• Spartan Resources to acquire lithium rights over Yalgoo, Egerton and Dalgaranga Projects for $275,000
• Transaction streamlines Firetail's portfolio, allowing focus on Skyline Copper Project in Canada and Picha Project in Peru
• Firetail continues to evaluate opportunities to monetize remaining non-core Australian assets

Firetail Resources Limited (ASX: FTL) has entered into a binding agreement with Spartan Resources Ltd (ASX: SPR) to divest the lithium rights over the Yalgoo, Egerton and Dalgaranga Projects in Western Australia for a cash consideration of $275,000. This transaction is consistent with Firetail's strategic focus on advancing its cornerstone Skyline Copper Project in Newfoundland, Canada and the Picha Project in Peru, while also crystallizing value from its non-core Australian asset portfolio. The recent inclusion of the Picha Project in the BHP Xplor 2025 program provides Firetail with up to US$500,000 in equity-free funding for accelerated exploration activities. For Spartan, the acquisition aligns with its strategy of consolidating mineral rights across its core gold projects, thereby reducing unnecessary administrative costs. Firetail continues to evaluate opportunities to monetize the balance of its Australian portfolio, which includes the Paterson Copper-Gold-Uranium Project and the Mt Slopeaway Nickel-Cobalt Project.

Firetail remains focused on actively advancing exploration at the Skyline Copper Project in Newfoundland and the Picha Project in Peru, where the company sees substantial potential to generate value for shareholders through exploration and discovery success.