ESS essential metals limited

Ann: DVP: DVP & ESS Transformational Transaction, page-206

  1. 1,831 Posts.
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    Good question NL. I'm not sure TBH but it looks like all (if not most) of the $70M AUD payments are still owing. DVP are quoting a JORC resource for WL but I think the WL reserve figure is still a work in progress. I believe a new JORC resource and reserve is imminent and I imagine the JORC reserve will trigger one or both of the $12.5M and $7.5M payments you highlighted. The $20M FID payment is likely payable soon after finance sorted prob within 6 months. Then another $30M due after 18 months commercial production ...

    https://hotcopper.com.au/data/attachments/5494/5494604-04fc6c7802e9bc49f1d1aa0bfcf9d6d8.jpg

 
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