[MEDIA] If you are interested, the above Tweet will take you to...

If you are interested, the above Tweet will take you to the Mundoro Capital Inc. press release dated 23 January 2023.

Transaction Overview
Each of the three Options provides BHP with the right to earn a 100% interest in the relevant Timok Property by making:


(i) annual cash payments and operator payments ('Payments') to Mundoro Capital Inc ('Mundoro'), with the aggregate amount of Payments for the three properties over three years amounting to approximately US$1,700,020; and
(ii) incurring exploration expenditures within three years on the three properties amounting to US$7,500,000.

The earn-in also includes an exploration expenditure commitment related to drilling by March 2023.

BHP may exercise each Option independently or elect to extend each Option by one year by making additional Payments and incurring additional exploration expenditures.

Upon exercise of each Option, Mundoro will retain a 2% net smelter return ('NSR') royalty that includes development milestone payments for a total up to US$9,000,000 and annual cash payments until commercial production commences. Mundoro is appointed as the initial operator under the Options.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts