Skylark Minerals secures up to 97% earn-in deal
Key points
- Skylark Minerals has executed binding earn-in agreements to secure up to 97% stakes in two early-stage gold projects in Côte d’Ivoire.
- Company shares traded down 1.69% at $0.29 following the announcement.
- The deal aims to expand exploration alongside the company’s flagship 1.2 million-ounce Zaranou Project.
Skylark Minerals (ASX:SKM) has signed binding agreements to earn up to a 97% interest in the Amie and Yaou gold projects.
The agreement follows an updated mineral resource estimate on Oct. 19, which grew the flagship Zaranou Project by 228% to 1.20 million ounces of gold.
“These earn-ins are precisely the type of attractive early-stage opportunities we've been actively chasing to continue building Skylark into a multi-asset gold business in Côte d'Ivoire,” said Skylark Executive Chair Nikolai Zelenski.
Under the royalty-free terms, the company stated that Amie features a 3-kilometer gold anomaly, while Yaou sits on the Ahafo-Bibiani-Chirano regional belt.
Following the announcement, the Skylark Minerals share price was down at $0.29.
The company stated that early exploration will share infrastructure with Zaranou, where planning is underway for a large-scale 2027 program.
On Nov. 2, the company secured $20 million in institutional placement funding, with PDI Gold taking a 9.9% stake.
