Ann: Iron Ore Royalties Strengthens GWR Balance Sheet - C4, page-7

from unauthorised investment advice

GWR GROUP (ASX:GWR)The savvy iron ore play is raking in cash after receiving the first two monthly payments (inclusive of royalties) totalling $1,512,000 from the C4 deposit.GWR sold the mining rights at its C4 iron ore deposit – 1 of 13 high grade deposits at the 131Mt @ 60% fe Wiluna West project – to private company Gold Valley Iron Ore mid 2022.It previously traded the rights to mine the high grade JWD deposit to fellow ASX-listed junior CuFe (ASX:CUF).GWR will receive ~$756,000 per month from GV for a minimum $52m over the next decade, it says.Meanwhile, external parties have expressed positive interest to either purchase a portion of the 11 remaining iron ore deposits or to acquire the mining rights, GWR says.It now has a growing cash pile of $14m, which it will use to investigate and fund potential new acquisitions. The company is currently reviewing several opportunities, it says.The $30m capped stock was punished last year, down 50%, but has staged a nascent comeback in 2023.