RMG Limited ABN 51 065 832 377 Unit 8-9 88 Forrest Street Telephone: + 61 8 6461 6840 Cottesloe Western Australia 6011 Facsimile: + 61 8 9286 2900 Australia 6 December 2007 Company Announcements Office ASX Limited By e-Lodgement Dear Sir/Madam CONDITIONAL FARM-IN AGREEMENT - EL3812 and EL3813 The Company advises that it has received an initial non-refundable option fee of A$50,000 in relation to a conditional farm-in agreement over EL3812 and 3813 in South Australia with Copper Road Inc. (CRI) A further A$50,000 non-refundable option fee is due and payable. The farm-in agreement is subject to and conditional upon: · CRI obtaining conditional approval to be admitted to official quotation on the OTC Bulletin Board market; and · CRI preparing a prospectus and completing an initial capital raising up to $2 million. Under the terms of the agreement, CRI must spend $2 million to earn an initial 40% interest in the joint venture within the first 2 years. CRI may elect to spend a further $3 million for an additional 40% interest (total 80%) within the following year after the initial interest. The Company will announce further details when the conditions are satisfied or waived or if the agreement does not proceed. Yours faithfully Gary Steinepreis Director
RMG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
