CXO 0.54% 9.4¢ core lithium ltd

Banter and general comments, page-6664

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    extract from Market Index

    There are historical Ta-Sn mineral occurrence records across several tenements, and pegmatite have been mapped in the surface with regional geological mapping by previous explorers and government geologists.

    The agreement will see A8G acquire a 90% interest in the project from Prodigy for $150,000 cash consideration. Additionally, Prodigy Gold’s 10% interest will be free-carried until completion of a pre-feasibility study (PFS) with an NPV exceeding $100 million.

    Following completion of the PFS, Prodigy Gold will have the ability to elect to convert their 10% interest into a 1% net smelter royalty over the project, or pro-rata fund their interest in the project.

 
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