• Option to sell Randalls Project for up to $800k in cash, shares and deferred milestone payments
• Miramar to refocus on existing gold and critical minerals projects
• Retains upside exposure to Randalls Project through royalty and milestone payments

Miramar Resources Limited (ASX:M2R) has entered into a binding sale agreement for the divestment of its Randalls Project, located approximately 70 kilometres east of Kalgoorlie. The company has granted Future Battery Minerals Ltd (ASX: FBM) an exclusive 6-month option to acquire 100% ownership of the Randalls Project. The sale is part of Miramar's strategy to rationalise its portfolio of exploration projects in the Eastern Goldfields and Gascoyne regions of Western Australia. Miramar's executive chairman, Mr Allan Kelly, stated that the sale would allow the company to focus on more prospective projects, including the Gidji JV Gold Project and the Bangemall copper-nickel-PGE projects, while retaining upside exposure to the Randalls Project through share consideration, milestone payments, and a royalty from any future production. The consideration for the Randalls Project includes cash, shares in FBM, milestone payments on delineation of JORC-compliant Resources, and a royalty from any future production. Miramar's focus is currently on exploration at the Gidji JV Gold Project and the Bangemall nickel-copper-PGE Project, which will be fully funded by a multi-year exploration joint venture agreement with Sumitomo. The company is also planning further exploration at its Whaleshark copper-gold project, the Chain Pool Cu-Pb-Zn-Ag Project, and the Carnarvon heavy mineral sands (+/- REE's) project.