First Au (ASX:FAU) agreed to acquire the Lady Jane project in Western Australia from Dynamic Metals (ASX:DYM), according to a Friday filing with the Australian bourse.
The acquisition comprises six exploration licenses for consideration of AU$50,000 paid on execution and a further AU$100,000 on completion, and AU$500,000 deferred to the completion anniversary, the filing said.
The acquisition also includes a 1.5% gross revenue royalty, per the filing.
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