Grafton Resources secures exclusive option to buy Newmont’s Chilean Poseidon and Jabali projects for US$2.54 million
Bitget2026/09/24 11:05- Grafton Resources entered an exclusive option to acquire 100% of Newmont’s Poseidon gold-silver-copper project and Jabali gold project in Chile.
- Total consideration set at USD 630,000 cash, USD 1.91 million in Grafton shares, staged over three years from Sept. 21, 2026.
- Poseidon sits next to Grafton’s Alicahue project, creating 14,383 hectares of contiguous concessions targeted for epithermal mineralization.
- Jabali covers 228.9 sq km in Aysén, remains undrilled, with drill-prep infrastructure largely completed.
- Deal terms include NSR royalties of 1.5% at Poseidon, 1% at Jabali, with USD 2.5 million resource milestone, USD 3 million production milestone.
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