I'm not sure what the lease number in question is but the law states that annual expenditure must be made on a tenement to ensure compliance & prevent the warden from taking it off you.
All RIO has had to do, legally, in the past 16 years is spend around $40/hectare, fill in the Form 5 expenditure report & no breach will have occurred. For a 1000ha tenement that could be as easy as having the fieldies camp up there for a few days & prorata-ing a bit of the corporate overheads & there's your $40k for the year without doing any real work.
It is common practice in prospecting circles to plaint a leaseholder & have them prove expenditure over a contested tenement. If they cannot prove that they are doing anything then the plaintiff wins the tenement. Happens all the time.
Hardrock.
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.226M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 52631 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 52631 | 0.019 |
1 | 51000 | 0.018 |
3 | 98116 | 0.017 |
2 | 158000 | 0.016 |
3 | 334000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 100000 | 1 |
0.021 | 100000 | 1 |
0.022 | 43000 | 1 |
0.023 | 475840 | 4 |
0.024 | 854465 | 3 |
Last trade - 16.21pm 15/07/2025 (20 minute delay) ? |
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HARANGA RESOURCES LIMITED.
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