*Disclaimer

GWR GROUP LIMITED (ASX: GWR)

🔗 📄 📈

GWR: High-Grade Magnesium Resource Definition Drilling Commences

GWR GROUP LIMITED

2023-03-20 09:55:00

GWR: C3 High Grade Iron Ore Deposit Advancing

GWR GROUP LIMITED

2023-03-13 09:16:00

GWR: Iron Ore Royalties Strengthens GWR Balance Sheet - C4

GWR GROUP LIMITED

2023-03-10 09:48:00

GWR: GWR Improves Iron Ore Mining rights Agreement

GWR GROUP LIMITED

  1. GWR Group Ltd has entered into a further variation to the previously announced Binding Term Sheet to grant mining rights for the C4 Iron deposit and the transfer of its residual rights in relation to the JWD Iron deposit.
  2. As part of the agreed variation, GWR has agreed to substitute the obligations for GV to pay the sum of $5,000,000 on 19 March 2023 (together with interest) and to pay $15,000,000 upon the earlier of 19 January 2024 or the date immediately after GV has shipped or otherwise sold an aggregate of 1,000,000 tonnes of iron ore from the C4 deposit.
  3. The effect of the variation means that GWR will receive a minimum of approximately $52,000,000 from GV over the next 10 years compared to the minimum of approximately $20,000,000 GWR is entitled to receive from GV under the existing arrangement.

2023-01-11 12:43:00