Taking a punt on Pilbara..
IRON ORE CLAIMS – EAST PILBARA
Royal Resources Limited (“Royal”) wishes to advise the
sale of exploration licence applications from Ragged
Range Mining Pty Ltd (“RRM”) to Royal.
EL No’s 47/1611, 47/1612, 47/1613, 47/1614 and 47/1615
will be transferred when all statutory conditions have been
met from the applicant RRM, a company controlled by P G
Crabb, a director of Royal.
There is no consideration for the transfer save and except
the reimbursement of pegging and application costs as well
as legal fees for documentation. The figure for application,
rent and advertising totals $12,870 the legal fees are not
known at this time but expected to be minimal.
All the claims are in the iron rich province of the East
Pilbara being strategically placed with good hematite grade
chip samples evident.
EL 47/1615, is the subject of another tenement application
will be determined by another party on the same day and
both competing applications by ballot in accordance with
the provisions of the Mining Act 1978. The Purchaser
further acknowledges that the result of the ballot may not
be in favour of application of exploration licence 47/1615,
in which case that application will be refused and will no
longer be included in the Applications. Should the ballot
not be won by RRM the area hatched on the attached
maps will be retained being a total of 37 square kilometres.
Should the ballot go in favour of RRM all the area being a
total of 181.5 square kilometres will be available to Royal
for exploration.
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