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Marvel Gold Limited (ASX:MVL)

ALERT: Price-sensitive ASX Announcement for MVL
Current share price for MVL : $0.011 -0.005 (-31.25%)+
Announcement
Release
17 Dec 2025 9:21AM
Price at Release
$0.016
Full Release
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Summary
Marvel Gold Limited announced a binding Memorandum of Understanding to sell its Yanfolila Gold Project in Mali to Askiya Mineral Resources S.A.R.L. for up to US$1,940,000. The transaction involves a series of payments contingent on the progression of mineral resources. This deal is part of Marvel's strategy to divest its Mali assets and concentrate on the Hanang Gold Project in Tanzania. The agreement includes an upfront option fee, subsequent payments linked to resource milestones, and stipulates Marvel's commitment to facilitate the transfer and renewal of project tenements.
Key Points
  • Marvel enters binding MOU to sell Yanfolila Gold Project.
  • Total consideration up to US$1,940,000.
  • Initial non-refundable option fee of US$25,000.
  • Additional payments contingent on mineral resource milestones.
  • Marvel to facilitate tenement renewal and transfer.
  • Transaction aligns with strategy to focus on Tanzanian projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.