KNG 9.09% 20.0¢ kingsland minerals ltd

Ann: First Holes Intersect 150m of Graphite Schist at Leliyn, page-39

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    need to check how many this applies to but these are some of the triggers for performance rights

    Performance shares
    The performance shares will convert into fully paid ordinary shares upon the satisfaction of any one of the following milestones
    before the expiry date, being 31 May 2027:
    (i) Uranium Resource
    The announcement or announcements by the Company to ASX that the Company has defined in aggregate Mineral
    Resources of at least 2,000,000 pounds of U3O8 at a minimum grade of 250ppm U3O8 on any of the Tenements, which
    is prepared and reported in accordance with the JORC Code; or
    (ii) Gold Resource
    The announcement or announcements by the Company to ASX that the Company has defined in aggregate Mineral
    Resources of at least 32,000 ounces of gold at a minimum grade of 1.0g/t of gold on any of the Tenements, which is
    prepared and reported in accordance with the JORC Code; or
    (iii) Copper Resource
    The announcement or announcements by the Company to ASX that the Company has defined in aggregate Mineral
    Resources of at least 10,000 tonnes of copper at a minimum grade of 1% copper on any of the Tenements, which is
    prepared and reported in accordance with the JORC Code.
 
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23.5¢ 23.5¢ 20.0¢ $26.76K 121.4K

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