1MC 3.33% 2.9¢ morella corporation limited

Ann: Agreement Signed with Sayona for Pilbara Lithium Assets, page-76

  1. 18,753 Posts.
    lightbulb Created with Sketch. 3942
    Thanks Elkal !
    See also @FatDad post 17/03/16 https://hotcopper.com.au/posts/17298985/single
    E45/2364 is part of the Turner river project, held by De Grey Mining, with Attgold holding pegmatite rights on only one of the tenements.

    The tenement seems to have been through a few ownership dynamics .....and De Grey seems very well placed to participate in area-related bounty of any kind?



    Here’s some more back story to hot spot ‘2364’.....
    (I wonder why Attgold retained pegmatite rights to that license only?)
    Cheers

    De Grey Trading Halt 17/03/16 to clarify ownership
    @doodledog DEG https://hotcopper.com.au/posts/19715513/single ASX announcement 21/3/16, page 2.
    “De Grey would like to clarify that it is the owner of E45/2364. dd(Tabba Tabba ).
    Attgold retained the pegmatite related rights on this tenement only. The pegmatite rights give Attgold rights to explore on the tenement for pegmatite minerals, which in turn are defined as “tin, tantalum, niobium, lithium, cesium and non-gold bearing
    or base metal bearing aggregate.”
    This is as a result of the previous acquisition of this tenement by De Grey from Attgold,whereby Attgold retained the pegmatite rights, subject to various clauses of priority, access and normal statutory requirements.”




    Ownership hiccup?
    See @satellites DEG 8/10/16 https://hotcopper.com.au/posts/19716173/single
    ...In De Grey’s opinion, the rights are not yet assigned as Attgold has not yet provided De Grey with a covenant from the assignee (Sayona) to be bound by the terms of the agreement

    IMO all this means DEG might be first in line to buy the lithium rights on E45/2364

    "De Grey also wishes to clarify that it owns all mineral rights within the adjacent E45/2533 including all pegmatite related rights (Figure 2)."
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.