Will be interesting to see details of ex Rum jungle tenements that have been acquirred from David Muller, I suggest once announced, they may well get this one back on the move. Details of deal between Tenements owner David Muller & Wasabi Energy are as follows :
Tenements will be granted to WAS on the payment of $500,000 including an agreement to pay Mr. Muller a royalty of $1.00 per tonne of ore treated, And also have the right to acquire $250,000 of Wasabi Energy shares at 2cents (current valued added to deal $412,500) Total Cost to WAS at this present stage Approx $1 Mill. + Royalty.
David Muller ex founder of ASX companies Samantha Exploration * Now Resolute Mining, Sampson Exploration N.L., And Julia Mines * Now Deep Yellow.
Mr Muller has been exploring privately in the Northern Territory for the last 3 years ( Rum Jungle tenements) and has agreed to supervise the company's
WAS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
