Ann: AngloGold Rover 1 Clawback , page-3

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  1. 640 Posts.
    "AngloGold has advised Westgold that it elects to retain it's clawback rights over the Rover 1
    resource by nominating a 20.87km Area of Interest (AOI)"

    Looks to me like Anglo aren't excercising the option but simply retaining the ability to.

    Particularly when considered in conjunction with
    "If AngloGold exercise the option and completes all of the above Westgold retains a 25% interest in
    the tenement free carried to the completion of this revised Feasibility Study."

    So to me what this release says is anglo and wgr are arguing about
    a) who has the rights to EL24989
    b) who pays for the feasibilty study &
    c) whether the expiry is one month from completion of a feasibility study of 6 months from the JORC.
 
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