spectacular gold intercept 16m at 15.12 gt au, page-16

yes is was a dollar and macquarie bank was $86.00

Pigiput is on Simberi Island, pigiput is about 2kms south of sorowar

Allied owns 100% of Simberi Island tenements.

the deal with barrick was for $35million investment at 0.85, which gives them the following;

• Barrick will individually fund A$8 million within four years for a 51% interest in the exploration licences on Big Tabar and Tatau Islands
• It can move to a 70% stake through spending a further A$12 million over the next four year period

as quoted by allied "As there is so much more potential to be unlocked at Simberi, we recognised we required assistance over the next 3-5 years to provide adequate means to systematically assess the vast potential of Big Tabar and Tatau."


Suggest you go to the presentation that was released to the market on 28th March.