MGT 0.00% 19.0¢ magnetite mines limited.

Ann: Rothsay Royalty Agreement Update, page-2

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    "Under the Royalty Agreement, the Company is entitled to a royalty of A$10 per ounce of gold extracted
    from the Rothsay tenements commencing once Silver Lake has sold 10,000 ounces from the Rothsay gold
    tenements. The Royalty payable to the Company will cease after the cumulative Royalty payments reach
    an amount of A$595,000. Silver Lake has been updating the market on the development of the Rothsay
    gold project in Western Australia in their ASX announcements."

    Extra cash to further our project cool.png
 
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