NickelSearch has also entered into an Agreement with Mining Equities Pty Ltd (Mining Equities) to acquire 100% interest in E 74/762 and P 74/387. Transfer of E 74/762 is subject to Ministerial consent, which will be sought immediately.8ASX:NIS | nickelsearch.comThe material terms of the Agreement is as follows: • Upfront share consideration: $600,000 in NIS shares issued at settlements based on the 30-dayVWAP before the announcement of the execution of this agreement; and • NSR Royalty: Mining Equities are granted a 1.00% NSR royalty over lithium won from the tenements. NickelSearch may reduce the royalty to 0.50% by paying Mining Equities $5,000,000.
