RE: F-l-y-n-n Gold critical minerals potential enhanced with high-grade gold-cobalt-tungsten at Firetower27 Oct 2023 08:18
just as a reminder, or for anyone new to ggp, following the initial consideration paid by ***** gold for the firetower & warrentinna tenements in tasmania (a$200,000 to be satisfied by the issue of two million (2,000,000) ***** gold shares at a deemed issue price of a$0.10 per ***** gold share), the deferred considerations are:
i) a$500,000 upon the definition of a jorc-compliant mineral resource of at least 500,000 ounces of gold in aggregate within one or both of the tasmanian tenements (payable in cash or ***** gold shares, at ***** gold's election);
(ii) a$500,000 upon the issue of a permit to mine by mineral resources tasmania in respect of any part of the tasmanian tenements (payable in cash or ***** gold shares, at ***** gold's election); and
(iii) a 1% net smelter royalty payable to greatland in respect of any production from the tasmanian tenements.