To quote (from the RNS 20/12/2022) "The agreement comprises the sale of all the shares and associated loans in Aftan for cash consideration of USD13,000,000. Kazera will retain the right to receive a debenture payment equivalent to 2.5% of gross sales of produced Lithium & Tantalum for the life of the mine."
I've added the JORC report in the article, which shows the Inferred/Indicated potential volumes.
Is the 2.5% royalty figure correct?
Hi Damofarl I just double checked it and yes.
To quote (from the RNS 20/12/2022) "The agreement comprises the sale of all the shares and associated loans in Aftan for cash consideration of USD13,000,000. Kazera will retain the right to receive a debenture payment equivalent to 2.5% of gross sales of produced Lithium & Tantalum for the life of the mine."
I've added the JORC report in the article, which shows the Inferred/Indicated potential volumes.