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Korab Resources Boosts Royalties in Extended Geolsec Lease Sale Deal
1:27am on Monday 2nd of June, 2025 AEST
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Mining
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Korab Resources Boosts Royalties in Extended Geolsec Lease Sale Deal
1:27am on Monday 2nd of June, 2025 AEST
Key Points
Sale of Geolsec mineral lease ML27362 extended to November 30, 2025
Royalty rates increased from 10% to 15% for most minerals
Royalty on uranium and thorium raised from 1% to 1.5%
Original cash consideration of $4.35 million remains unchanged
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