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Empire Metals Ltd on Tuesday said its subsidiary has executed a sale and purchase agreement for its entire stake in the Eclipse mining lease. Back in December, the London-based mining firm targeting Australia reported that Empire Metals Australia Pty Ltd is selling its 75% interest in Eclipse, a non-core gold prospect near Kalgoorlie. The total consideration is A$750,000, or $533,715, including a non-refundable deposit of A$50,000 already received, and A$700,000 in cash payable on completion, which is expected in the near term. Empire Metals sees the divestment supporting its plans to ‘focus capital and management resources’ on the Pitfield titanium project, also in Western Australia, which Managing Director Shaun Bunn noted as ‘one of the largest titanium discoveries globally’. The Eclipse sale process in March was extended to allow the purchaser additional time for due diligence following delays to drilling assay results. Empire Metals shares rose 1.6% to 34.23 pence on Tuesday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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