MXR maximus resources limited

Ann: Quarterly Report and Appendix 5B, page-2

  1. 746 Posts.
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    This is encouraging!

    The Mill seems to be operating satisfactorily and, hopefully, profitably.

    At least MXR retains the right to reserve 25% of any lithium rights and income therefrom after the sale to Lepidico, unlike the unfortunate case of MLM which sold 100% of its valuable lithium prospect to AUZ for a fixed sum (pittance) and without any retained exposure to future upside.

    I wonder what the agreement says about the position should Lepidico find significant gold or nickel in the course of its search for lithium. Does MXR have to reimburse some of its exploration costs, I wonder, or just gratefully receive the fruits of the Lepidico discovery free of charge.
 
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