For those like me who don't recall our role in this venture.
Exploration in the TCMF is funded via a Farm-in agreement with Evolution Mining Limited (ASX:EVN), where Evolution is sole funding exploration expenditure of $15 million by 31 December 2017 to earn a 65% interest (Stage 1 Farm-in). Evolution can then sole fund a further $10 million over two years to earn an additional 10% (Stage 2 Farm-in). Emmerson is the operator and manager during the Stage 1 Farm-in.
Ann: ERM: Production Commences at the Edna Beryl Gold Mine, page-2
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$3.87 |
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