The Honeymoon Uranium Mine and Kalkaroo Copper-Gold Project are both located on the 550 square km Kalkaroo Pastoral Lease ('KPL').
Ownership of the KPL currently rests with HAV 100%. The purchase price of $2.1 million was paid by HAV during 2014.
The reason the KPL was acquired by HAV was to eliminate land access issues from stopping or delaying the Kalkaroo Copper-Gold Project.
There may be another benefit (re: potentially clawing back 10% of mining royalties paid from the Kalkaroo Mine) for HAV shareholders in 'owning' the KPL should the Labor Government in South Australia be re-elected:
One to keep a watch on.
Cheers
These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional expert
Kalkaroo Pastoral Lease (Upside)
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