Thanks mate, I wasn't aware of this. The tests appear to have gone well and then resulted in a licence agreement for DYL to use upgrade?
I think this in itself makes the FID for Tumas pivotal for EL8. For 2 reasons, it provides some third party validation of upgrade and also could lead to revenue for El8 up to $17m USD per annum ($4.8/pound on year 3 production).
From Tumas DFS:
Licencing announcement:
https://api.investi.com.au/api/announcements/dyl/ee370f89-48a.pdf
Does this agreement still hold. I have not heard Murray talk about this recently?
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Last
24.0¢ |
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Mkt cap ! $95.43M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.3¢ | 24.0¢ | $88.39K | 356.4K |
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| No. | Vol. | Price($) |
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| 10 | 168445 | 24.0¢ |
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|---|---|---|
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| EL8 (ASX) Chart |