Mayfair Corporations Group Pty Ltd entered into a term sheet to acquire 4 Mining Leases from Orion Metals Limited (ASX:ORM) for AUD 0.5 million on March 5, 2021. Winfield Minerals Pty Ltd entered into a Sale of Tenements Agreement to acquire 4 Mining Leases from Orion Metals Limited on July 13, 2021. The consideration of the Tenements is AUD 0.5 million plus consideration to cover the cost incurred (or to be incurred by the Company in paying for commitments) and also an amount being the value of various securities provided by the Company to and currently held by, the Queensland Department of Resources in respect of the Tenements. Completion of the sale of the Tenements is conditional on satisfaction or waiver of the following conditions precedent, Indicative approval of the Queensland Departmental of Resources to the transfer of the Tenements, Satisfactory due diligence by Winfield and Approval of the shareholders of Orion to the sale of the Tenements. As of May 3, 2021, Due diligence has not yet been finalized by Winfield and has to be completed till May 21, 2021. As of June 1, 2021, Winfield advised that due diligence has been completed. Extraordinary General Meeting of Orion Metals Limited to be held in early to mid June 2021 to obtain shareholder approval. Extraordinary General Meeting of Orion Metals Limited is scheduled to be held on the revised date of July 14, 2021. As of July 14, 2021 Orion Metals Limited shareholders approved the transaction.

Mayfair Corporations Group Pty Ltd completed the acquisition of an unknown stake in 4 Mining Leases from Orion Metals Limited (ASX:ORM) on December 15, 2021.