PRL 0.00% 4.1¢ province resources ltd

PRL Media/news, page-2784

  1. 281 Posts.
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    I am still in the camp that this will get done by COB Wednesday 10th August 2022.

    Not that I have any other knowledge except my own judgement based off the wording of the last announcement.

    Highlights:
    • Negotiations on Joint Development Agreement (JDA) with Total Eren drawing to
    a conclusion
    • Short extension of 10-days to current Memorandum of Understanding (MoU) to
    finalise JDA terms

    Province Resources reports continued positive progress in negotiations with French
    company Total Eren for the development of the HyEnergy™ Project in the Gascoyne
    region of Western Australia.
    Given the advanced state of negotiations, both parties have elected for a short
    extension of the existing MoU, to 10 August 2022, to finalise the terms of the JDA.

    Province CEO and Managing Director David Frances said the Company had been
    focussed on ensuring the development agreement was in the best interests of
    Province shareholders.
    “The negotiations have taken longer than we hoped, but we are confident will be
    concluded soon,” Mr Frances said.
    “Our scoping study demonstrated the value of the HyEnergy™ Project and we look
    forward to moving into more detailed feasibility studies.”
    This announcement has been approved by the Board.

    All the best!

 
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