Dampier Gold Limited announced refers to the binding terms sheet dated 4 October 2019 between Dampier Gold Limited and Torian Resources Limited which sets out the terms by which Dampier is to farm-in to earn an interest in the Tenements comprising the Credo Well Project. Dampier is pleased to advise that it has satisfactorily completed its due diligence on the Credo Well Project and that it has notified Torian that Dampier wishes to proceed to earn a Farm-in Interest in accordance the binding terms sheet, 6 January 2020 represents the Commencement Date for the Farm-in Joint Venture. Under the agreement, Dampier has the right to a 25% interest in the Credo Tenements by incurring expenditure on the Credo Tenements of AUD 0.5 million no later than 15 months from the Commencement Date.