Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: KWG NOTIFIED OF CLIFFS ELECTION TO ACQUIRE UC INTEREST
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"Can someone clarify - if we don't buy in, are we still a 15% or 33.3% JV owner???"

15%.

Spider (CCFN) would take the whole 55%, and they already had 30% (2/3 of 45%).

If KWG does exercice its right of preemption, it would pay 2MM$ to get 18,33 % more, ie 33% total. (My understanding).

GLTA.

BaBe.

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