DTM enters into agreement with Indigo Metals Limited
Released
Released
Announcement PDF
Dart Mining NL
ABN: 84 119 904 880
Level 6, 412 Collins Street
Melbourne VIC 3000
Contact: James Chirnside
Email: jchirnside@dartmining.com.au
Mobile: +61 447 447 613
Webpage: www.dartmining.com.au
LinkedIn: Dart Mining NL
Twitter: @DartMining
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ASX Release
9th
June 2026
DTM enters into binding Sale and Purchase Deed for sale of Mt
Unicorn, Sandy Creek, Tallandoon and Corryong Projects to Indigo
Metals Limited for $7.1m sale price
Dart Mining NL (ASX:DTM) (Company or DTM) is pleased to announce that it has entered
into a binding sale and purchase deed with Indigo Metals Limited (ACN 690 861 771)
(Indigo) for the sale of the Company’s Mt Unicorn, Sandy Creek, Tallandoon and Corryong
projects (together, the Projects) to Indigo in connection with Indigo’s proposed initial public
offering and listing on the ASX (Proposed Transaction).
HIGHLIGHTS
• Total consideration of $7,100,000 (plus GST), comprising a mixture of cash and
Indigo shares issued at IPO price
• DTM to retain a 2.5% Net Smelter Revenue Royalty on all Antimony production from
the Sandy Creek and Tallandoon tenements
• Transaction is subject to, and is to be completed in connection with, Indigo's proposed
IPO and admission to the official list of the ASX
On 17 March 2026, the Company announced that it had entered into a non-binding term
sheet with Indigo for the sale of the Projects to Indigo. The Company is pleased to announce
that it has now entered into a binding Sale and Purchase Deed (Deed) with Indigo
formalising the terms of the Proposed Transaction.
DART MINING’S CHAIRMAN, JAMES CHIRNSIDE, COMMENTED:
“The execution of the binding Deed with Indigo brings DTM one step closer to
realising value from the Mt Unicorn, Sandy Creek, Tallandoon and Corryong
Projects. With total consideration of $7,100,000 comprising cash and shares in
Indigo, DTM will retain exposure to exploration and development success at the
Projects through its equity interest in Indigo, whilst injecting new funds into the
Company to continue to drive exploration at the Company’s Triumph and
Coonambula projects."
Under the Deed, Indigo will acquire 100% of the share capital of Mt Unicorn Holdings Pty Ltd
(which holds the Mt Unicorn Project, but excluding the Buckland Gold Project), and the
exploration licences comprising Sandy Creek, Tallandoon and Corryong projects from DTM.
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3447-3696-0313, v. 2
A summary of the key terms of the Deed is set out below.
The consideration for the Proposed Transaction comprises:
• the payment of $3,600,000 in cash, less all deposit amounts paid to date; and
• $3,500,000 worth of fully paid ordinary shares in the capital of Indigo, which will be
issued at a deemed price of $0.20 each; and
• the grant of a 2.5% Net Smelter Revenue Royalty on all antimony production from any
or all of the Sandy Creek Project and the Tallandoon Project.
The Proposed Transaction is conditional on satisfaction (or waiver) of the following
conditions precedent:
• the ASX having given notice of its intent to admit Indigo to the official list of the ASX,
subject only to usual or customary conditions; and
• the Company's shareholders having approved the Proposed Transaction pursuant to
ASX Listing Rule 11.4 (or any other ASX Listing Rule required by ASX), or the
Company having received written confirmation from ASX that no such approval is
required.
Approved for release by the Board of Directors.
For more information please contact:
James Chirnside
Managing Director
Dart Mining NL
jchirnside@dartmining.com.au
+61 419 605 842
InvestorHub Link
Terry Bates
Director
Dart Mining NL
tbates@dartmining.com.au
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