Just found this article by Iron Fortune. Interesting. http://www.ironfortune.com.au/wp-content/uploads/2023/11/SP-Global-Timor-story-29-11-2023.pdf In here it says that: "The new mining code allows for a four-year "exploration and evaluation" period that can be extended with three more two-year periods. Mining permits are set at 25 years and can be extended for another 25 years. The code allows the National Mining Company to take up to 30% in any mining permit." I'm assuming that means we might have to also give 30% of the JV to them? I'm not sure exactly what this entails. If anyone can elaborate, that would be awesome. And it does look like a JV with us and Iron Fortune.
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