EL8878 - Lucky Draw Tailings
In October 2025, a Farm-in agreement was executed between Ecotech Enterprises Pty Ltd (Ecotech) and Destiny Resources Pty Ltd, whereby Ecotech would undertake and fund all necessary measures and activities to achieve the grant of a Mining Lease over the Lucky Draw tailings located within EL 8878. The main terms and conditions include the following:
Ecotech to undertake the following:
1. Completion of any further tailings sampling, geotechnical and metallurgical work, environmental and planning issues considered to be necessary;
2. Preparation of any necessary feasibility studies and application requirements covering the adopted mining and treatment process;
3. Assessment and use of Glycat leaching technology;
4. The cost of the mining lease process is estimated at $1,100,000 and
5. Lodgment of the resultant Security Bond.
6. The Mining Lease application will be lodged in the name of an entity registered by Destiny.