Tasman Mining Pty Ltd signed a Sale and Purchase Agreement to acquire OceanaGold's interest in the Blackwater project in New Zealand from OceanaGold Corporation (TSX:OGC) for $30 million on January 31, 2024. The execution of the SPA follows the receipt of formal notice from Tasman to exercise its exclusive option on Blackwater, which has been held under a Project Deed since July 2018. Under the terms of the SPA, OceanaGold is to receive $30 million in cash upon closing of the transaction. The SPA is subject to a number of conditions including regulatory approval and is expected to close in 2024. As on June 3, 2024, the transaction is scheduled to close in June 2024.

Tasman Mining Pty Ltd completed the acquisition of OceanaGold's interest in the Blackwater project in New Zealand from OceanaGold Corporation (TSX:OGC) on June 24, 2024.