• Divestment of non-core exploration asset
• Focus on advancing flagship Apollo Hill Gold Project in WA
• Saturn to become shareholder in Xpedra Resources

Saturn Metals Limited (ASX: STN) has announced the sale of its West Wyalong Gold Project Joint Venture Interests and Tenements in New South Wales to precious metals explorer Xpedra Resources (ASX:XPD). The transaction is consistent with Saturn's strategic focus on advancing its flagship 100%-owned Apollo Hill Gold Project in Western Australia towards development, with a Definitive Feasibility Study targeted for completion in the second half of 2026. Under the terms of the agreement, Saturn has sold its 60% Joint Venture Interest in EL8815 for a consideration of $50,000 in cash and 27,500,000 shares in Xpedra, with 50% of the shares escrowed for 3 months and the remaining 50% escrowed for 6 months. Additionally, Saturn has sold its 100% interest in EL9168 for 2,500,000 shares in Xpedra, with the same escrow conditions. The transaction is subject to receipt of the usual regulatory approvals. Saturn's Managing Director, Ian Bamborough, commented that the sale represents a positive outcome for both parties, as it cements Saturn's focus on advancing its flagship Apollo Hill Gold Project while also giving its shareholders retained exposure to future exploration upside at West Wyalong and Xpedra's other exploration assets in NSW.

The transaction will see Saturn become a shareholder in Xpedra, giving its shareholders retained exposure to future exploration upside both at West Wyalong and at Xpedra's other exciting exploration assets in NSW, including its Springfield Project where its maiden drilling program is in progress.