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Traka Resources Limited (ASX:TKL)

ALERT: Price-sensitive ASX Announcement for TKL
Current share price for TKL : $0.003 0 (0%)+
Announcement
Release
4 Sep 2025 8:20AM
Price at Release
$0.003
Full Release
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Summary
Traka Resources Limited announced the extension of the Option Period for the Mt Cattlin Option and Sale Agreement with Prowse Commodities Pty Ltd until 30 November 2025. This extension allows Prowse to potentially be acquired by an ASX-listed company, with the exercise of the option conditional on Traka's satisfaction with the acquiring company. Upon exercise, Traka will receive cash, shares, and performance rights. Additionally, Traka has decided not to continue with the Didi Gold Project after a termination notice from Alamako Resources. These moves align with Traka's strategy to focus on projects that enhance shareholder value.
Key Points
  • Extension of the Mt Cattlin Option Period to 30 November 2025
  • Potential acquisition of Prowse Commodities by an ASX-listed company
  • Conditional exercise of the Option based on Traka's satisfaction
  • Traka to receive cash, shares, and performance rights upon option exercise
  • Decision not to continue with the Didi Gold Project
  • Focus on projects that create shareholder value
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.