Ann: Licence Grant Over High Grade Zinc Mineralisation-IBG.AX, page-57

Believe the royalty was raised while they were negotiating the IBA and supposedly sorted then. If a royalty was to be applied, the details should have been included in the Impact Benefit Agreement, which is what that document is for - what's in it for Greenland. Seems like they had a last minute change of heart, another bite of the cherry so to speak. Good call on your part all the same.

I recall saying to Joe earlier this year when IBG was around the 4s that his decision to wait for mining approval was understandable, even he ends up paying more when it comes as there will be plenty of head room at that point. It would seem he could end up paying quite a lot more than if he'd bought at that time....

Today was encouraging and with zinc above $1.09 there could be much more interest in the zinc segment soon, let alone our mining approval seemingly very close now