So could be worth $20M AUD all up :) Transaction Highlights •...

So could be worth $20M AUD all up

Transaction Highlights

• Capwill Global shall pay the Company total cash consideration of US$7,500,000 (A$11,632,5001) as follows: o US$7,000,000 (or A$10,857,000) upon completion,
and US$500,000 (or A$775,500) subject to the satisfaction of certain Indonesian regulatory approvals, which are required to be satisfied within 1 year of execution of the Sale Agreement.

• The Company shall enter into a royalty agreement with PT Natarang Mining who wholly owns the Way Linggo gold project, pursuant to which PT Natarang Mining shall pay the Company a 2 % net smelter royalty, subject to a cap of US$7,500,000 including the applicable withholding tax.