Investor Presentaiton
Bryah Basin Manganese Joint Venture
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Strategic A$7.3 million Farm-In/JV agreement with OM Holdings Limited
subsidiary OM (Manganese) Limited (OMM).
The Farm-In/JV applies to Manganese Mineral Rights only.
The Agreement includes:
✓ $1.0 million paid by OMM in 2019 for initial 10% JV interest; plus
✓ $2.0 million may be spent by OMM on project expenditure by 30 June 2022,
for OMM to earn a further 41% JV interest,
✓ $0.5 million spent - OMM now at 20% JV interest and committed to next
$0.5 million spend to increase to 30% JV interest
$1.8 million of additional project expenditure by OMM, at Bryah's election,
for OMM to earn a 60% JV interest, and
$2.5 million of additional project expenditure by OMM, at Bryah's election,
for OMM to earn a 70% JV interest.
Bryah is the Project Manager until OMM has earned a 51% JV interest.View entire presentation