ZNC have done two deals with ARR. The first one involved selling...

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Android789

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19/01/22

20:55

Post #: 58989111
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Originally posted by billmac: ↑

Android this the transaction?
10 June 2021 Acquisition of Scandium Minerals Rights at the Split Rocks Project in Western Australia.
The Option is subject to the payment by ARR of an option fee and milestone payments as follows:
A$50,000 within 7 days of execution (“Option Fee”); and
(a) A$400,000 worth of ARR shares within 6 months of execution;
(b) A$100,000 following an ARR ASX Release of a JORC Scandium Mineral Resource containing no less than 10m metric tonnes at an average grade of at least 50 ppm of scandium; and
(c) 5,000,000 ARR shares on the grant of a Scandium Mining Lease (“Milestone Payments”).
The Scandium Tenement is 100% owned by Zenith via a wholly owned subsidiary, Black Dragon Energy (Aus) Pty Ltd.
The Option is also subject to a commitment by ARR to fund exploration related expenditure of at least A$10,000 during the Option Period.
Upon exercising its Option to acquire the scandium project, ARR agrees to pay Zenith a royalty of 3% of the net smelter generated from any Scandium Minerals or Scandium Mineral Resources

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ZNC have done two deals with ARR. The first one involved selling it's Wyoming REE asset to them for 2.5m shares at .02c and some cash. The next one is the option you've posted. I have not seen assay results from any follow up work done by ARR at Split Rocks - but their shares have been rocketing up. EVM also mentioned they want rare earth supply and obviously are now major investors in the area. DYOR and speculate as you will on that
**note - scandium sells for about US$1,000 per kg!! Even a 3% smelter fee is going to make some nice cashflow should they get a mine up.

ZNC Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change 0.000(0.00%)		Mkt cap ! $12.35M

Open	High	Low	Value	Volume
3.0¢	3.0¢	3.0¢	$420	14K

Buyers (Bids)

No.	Vol.	Price($)
1	86000	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	30250	1

View Market Depth

No.	Vol.	Price($)
1	86000	0.030
1	188000	0.029
2	190000	0.028
1	100000	0.027
1	50000	0.025

Price($)	Vol.	No.
0.040	30250	1
0.043	44117	1
0.000	0	0
0.000	0	0
0.000	0	0

Last trade - 10.08am 18/06/2025 (20 minute delay)

ZNC (ASX) Chart

ZNC have done two deals with ARR. The first one involved selling...

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ZNC have done two deals with ARR. The first one involved selling...

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