Plus royalties
"Ad valorem rates are levied on the ‘royalty value’ relevant to the extent of how the
mineral is processed within Western Australia:
7.5% of the royalty value if sold as crushed or screened;
5.0% of the royalty value if sold as a concentrate; and
2.5% of the royalty value if sold in metallic form or equivalent processing."
Ann: Tivan Online Investor Briefing, page-24
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