Eastern Metals Limited (ASX:EMS) signed a Binding Heads of Agreement Neutral Junction Project from Bowgan Minerals Limited for AUD 0.13 million on March 3, 2020. Eastern Metals Limited (ASX:EMS) executed an asset sale agreement to acquire Neutral Junction Project from Bowgan Minerals Limited on May 6, 2022. The consideration will be settled AUD 0.05 million in cash and rest by issuance of 408,163 new shares of Eastern Metals Limited. The shares issued as part of the Acquisition will be escrowed for 12 months from the date of issue. Consideration is payable upon completion being 20 Business Days after registration of EMS as the registered owner of each Tenement owned by Bowgan.

Eastern Metals Limited (ASX:EMS) completed the acquisition of Neutral Junction Project from Bowgan Minerals Ltd. on October 17, 2022.