Victory Metals Limited (ASX:VTM) executed a binding term sheet to acquire P20/2345 and P20/2346 tenements in Murchison region of Western Australia from WA Minerals Pty Ltd for AUD 0.03 million on March 28, 2023. Victory acquires 100% of granted tenements P20/2345 and P20/2346 for consideration of 150,000 fully paid Victory ordinary shares and 66,666 unlisted options exercisable at AUD 0.30 within two years from the issue date and the Vendor to retain a 1% NSR royalty from the sale of any mineral mined from the royalty area by or on behalf of Victory. Completion of the acquisition is subject to the satisfaction of standard condition precedent.

Victory Metals Limited (ASX:VTM) completed the acquisition of P20/2345 and P20/2346 tenements in Murchison region of Western Australia from WA Minerals Pty Ltd on March 28, 2023