“Australasian and Prodigy Gold have entered into a binding SPA, whereby Australasian will acquire a 90% interest in the Burrow Creek lithium project from Prodigy for $150,000 cash consideration. Additionally, Prodigy Gold’s 10% interest will be free-carried until completion of a pre-feasibility study (PFS) with an NPV exceeding $100 million. Following completion of the PFS, Prodigy Gold will have the ability to elect to convert their 10% interest into a 1% net smelter royalty over the project, or pro-rata fund their interest in the project.”
a8g announcement from a few days ago … manna must be fairly decent given the cash and shares brb received
did aop hit their timelines or produce an economic study?
- Forums
- ASX - By Stock
- BRB
- Ann: Lake Roe Gold Project Mineral Resource Update
Ann: Lake Roe Gold Project Mineral Resource Update, page-99
-
-
- There are more pages in this discussion • 21 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 BRB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online