https://www.miningweekly.com
Gold|Projects|Resources
Gold|Projects|Resources
gold|projects|resources

Westgold strikes new lithium royalties deal

9th April 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Westgold Resources has struck a revised royalty sale agreement for the lithium royalties on its Mt Marion and Buldania projects, in Western Australia, with Silverstream SEZC.

Westgold in December of last year struck an initial agreement with Silverstream over the lithium rights of its projects, but later that same month received a competing offer from Cobalt 27 Capital for A$250 000 in cash and 200 t of cobalt metal in exchange for its lithium rights.

Westgold accepted the higher offer from Cobalt 27.

However, the miner on Tuesday said that the sales agreement with Cobalt 27 had expired without being completed, prompting the company to revise its royalty sale agreement with Silverstream.

Under the new agreement, Silverstream will acquire the Mt Marion lithium rights for A$13-million and the Buldania lithium rights for A$2-million. The Buldania agreement is subject to pre-emptive rights with Liontown Resources.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.22 0.261s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: