Lpd are doing a farm in agreement,only first staged payment has been received so far as far as I know.Lpd can earn up to 75% by staged payments over time.Mxr can elect to keep the last 25%.If the decision was ever made to mine.Then mxr would have to contribute to development and mining costs.Until that stage we are free carried.The first payment was made at $80000 worth of lpd shares.Second payment will be $120000 cash or shares third payment $150000 cash or shares.The final payment will be $400000 in cash or 50% in cash and 50% in shares.If mxr decide to sell off the last 25%.These payments are at the discretion of lpd.The Spargoville project contains Larkinville,Landor and Lefroy lithium prospects.Now been named Moriarty project.So yes Larkenville is also part of this package.
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3.2¢ |
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Price($) | Vol. | No. |
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