AGY 8.70% 5.0¢ argosy minerals limited

Ann: Argosy signs binding agreement for US Lithium Project, page-105

  1. 5,794 Posts.
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    Am I understanding this correctly?
    Argosy have the opportunity to buy 1 million tonne JORC brine holding in Nevada for roughly AUD$600,000 ?
    If the JORC doesn't come out at least 1 million then they walk away and just lose their option fee (and presumably the JORC costs) ?
 
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