GDA good drinks australia ltd

st barbara aalliance with gondwana

  1. 3,267 Posts.
    An interesting extract from the annual report I wasn't aware of......page 7 quote "Gondwana intends to complete its commitments under the terms of its Exploration Alliance with St Barbara
    Limited (2003 agreement with Sons of Gwalia group assigned to St Barbara in 2006) by Q4-2008, by which time
    Gondwana will have reached its expenditure commitment of $3.0M over the tenements. In the meantime, St
    Barbara retains the right to toll treat any gold reserves identified by Gondwana; has the right to purchase a 51% -
    60% interest in any tenements hosting gold reserves by reimbursing Gondwana 3 – 5 times its total expenditure
    under the terms of the agreement; and retains nickel rights in respect of the Alliance tenements (see Figure 7). end quote.
 
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