Garry,
That's correct. The original alliance was with Zinifex, pre-Oz Minerals changeover.
Then OZL pulled out. Here's the relevant DRK ann at the time:
http://www.asx.com.au/asxpdf/20081022/pdf/31d1b5qrsf2624.pdf
Drake to advance Oz Minerals' Alliance Projects
22 October 2008
"As a result of a recently completed strategic review of its global portfolio, Oz Minerals has agreed to transfer all of its rights, titles and interests in the properties to Drake at no cost to Drake to fulfil its outstanding commitments."
At the time OZL was granted a preferred partner status with first right of refusal should Drake wish to introduce a partner. I'm not sure what went on behind the scenes between then and the Royal Falcon ann in April 2009, but it my guess is OZL simply had too much on their plate to worry about and passed on their option, allowing RF in the door.
Then came the JV ann between DRK and Royal Falcon ann on 7 April 2009"
http://www.asx.com.au/asxpdf/20090407/pdf/31gz4zlqg2m1m6.pdf
It states:
"Previously the projects were subject to an alliance agreement between Drake and Oz Minerals. Oz Minerals spent around A$2 million in Sweden on exploration and project generation through the alliance. The involvement of Oz Minerals was critical in the partners securing the much sought after Falun project. Despite advanced plans for a major exploration campaign, Oz Minerals recently withdrew from the alliance agreement with Drake owing to a change in strategic direction. As part of a termination agreement with Drake, Oz Minerals retain no on-going right in relation to the Falun and Bersbo projects."
Cheers
- Forums
- ASX - By Stock
- AS1
- billions of pounds of copper + gold
billions of pounds of copper + gold, page-31
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AS1 (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $8.821M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $159 | 15.86K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.011 |
2 | 3084133 | 0.010 |
5 | 898729 | 0.009 |
7 | 1225052 | 0.008 |
6 | 2583375 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 200000 | 1 |
0.013 | 71400 | 1 |
0.014 | 145000 | 3 |
0.015 | 952629 | 3 |
0.020 | 398000 | 1 |
Last trade - 09.59am 23/08/2024 (20 minute delay) ? |
Featured News
AS1 (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online