Ormonde Mining plc has completed the €2.3 million sale of its land, data and drillcore assets at La Zarza copper-gold-zinc project in Spain.
The company has now received an initial €800,000 from the purchaser La Zarza Mineria Metalica S.L.U., a subsidiary of Tharsis Mining S.L.
The balance will be paid in three equal payments of €500,000 on the first, second and third anniversaries of the completion.
Ormonde holds security over the deferred cash payments.