Marmota agrees to divest West Melton copper asset to G4 Metals for $1 million

Marmota Limited has agreed to sell its West Melton copper tenement in South Australia to G4 Metals for $1 million in shares, with the potential for up to an additional $500,000 in performance-based payments if certain resource milestones are met. The deal allows Marmota to retain an equity stake in G4 Metals, maintaining exposure to the project's future upside while shifting its primary focus to other gold, titanium, and uranium ventures. If G4 Metals does not complete a successful IPO by the end of 2026, Marmota has the option to withdraw from the agreement. The West Melton tenement is adjacent to significant copper projects, notably the Hillside project recently acquired by Indonesia’s Salim Group, highlighting the region's growing prominence in copper production. Marmota's shares declined following the announcement, reflecting some investor apprehension about the strategic shift, although the arrangement offers potential financial and operational benefits. G4 Metals is expected to begin exploration at West Melton this year as it prepares for its proposed IPO.