integra see below for the off take agreement in the JV...
Under the Farm-In Joint Venture Agreement, BCL can spend US$4M on drilling and exploration to earn a 40% interest in the PLs. BCL then has the option to continue to fund the projects to the completion of a Bankable Feasibility Study to earn a 70% interest. At that point BCL will have the off-take rights at commercial prices, to any ore mined. BCL also has a first right of refusal to participate in exploration on the Company’s other prospecting licences in Botswana.
Very slow results, page-16
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