DEG 4.76% $1.21 de grey mining limited

Ann: Trading Halt-DEG.AX, page-63

  1. 2,323 Posts.
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    @Purav Shah
    Part of your recent quote I addressed.
    Market will be likely re rating the company based on all the results from the
    Turner River project combined, which includes Gold from Wingina, Base
    metals from Discovery and Lithium from Tabba Tabba. This could be
    massive.Fingers crossed.’


    Your recent post contains information that may lead shareholders of DEG to
    wrongly assume we have the rights to any Lithium found at TABBA TABBA.

    Seeing that you found my announcement a bit confusing because English is
    your second language, here is the company version of what I tried to convey
    to fellow shareholders to correct that assumption.


    ASX announcement 21/3/16, page 2.
    “De Grey would like to clarify that it is the owner of E45/2364. dd(Tabba Tabba ).
    Attgold retained the pegmatite related rights on this tenement only. The pegmatite
    rights give Attgold rights to explore on the tenement for pegmatite minerals, which
    in turn are defined as “tin, tantalum, niobium, lithium, cesium and non-gold bearing
    or base metal bearing aggregate.”
    This is as a result of the previous acquisition of this tenement by De Grey from Attgold,
    whereby Attgold retained the pegmatite rights, subject to various clauses of priority,
    access and normal statutory requirements.”

    Good luck Tuesday to all DEG part owners.
 
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