Mandrake has executed a binding Terms Sheet to acquire 100% of Atacamoz Pty Ltd (Atacamoz) (Acquisition). Atacamoz has a binding option agreement (Option Agreement), through its wholly owned Chilean subsidiary Terremoto SpA (Terremoto), granting it the exclusive option (Option) to acquire, from Delfin SA, a 100% interest in 38 mining rights, located approximately 100 km south of San Pedro de Atacama (Delfin Project).
The Term Sheet is conditional upon the successful completion of a 12-week due diligence period and regulatory approvals.
12 wks from the 25/3/22 ended on 17/6/22.
I would expect to see an announcement later this week.
The delay may to be to do with obtaining assay results from the Labs.
"Release of detailed rock-chip sampling (assays pending) and mapping work" "Re-logging (all core and rock chips available) and re-interpretation of drilling is already underway with a focus on understanding the structural controls and plunge of the high-grade zones."
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