E25 2.44% 21.0¢ element 25 limited

who owns 10pc

  1. 3,553 Posts.
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    aswwon4
    Got an email back from Justin and with regards to your question, He said. "To clarify, the acquisition of the Mt Padbury licence occurred in three steps. We initially acquired 90% of the licence from IGO excluding iron ore rights and then did a subsequent deal to acquire the excluded iron ore rights from IGO.
    Through both of these arrangements, Dolphin retained 10% interest in the licence. With this final agreement, we acquired Dolphin's interest, so we now hold 100%of the licence with royalties payable to IGO per the recent releases."
    I hope you are satisfied with the answer
    Regards Dabru
 
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