Ore treated at the Paddington mill in the March Quarter was 425,000t and is subject to royalty payments of $212,500. Intermin anticipates further royalty payments on a quarterly basis for material scheduled by NGF to be treated.
Going be very interesting how many tonnes of ore will be processed by NGF with an indicated GOLD resource of 8.36mt >> 3.3mt processed to date >> be great to get $212k per qtr for the next several or so
Saracen has recently completed a small pre-feasibility drill program on the Lehmans Gold JV and is planning further exploration drilling in the project area in the June and September Quarters in 2018.
(IRC 10% free carried to mining)
500,000 unlisted options (25c strike expiring 31 August 2019) were issued to Fivemark Partners as an equity alignment fee as part of their media advisory services agreement.
$4.29mill to come if 17c IRCOA are fully exercised
IRC Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held