# Leviathan Metals Announces Agreement to Sell Timor Gold Project License to Au Gold Corp.

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/leviathan-metals-announces-agreement-to-sell-timor-gold-project-license-to-au-go--0468045d-7a78-40ca-8ca4-7f8aec69f52a

Original source: https://money.tmx.com/en/quote/LVX/news/6835205253247806/leviathan-metals-announces-agreement-to-sell-timor-gold-project-license-to-au-go

Publisher: tmx

Original announcement: 2026-01-15T17:21:22.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Leviathan Metals Corp.

- Ticker: LVX

- Exchange: TSX

- Region: Victoria, Australia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results, Agreement transaction, Other

- Extracted: 2026-09-14 11:04:02 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Leviathan Metals has entered into an agreement to sell its wholly-owned Timor Gold Project in Victoria, Australia, to Au Gold Corp. The transaction includes an immediate cash payment, a closing payment, and the issuance of 5,000,000 shares of Au Gold Corp, giving Leviathan an 11.16% stake in the buyer. Additionally, Leviathan will receive $3.00 per ounce of JORC or NI 43-101 compliant resources disclosed in future technical reports.

Reasoning: The company is selling a non-core gold project in exchange for cash and a significant equity stake in the buyer, while retaining upside through contingent payments.

- Positive factor: Divestment of non-core asset

- Positive factor: Cash consideration received

- Positive factor: Equity stake in Au Gold Corp \(11.16%\)

- Positive factor: Contingent royalty/payment based on future resource disclosure

- Negative factor: Loss of direct ownership of Timor Gold Project

Facts used in scoring: 1

## Classification and evidence

**agreement\_transaction**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The document announces a mineral property sale agreement \(MPSA\) for the Timor Gold Project.

Evidence · text

> entered into a mineral property sale agreement \(“ MPSA ”\) with Au Gold Corp.

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### 21LEV002

[Link to this fact](https://atlas-extractions.minestarters.com/news/leviathan-metals-announces-agreement-to-sell-timor-gold-project-license-to-au-go--0468045d-7a78-40ca-8ca4-7f8aec69f52a#fact-drill-facts-0)

Timor · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 21LEV002
- Project: Timor
- Commodity: gold
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: LVX

#### Geometry

- Grade: 5.27
- Grade Unit: g/t
- Intercept: 11.46 m
- From: 232.05 m
- To: 243.51 m
- Intercept Depth: 232.05 m

#### Classification

- Sample Type: drill
- Group ID: 21LEV002:232.05-243.51

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-03-09T00:00:00.000Z

#### Dates

- Event date: 2026-01-15T00:00:00.000Z

Reasoning: Historical drill intercept from 2022 restated in the context of the sale.

- Positive factor: High grade intercept

Evidence · text

> 11.46 meters at 5.27 g/t Au from 232.05 in hole 21LEV002 \(press release of March 9, 2022\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Timor covers 116.45 square kilometers in the Central Maryborough district of Central Victoria, encompassing over 25 kilo"

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.