CopperCorp Resources (TSXV: CPER) has entered into a binding tenement sale agreement, dated 25 October 2026, to sell a 100% interest in the Skyline Copper-Gold Project in western Tasmania, Australia, to a subsidiary of Bubalus Resources (ASX: BUS). The project comprises five granted exploration licences covering about 494 square kilometres in the Mount Read Volcanics. Initial consideration is A$3 million in cash and shares, made up of A$1.0 million in cash and Bubalus shares equal to about 19.95% of Bubalus post-transaction, plus a contingent A$1.5 million milestone payable on a JORC-compliant Measured and/or Indicated Mineral Resource of at least 200,000 tonnes of contained copper equivalent, and a net smelter return royalty of 0.5% over EL16/2018 and 2.0% over other licences. Bubalus plans a A$2.5 million first-year exploration program, including about 4,000 metres of diamond drilling at Jukes and Hydes, while CopperCorp will focus its capital and technical team on its 100%-owned 626 km² AMC and Jasper Hills portfolio. CEO Steve Swatton said the sale returns value to CopperCorp shareholders while retaining exposure through the Bubalus stake, and Bubalus Managing Director Brendan
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
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