Acacia announced that it has signed definitive documentation with its partner, Sarama Resources Ltd, to terminate the earn-in agreement in respect of the South Houndé Project (the "Project") in south-western Burkina Faso. The agreement allows Sarama to move to 100% ownership of the Project by making a payment of USD 2 million in staged payments. Acacia will also receive USD 2 million once commercial production commences and retain a net smelter return royalty (NSR) of 1-2%, based on a sliding rate basis on gold price received and a capped gold production of 1Moz Au.

In addition, Acacia will be granted 5 million warrants for common shares in Sarama, exercisable for five years. Acacia remains committed to exploration in Burkina Faso with various earn-in agreements still active and which provide exposure to approximately 2,000 km² of the prospective Houndé Belt.