I liked when a stock I am holding planned & execute possible future expansion in their existing project.
But with this acquisition requirements, I am not sure if it is the best way to grow the existing projects in Yinnetharra.
I prefer DLI management progress further Yinnetharra project first before doing this acquisition.
"Minimum exploration requirements "
In each 12-month period following completion for a period of 3 years from completion, DLI must expend a minimum of 50% of the annual statutory expenditure requirement of the Tenements (which is A$280,000 per annum as at the execution date) on exploration over the Tenements for the LCT Minerals.
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- Ann: Delta acquires LCT Mineral Rights at the Lyons River Project
Ann: Delta acquires LCT Mineral Rights at the Lyons River Project, page-2
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