Impact Minerals is selling its Clermont epithermal gold project in Central Queensland for $100,000 in shares.
The buyer is Australasian Gold Limited, an unrelated private company with a suite of similar prospective gold assets in Queensland.
Impact said Australasian Gold would list on the ASX in early 2021 at a listing price of 20 cents per share.
Australasian Gold also recently picked up the May Queen gold project, south-east of Cracow in southern Queensland from African-focused minerals exploration company IronRidge Resources.
Impact also holds the Blackridge gold project in the Clermont area, where it recently secured exploration permits for two new areas (Pewt’s Hill and Hard Hill).
It believes a significant potential bulk mining opportunity exists in the Miclere-Blackridge gold field.