EVN 0.26% $3.89 evolution mining limited

Ann: Acquisition of 80% interest in Northparkes Copper-Gold Mine, page-14

  1. 3,423 Posts.
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    @loki01

    The Money of Mine boys raised an interesting question.

    As far as my research goes, there does not appear to be a buyback mechanism for the stream with Triple Flag.

    In the Triple Flag Asset Handbook dated November 2022 (see link below, pages 18-19) it states "Northparkes stream area covers 1,060 km2 which includes all mining and exploration licenses; the area is largely unexplored with limited drilling below 200 metres on mining licenses, highlighting the significant potential for buried porphyry deposits.

    Additionally, Triple Flag has a Right of First Refusal over any future streaming, royalty, or other similar agreement to participate in minerals extracted from the Stream Area."

    Source: https://s29.q4cdn.com/841442677/files/doc_downloads/other_documents/Triple-Flag-Asset-Handbook.pdf

    Cheers

    These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
    Last edited by Clark888: 06/12/23
 
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