Feb 1 (Reuters) - IGO Ltd (IGO) :
- TROPICANA GOLD MINE ROYALTY CLAIM
- SERVED WITH A WRIT OF SUMMONS ISSUED OUT OF SUPREME COURT OF WESTERN AUSTRALIA BY SOUTH32 ROYALTY INVESTMENTS
- WRIT CLAIMS IGO IS LIABLE TO PAY ROYALTIES TO SOUTH32 CONCERNING MINING OPERATIONS AT TROPICANA GOLD MINE IN WESTERN AUSTRALIA
- IGO REJECTS SOUTH32'S ALLEGATIONS AND CONSIDERS CLAIM TO BE WITHOUT MERIT
- SOUTH32 ESTIMATED IN WRIT ROYALTIES PAYABLE BY IGO ARE AUD 122.1 MILLION (EXCLUSIVE OF INTEREST AND COSTS) FROM DEC 2014 UNTIL 30 SEPT 2023
- IGO NO LONGER HAS AN INTEREST IN TROPICANA GOLD MINE
- IGO INTENDS TO FULLY AND VIGOROUSLY DEFEND CLAIM
- ESTIMATES RELEVANT PORTION OF ABOVE CLAIM AMOUNT FROM 31 MAY 2021 TO SEPT 2023 IS IN RANGE OF ABOUT A$35 TO A$40 MILLION
- DENIES THAT IT HAS ANY LIABILITY TO SOUTH 32
- AGREEMENT BETWEEN CO AND REGIS RESOURCES INCLUDES PROVISION WHICH MAINTAINS CO'S LIABILITY FOR SAMPLE ROYALTY PRIOR TO COMPLETION ON 31 MAY 2021
News: S32 IGO Ltd Says Served With Writ Of Summons By South32 Over Tropicana Gold Mine Royalty Claim
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Last
$3.02 |
Change
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Mkt cap ! $13.53B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.05 | $2.99 | $30.07M | 9.974M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 267644 | $3.01 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.02 | 80061 | 42 |
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| S32 (ASX) Chart |