GREY:RNKLF - Post by User
Comment by
Centreholdon May 18, 2019 5:02pm
82 Views
Post# 29758726
RE:RE:I don't want disturb the pumping crew with the facts, but ..
RE:RE:I don't want disturb the pumping crew with the facts, but ..Nice try but nothing clandestine going on here with this sub-lease agreement. Dec. 24 2025 is simply the end date of SIGMC's (Australian subsidiary of Gold Fields) Mining Tenement, therefore the end date of the sub-lease is maximum term length that Gold Fields could extend to RNC. SIGMC has held the lease since Dec. 23 2004. If RNC hasn't sold Beta Hunt by 2025 they could apply for the mining lease themselves. According to the Government of Western Australia's website, "The term of a mining lease is 21 years" (
https://www.dmp.wa.gov.au/Minerals/Mining-Tenements-explained-5145.aspx).
ProfBaIthazar wrote: The Beta Hunt Mine was acquired by SLM in 2013 for A$10M after securing gold mining rights from Gold Fields Limited for the specified period of time. The mining tenements on which the Beta Hunt Mine is located are held by Gold Fields Limited. SLM operates the Beta Hunt Mine by virtue of a sub-lease agreement with Gold Fields Limited. $RNX has 100% interest in Salt Lake Mining Pty Ltd.
2025 is the end of the lease - 6 years and RNX will kiss Beta Hunt goodbye!
https://i.postimg.cc/fLdgMnsZ/kiss-BHgoodbuye.jpg