Did a little bit more hunting around on the net and there are quite a lot of articles saying that:or
- New Hope will pay between 5-7% royalties on New Acland.
- New hope will pay up to 80% of royalties to themself.
Which seems a little contradictory. Also doesnt mean this is true! of course . The gist of the rationale seems to be:
- When NewHope leased/bought the land they offered to lease/buy the royalties as well. Im assuming some people accepted some didnt. That or there is a combination of some of the land where there title includes mineral rights and some where it does not.
I would like to think we will find out on first saleable ore from New Acland on the next quarterly activity report.
example additional article:
https://inqld.com.au/business/2022/09/01/most-acland-royalties-will-be-locked-away-from-government/
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Did a little bit more hunting around on the net and there are...
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