Everest Metals Corporation Ltd (ASX:EMC) entered into a Tenement Sale Agreement to acquire Ninghan Project from Angelo Michael Levissianos, Laszlo Szalay, Gold Terrace Pty Ltd, Lil Boyteeth Pty Ltd and Warringa Blue Pty Ltd for AUD 0.26 million on January 19, 2023. Under the terms of the transaction, Everest Metals Corporation Ltd will pay a consideration of 2.5 million ordinary fully paid shares and a 2% gross production royalty on all Minerals produced from the Tenements, subject to due diligence.