Empire Metals Ltd (AIM:EEE, OTCQX:EPMLF), the AIM-quoted exploration and development company, has extended the sale of its 75% interest in the Eclipse Mining Licence by one month to 30 April, after delays to drilling assay results held up the purchaser's due diligence.
The purchaser has completed a 10-hole reverse circulation drilling programme totalling 514 metres but requires additional time to analyse results following longer than anticipated laboratory turnaround times.
A non-refundable deposit of A$50,000 has been received, with the A$700,000 balance due on settlement.