“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?
BRB Price at posting:
25.0¢ Sentiment: None Disclosure: Held
