Black Dragon Gold has sold its Padbury Gold assets in Western Australia to Parbo Resources for $150,000.

The assets, located near Meekatharra in the North Yilgarn Craton, include two tenements (E51/1942 and E51/1969) covering 366 km2.

Black Dragon retains the Ivan Well tenement near Wiluna, which has early-stage exploration potential for gold.

The proceeds from the sale will support Black Dragon's flagship Salave Gold Project in northern Spain, currently undergoing land rezoning and environmental permitting.