Macarthur Minerals (ASX:MIO) received the final and third payment of AU$250,000 from Gold Valley Yilgarn under a binding agreement granting Gold Valley the right to mine hematite ore from Macarthur's Lake Giles Ularring project in Western Australia, according to a Thursday filing with the Australian bourse.
The payment was due Dec. 31, 2024.
Macarthur will receive a royalty of AU$1 per tonne for all additional tonnes mined for the life of the mine after an initial 2 million dry metric tonnes.
Under the agreement, Macarthur will receive milestone payments of AU$5 million upon the extraction and sale of 1 million dry metric tonnes as well as another AU$5 million upon the extraction and sale of an additional 1 million dry metric tonnes of direct shipping ore by Gold Valley from the project.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。