Highlights
The consideration received for the divestment of the Boolaloo Project consists of:
2,000,000 fully paid ordinary shares in Black Cat based on a share price of $0.28 per share and valued at $560,000.
A 0.5% net smelter return royalty on gold and copper produced from all the Boolaloo tenements.
Kingfisher finished the December 2023 Quarter with cash and receivables of $2.01M (see ASX:KFM 22 January 2024), excluding the Black Cat shareholding.