I don't think that's the Jaime Project. The boundaries look different (see below map). If you re-read the original 15 September 2023 market release, the tenement 833033/2023 you mention is what OZM described as "A large scale underground pegmatite mine is operating on the western boundary of the Project area." The project area being the whole of tenement 833042/2013 as I see it. Pacheco was said to hold the mineral rights to 833042/2013, and the deal was to partially give those rights to OZM so far as they related to Jaime only. Point six of the key terms to the deal indicates this: "Upon payment of the Consideration, the Vendor is to make application to the Agencia Nacional De Mineracao to have the Mineral Rights excised from Mining Concession 833042/2013 and a new tenement/s granted (New Tenement). The unencumbered title to the New Tenement/s will then be transferred to the Purchaser pursuant to the terms of the Mineral Rights Agreement." So I guess that the vendor couldn't give clear title to OZM for whatever reason, so the deal fell through. Note that the vendor is Pacheco but the title holder is COOPERATIVA DOS GARIMPEIROS E ESTRATIVISTA DO VALE DO RIO DOCE LTDA - COOPEG. What prior dealings and obligations that existed between these two parties may have had something to do with Pacheco being unable to produce clear title to Jaime.
- Forums
- ASX - By Stock
- Ann: First Drill Hole Started in Brazil
I don't think that's the Jaime Project. The boundaries look...
-
- There are more pages in this discussion • 143 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OZM (ASX) to my watchlist
|
|||||
Last
5.0¢ |
Change
-0.004(7.41%) |
Mkt cap ! $7.938M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 4.9¢ | $11.18K | 222.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 413345 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 15855 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 413345 | 0.050 |
1 | 859 | 0.045 |
1 | 12000 | 0.043 |
1 | 14100 | 0.042 |
1 | 24390 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 15855 | 1 |
0.060 | 21363 | 1 |
0.065 | 54400 | 2 |
0.070 | 100000 | 1 |
0.072 | 27900 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
OZM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online