AWJ auric mining limited

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Ann: Writ from Estrella Resources Ltd, page-22

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goldbuggalo

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02/05/25

08:47

Post #: 78889431
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Originally posted by Timorlad: ↑

Ah yes — the courtroom fantasy where geological nuance is replaced by cartoonish simplicity. Welcome to "La-La Land" indeed.

Let’s rejoin the real world, where legal proceedings are grounded in contract law, mineral rights, and precedent — not flippant hypotheticals designed to downplay the seriousness of a royalty claim.

First, yes — Estrella does hold the royalty and lithium rights over the Munda tenement. That’s not disputed. Nor is the fact that Auric purchased the gold rights, not the lithium.

The issue isn’t whether Estrella can produce a JORC-compliant lithium resource — nobody is trying to develop a lithium mine here. The legal matter is straightforward: **if lithium is encountered and ore disturbed**, they are under court order and will be responsible to process it.

Your straight-out gold project now becomes a mine where, by legal obligation, you're required to handle and process a commodity that one poster casually suggested throwing on the scrap heap.

And here's the twist that keeps getting missed: even if Auric isn’t targeting lithium, they are still disturbing material they do not own. In legal terms, that’s like building a house partially on land you never bought and claiming the owner must first prove there’s gold beneath it before you owe them rent.

This isn’t about proving a billion-dollar lithium deposit, it's about upholding the integrity of mineral tenure systems. The royalty exists. The rights are owned. And if the operator disturbs those minerals — intentionally or not — they may be liable.

Auric will be paying for this to go away — out of court, or by court order.

Getting a little messy, right?

Expand

Is there even lithium at munda? If so, how much? Has it been quantified?

I think this is desperate, if that lithium was that valuable, ESR would have fought for it harder.

How much is that lithium worth, if there is any?

Sorry mate, you are the delusional here if you think that the outcome of this in ESR’s best case scenario is a check for a tiny amount, like those initial 30k. There is absolutely zero chance that that lithium will be processed just to pay a royalty.

AWJ Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
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Ann: Writ from Estrella Resources Ltd, page-22

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Ann: Writ from Estrella Resources Ltd, page-22

Top Stories

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