KRI want to correct my error and possibly answer your question.
Firstly my error was regarding exploration tenements v mining lease area. I am sure you noted this.
As you know AMN does not yet have a ML and I agree they were clever in deferring their application.
AMN has 4335km2 of exploration tenements. From the map it would appear that approx 20% is in the NT.
If we assume their ML will cover the surface area of the lake bed within WA then 80% of 4335km2 is 346800 Hectares.
Note that this is a big assumption. The current RWD ML is over 3469H yet the evaporation ponds as per the PFS are 4772H.
The initial saving in ML fees is $18.70 per year.
The AMN/RWD WA royalty difference is A$24.27/T.
The reduction in ML fees will not offset the wishful thinking 73 cents/T royalty rate.
Cheers
