The company, earlier, entered into a conditional agreement with the acquirer to sell Leichhardt for A$15m ($15.4m), payable in three tranches.
Following the delays in transactions, the company signed a binding agreement for a total consideration of $15.2m, of which it has received $1m non-refundable deposit, alongside additional A$1m ($1.03m) non-refundable deposit payable by 25 April 2013.
At the completion of transaction, it will receive the final A$12.75m ($13.1m) along with costs incurred in operating the Leichhardt project from 1 May 2013 until completion, the company added.
The Leichhardt copper project comprises a copper cathode process plant with a capacity of producing 9,000 tons per annum of copper cathode and surrounding landholding.
Meanwhile, Cape Lambert has appointed global investment bank Deutsche Bank AG to offload its royalty rights in Mayoko iron ore project located in the Republic of Congo.
