Westgold strikes new lithium royalties deal
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.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation