West Australia-based explorer E79 Gold Mines has gained an option to acquire the large-scale Mountain Home Copper-Gold Project in the Northern Territory.
For this transaction, E79 Gold Mines will have to make an upfront cash payment of $100,000.
Additionally, a further cash payment of $100,000 is due upon exercise of the option.
E79 Gold Mines will also pay a 2% net smelter royalty to NT Minerals, capped at a maximum of A$3m.
The total amount payable to NT Minerals Limited over four years is $200,000.
Upon making the final payment, E79 Gold will become the 100% owner of the Mountain Home Project.
Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free
sample
Your download email will arrive shortly
We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form
By GlobalData
Read More: E79 Gold options Mountain Home copper-gold project in Australia