4. Apollo will retain its right to earn a 75% interest in the Eaglehawk JV area which is adjacent to the Commonwealth Hill JV area.
Look at Page 6 , Eagle hawk is much closer to Prominent Hill
Also, The Titan Base-Precious Metals Project is focussed on discovering a major IOCG deposit in a new frontier of the world class Gawler Craton. This project consists of:
• Commonwealth Hill Project JV (HPX earning up to 80% interest) • Eaglehawk JV (Apollo earning up to 75% interest) • Aurora Tank JV (Apollo earning up to 75% interest) In Gabon, Apollo has a 82.5% interest in the Kango North Iron Project.
So, IMHO , good deal.
AON Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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