HGO hillgrove resources limited

Ann: Transfer of Kanmantoo Royalty, page-3

  1. 976 Posts.
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    Heya folks

    For the next circa 7yrs (at current production of 12 to 14ktpa ), HGO will pay 2.5% royalty (approx $3m) to vox after milestone cumulative production of 85kt net smelter return, the royalty will reduce to .5%.

    So the royalty is for both copper and gold production right (NSR)?

    Can anyone please explain how this royalty works WRT HGO, land owning, mineral rights etc?
 
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