Check the III ASX announcement:
"Icon Acquires Rights to the Mount Carbine Tungsten Mine
Icon Resources’ Board of Directors is pleased to announce that the company has secured the rights to explore and mine tungsten at the Mt Carbine tungsten mine in northern Queensland. The innovative agreement allows for the current owners to continue their quarry business while Icon can extract and process the tungsten mineralisation."
Comment:
Now what can one say about how RAU handled the Mt. Carbine deal? Doing drilling etc. etc. etc. and yet as it turned out - no firm purchase price or firm option to purchase - just an option to negotiate a purchase.
mount carbine is lost ...
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