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I believe when they announced the demerger and JV with Gangfeng...

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Saxon123

320 Posts.

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15/09/21

09:35

Post #: 56072166
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Originally posted by Corribus: ↑

*noting we are already off topic on this thread but you've raised something here I've been wanting to ask for a while.

Who actually owns the potential resource increase? Will it be Leo or the joint venture company? Or maybe FFX still owns surrounding land - I'm really not sure.

I would assume if Goulamina expands then it is considered part of the deal with Ganfeng, But if a new deposit is discovered 5 minutes down the road?

Keen to understand this if anyone knows - A question that didn't need to be asked with the gold side.

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I believe when they announced the demerger and JV with Gangfeng it was stipulated that the JV was just for the Goulamina resource and Leo Lithium will maintain sole rights to the remainder of the surrounding tenements. I could be remembering wrong though.

Last edited by Saxon123: 15/09/21

FFX Price at posting: 66.5¢ Sentiment: Buy Disclosure: Held
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