mantle acquires new 289mn tonne jorc inferred , page-4

"Total consideration for the tenement to the vendor, Resolve Exploration and Mining, consists of a back-end vendor royalty of $0.80 / tonne clean coal sold, convertible to a $5 million payment spread over the first 2 years of commercial production in 4 tranches in either cash or Mantle shares at the vendor royalty holder’s option"

Looks like its full speed ahead with regards to LV. First we accumulate heaps of LV tenements outside the S7 and now we do an agreement to pay $5 million for another drilled LV tenement?

Looks like MNM only pays 5 Million in royalties/shares IF this resource is developed/mined?
So no cash outlay for MNM but we get another "strategic" asset....win win?

Looking good, If MNM is prepared to pay 5 million for this small tenement. I wonder what IK thinks our other coal assets are worth including the 1.6 Billion ton JORC at BM...

When will a LV JV deal/ agreement be announced/????
Probably after the remaining 4 tenements are granted.

I look fwd to hearing what the smart people think and how this fits into the puzzle

"Detailed work plans have already been lodged with, and approved by, the relevant state government department for a major drill program designed in accordance with the principles and guidelines of the JORC Code, in order to deliver upgrades to the existing JORC Resource (to Measured and Indicated status) as well as the second deposit to deliver a maiden JORC Resource there."

drilling LV sounds great especially if the Brown Coal Pilbara starts to get some legs later this year with ALDP/S7 news?