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Korab Resources Advances $4.35M Sale of Geolsec Mineral Lease Amid Regulatory Checks
9:02pm on Tuesday 31st of March, 2026 AEDT
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Mining
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Korab Resources Advances $4.35M Sale of Geolsec Mineral Lease Amid Regulatory Checks
9:02pm on Tuesday 31st of March, 2026 AEDT
Key Points
Sale of Geolsec mineral lease ML27362 for $4.35 million cash plus royalties
Transaction shifted from dissolved Leka II Shipping to Leka Fertiliser Shipping Pty Ltd
Royalty rates increased to 15% for most minerals, 1.5% for uranium and thorium
Sale subject to potential ASX shareholder approval by early May 2026
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