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Sinclair Gold Ltd (ASX:SGC)

ALERT: Price-sensitive ASX Announcement for SGC
Current share price for SGC : $1.345 0.165 (13.98%)+
Announcement
Release
17 Aug 2026 8:10AM
Price at Release
$1.180
Full Release
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Summary
Sinclair Gold Ltd has entered into a binding Earn-In Agreement with Medaro Mining Corp concerning the Sala Project in Sweden. The agreement allows Medaro to earn up to a 100% interest in the project through staged cash payments, share issuances, and exploration expenditures, with a total potential transaction value of up to $3.4 million. It includes a 1% net smelter return royalty that could increase to 2% if full ownership is achieved. This deal enables Sinclair to focus on advancing the Mt Henry Gold Project while retaining potential benefits from Sala's future success. The completion of the agreement is conditional on obtaining necessary regulatory approvals, with an expected completion date before the fourth quarter of the financial year 2027.
Key Points
  • Sinclair Gold Ltd signed a binding Earn-In Agreement with Medaro Mining Corp for the Sala Project in Sweden.
  • Medaro can earn up to 100% interest in Sala Project through staged cash payments, share issuances, and exploration expenditures.
  • The transaction involves up to $3.4 million in potential cash, shares, and exploration expenditure.
  • A 1% net smelter return royalty is included, increasing to 2% if Medaro acquires the full interest.
  • The agreement allows Sinclair to stay focused on the Mt Henry Gold Project while retaining exposure to Sala's success.
  • The agreement requires regulatory approvals with completion expected before Q4 FY27.
  • Sinclair's strategy includes holding tenements in Sweden's Bergslagen mining region.
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.