ARV 7.14% 1.5¢ artemis resources limited

Valuation, page-15

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    If you read back on past ANN for DEG You will c in relation to acquisition right 100% to Indee Gold


    12 Month Option Period to Acquire

    De Grey has
    exclusive 12 month Option Period
    to evaluate and explore.

    Option cost of $100,000 (non refundable) and $600,000 expenditure in 12 months.

    De Grey may elect to acquire 100%
    of Indee Gold Pty Ltd.

    Final acquisition cost of $15M within 18 months.

    Vendor is Australian subsidiary of large Chinese SOE - Northwest Nonferrous
    Australian Mining Pty Ltd
 
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