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Focus Minerals Ltd (FML.AX)

FML.AX on Australia Stock Exchange

0.41AUD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Focus Minerals says it has renegotiated a royalty over its Lancefield Gold Project with South32 Royalty Investments
Wednesday, 29 Mar 2017 03:08am EDT 

Focus Minerals Ltd : revision to Lancefield royalty . focus and South32 agree to revised royalty . renegotiated a royalty over its lancefield gold project with South32 Royalty Investments Pty Ltd . Following renegotiation, focus is in process of planning a substantial exploration program on project . can reduce its royalty obligation to 2% of revenue of ore mined from tenements by spending $6 million .to encourage exploration activity and increase possibility of payment under royalty, a revised royalty has been renegotiated.  Full Article

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