Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-216

Because ARL’s tenements are separately grouped into different locations and named as such, many potential investors do not fully realise that ARL did not “give away” 50% of its global MRE.

ARL traded just 25% of its global MRE for all the financial, economic, institutional and political benefits that the JC will bring with them to ARL.

The JC are in a very privileged and exclusive club where the members rub shoulders with international movers and shakers.

ARL’s BOD will have witnessed that for themselves at meetings with the JC. With that sort of connections to the world of power and money, 25% MRE is a fair price to pay.