NVA 1.64% 15.5¢ nova minerals limited

So, to answer your question more directly, here is a section...

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    So, to answer your question more directly, here is a section from the link I provided:

    "(e) Free Carry – Quantum will continue to fund the Projects through to completion of a
    bankable feasibility study, at which point if AKM decides not to contribute
    proportionately, its interest in Newco will dilute by an industry standard formula, to a
    minimum 15% and a 2% net smelter royalty.

    Mr Avi Kimelman, Managing Director of the Company holds a relevant interest in
    approximately 22.5% of the issued shares in AKM." (AKM is a private company)
 
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