In the Annual report, Ended 30 June 2023 page 40 and 41. Hope this helps tally
Contingent Liability on Acquisition of Victory Bore Tenement In an Amendment to the Heads of Agreement for Sale of Tenement executed on 16 August 2018 between High Grade Metals Limited, Acacia MiningPty Ltd, Mutual Holdings Pty Ltd and Surefire Resources NL, it was agreed (among other terms) that:
1. Within 60 days of Surefire announcing to the ASX that it has obtained a pre-feasibility study that confirms that the subject tenement,namely Victory Bore, if developed as a mine, has an internal rate of return of not less than 20%, Surefire will pay an additional sum of$650,000; and
2. Within 60 days of Surefire announcing to the ASX that it has made a decision to mine within the Tenement area, Surefire will pay anadditional sum of $650,000.Other than noted above, these contingencies have NOT been included in the Financial Report and are subject to the respective conditions being metin due course
SRN Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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