Resource Development Group Limited (ASX:RDG) exercised its option to acquire Peloton Resources Pty Ltd on AUD 7 million on November 24, 2023. the shareholders of Peloton will be given two elements of consideration Cash and Resource Development Group shares along with deferred element of consideration. Transaction is subject to regulatory approval, Peloton providing to RDG with an executed Deed of Termination in relation to an existing royalty agreement and No material adverse change having occurred in relation to Peloton prior to completion.

Completion of the transaction is expected to occur on or before December 6, 2023.