Desert Metals to sell Tengrela project for up to A$5 million
Desert Metals said it will sell the Tengrela project for up to A$5 million plus a 1% NSR, and agreed to sell an 80% stake in Tengrela South to Waraba Gold.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Reuters, Desert Metals Ltd announced the sale of the Tengrela project for up to A$5 million plus a 1% net smelter return royalty.
Separately, the company entered into an agreement to sell its 80% interest in Tengrela South to Waraba Gold.
why it matters
The deal concerns a small gold project, so its effect on the broader market is limited. For investors in junior gold projects, it signals asset divestment by the company and demand for such deposits from larger players.
tags
instruments
sources
- Desert Metals Announces Sale Of Tengrela Project — Reuters, 27 October 2026 at 01:53 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗