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Korab Spin-Offs 2 Gold Companies
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WINCHESTER MAGNESIUM DEPOSIT SALE
stocknessmonster.com/news-item?S=KOR&E=ASX&N=620111
$16.6 million of the consideration ($1 per tonne of resource) will be payable on completion of
the sale and an additional $1 per tonne per tonne of resource ($16.6 million) will be payable as a
royalty on each tonne of magnesite mined from the deposit. The amount of royalties will be
capped at $16.6 million. The agreement is binding upon the parties but is subject to the
following conditions precedent to be fulfilled by 31 March 2013:
stocknessmonster.com/news-item?S=KOR&E=ASX&N=620111
$16.6 million of the consideration ($1 per tonne of resource) will be payable on completion of
the sale and an additional $1 per tonne per tonne of resource ($16.6 million) will be payable as a
royalty on each tonne of magnesite mined from the deposit. The amount of royalties will be
capped at $16.6 million. The agreement is binding upon the parties but is subject to the
following conditions precedent to be fulfilled by 31 March 2013:
123,214,927 Aktien
17,86 M AUD - $16.6 million = 1,26 M AUD
Goldprojekte : 2,38 M Unzen / 1,88$ Oz
www.asx.com.au/asxpdf/20121105/pdf/42b00frm48kfzv.pdf
17,86 M AUD - $16.6 million = 1,26 M AUD
Goldprojekte : 2,38 M Unzen / 1,88$ Oz
www.asx.com.au/asxpdf/20121105/pdf/42b00frm48kfzv.pdf
Exceptional economics of 2mln ounce Au project
General Update
07-03-2013
Korab Resources Announces Exceptional Economics of Bobrikovo Gold Project
Korab Resources provided an update regarding the estimated capital and operating cost for Stage 1 of the development of the Bobrikovo gold project, reporting that gross profit is estimated at $11.5m per annum (equivalent to 7,670 ounces gold per annum) and production is estimated at 11,730 ounces gold in concentrate per annum. Other highlighrs include: the mineral resource increased to +2Moz gold over two years; 330,000t of ore mined and stockpiled by the company ready for processing; and all permits and approvals for the development of the oxide zone and gravity extraction have been secured and are in hand.
www.theage.com.au/business/under-the-radar/...30215-2eh6z.html
General Update
07-03-2013
Korab Resources Announces Exceptional Economics of Bobrikovo Gold Project
Korab Resources provided an update regarding the estimated capital and operating cost for Stage 1 of the development of the Bobrikovo gold project, reporting that gross profit is estimated at $11.5m per annum (equivalent to 7,670 ounces gold per annum) and production is estimated at 11,730 ounces gold in concentrate per annum. Other highlighrs include: the mineral resource increased to +2Moz gold over two years; 330,000t of ore mined and stockpiled by the company ready for processing; and all permits and approvals for the development of the oxide zone and gravity extraction have been secured and are in hand.
www.theage.com.au/business/under-the-radar/...30215-2eh6z.html
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