That’s incorrect…
It’s 4.5m by December 2024. $4.5m by injection incense issue / FID. And then a 2% royalty stream on project over its lifetime until $7.5m has been met.
The initial payment of $4.5m is staged over 3 payments too
refer to recent announcements Mondo
*WA urges Albanese to back carbon storage*, page-9
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