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Meridian Mining UK Societas T.MNO

Alternate Symbol(s):  MRRDF

Metals & Mining Industrial Metals & Minerals
Meridian Mining UK Societas is focused on development and exploration of the advanced stage Cabacal VMS gold-copper project, regional scale exploration of the Cabacal VMS belt and exploration in the Jauru & Araputanga Greenstone belts (the above all located in the state of Mato Grosso, Brazil). The Cabacal Project has licenses covering approximately 50 kilometers (km) of the 55 km VMS belt. The Espigao Project is located on the southwest margin of the Amazon Craton, in the western margin of the Proterozoic Rondonia-Juruena Province. The Company’s Espigao Project covers an area of 72,800 hectares. The Company holds mineral rights totaling 55,559 Ha in the Mirante da Serra Project. The licenses cover an area with an intracratonic basin in the Amazon Cratin, emplaced over crystalline basement rocks of the Jamari metamorphic complex and Mesoproterozoic Rapakivi granites. Its Ariquemes Tin Project comprises a land package in Brazil.


TSX:MNO - Post by User

Meridian Mining UK Societas
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Comment by TFSAfundson Aug 26, 2020 10:54pm
97 Views
Post# 31458735

RE:RE:RE:RE:RE:RE:Sorry

RE:RE:RE:RE:RE:RE:SorryGrimey... I now positive! From the original document, the 2% NSR...

USD 3.2M loan to Cancana Resources Corp2 (“Cancana”) converted to a 2% net smelter return royalty covering each of the following projects :
o 2% on Espigo polymetallic;
o 2% Mirante da Serra manganese;
o 2% Ariquemes tin; and
o 100% of the royalty on each project can be bought back for USD 2.0M.

TFSAfunds wrote: Grimey... I'm not positive, but I don't think the 3% net smelter royalty applies to new projects. It only covers the segregated Brazilian portfolio of the existing assets/claims. By the way, wasn't the manganese going to be huge, then the tin was going to be huge, then the gold was going to be huge, then..., then,...   Grimey, I'm still waiting for one of these "huge's" to actually happen... lol 


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