Balkan Mining and Minerals Limited (ASX:BMM) entered into a binding purchase and sale agreement to acquire Barbara Lithium exploration project located in the Barbara Lake Area, Canada from 1361707 B.C. Ltd for CAD 0.94 million on March 9, 2023. The issue of 3,000,000 fully paid ordinary shares in the Company to 1361707 B.C. Ltd and Granting 1361707 B.C. Ltd a 1.5% net smelter return royalty in respect of any mineral production from the mining claims acquired by the Company. The agreement is subject to completion of due diligence requirements to the satisfaction of the Company, before 30 April 2023.

Balkan Mining and Minerals Limited (ASX:BMM) completed the acquisition of Barbara Lithium exploration project located in the Barbara Lake Area, Canada from 1361707 B.C. Ltd on April 11, 2023.