Sunshine Divests Non-Core Hodgkinson Project
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| Stock | EQ Resources Ltd (EQR.ASX) |
|---|---|
| Release Time | 9 Jun 2026, 9:59 a.m. |
| Price Sensitive | Yes |
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Sunshine Metals Ltd to Divest Hodgkinson Project to EQ Resources Ltd
Key Points
- Sunshine Metals Ltd finalized a binding agreement to sell Hodgkinson Project to EQ Resources Ltd for $250,000 in cash.
- Completion expected in or before August 2026, subject to regulatory and third-party consents.
- Sale allows Sunshine to focus on Mt Moss Gold Plant and Sybil epithermal field.
Full Summary
Sunshine Metals Limited (ASX:SHN, 'Sunshine') has signed a binding agreement to divest its Hodgkinson Project in Queensland to EQ Resources Ltd (ASX:EQR, 'EQ') for $250,000 in cash, subject to completion. The transaction includes $100,000 payable on agreement execution and $150,000 upon completion. EQ Resources will acquire 100% interest in the six Hodgkinson Project tenements. The sale is expected to complete in or before August 2026, pending regulatory approval and third-party consents. The divestment will enable Sunshine to concentrate on refurbishment and construction of the Mt Moss Gold Plant and exploration of the Sybil epithermal gold targets.
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