3rd Quarter Royalty from Deception Hill Increased by 2.5 Times
(firmenpresse) - Highlights:
- Royalty payment due for the September quarter is $646k
30 October 2019 - Fe Limited (ASX: FEL) (FEL or the Company) is pleased to advise that the iron ore royalty payment for the September quarter from mining conducted by Mineral Resources Ltd (ASX: MIN) at its Deception iron ore mine, has increased 2.5 times from the June quarter payment with the Company to receive $645,775.
FEL holds a 1.5% Dry Metric Tonne, FOB Royalty (Evanston Iron Ore Royalty) in respect to M77/1259 that is located approximately 20kms north of the Windarling mine. The Evanston Iron Ore Royalty area is located in the Southern Yilgarn Iron Province of Western Australia.
Commenting on the increased royalty payment Non-Executive Chairman, Tony Sage said The significant increase to our royalty payment for the September quarter allows the Company the flexibility to expand our drilling activities at the prospective Hillside Project.
Yours faithfully
FE LIMITED
Tony Sage
Non-Executive Chairman
For further information please contact:
Investor Relations
+61 8 6181 9793
ir(at)felimited.com.au
Fe Limited ABN: 31 112 731 638
32 Harrogate St, West Leederville, Western Australia 6007
Phone: +61 8 6181 9793
Email: admin(at)felimited.com.au
Leseranfragen:
Datum: 30.10.2019 - 11:08 Uhr
Sprache: Deutsch
News-ID 601387
Anzahl Zeichen: 1431
contact information:
Town:
Wien
Kategorie:
Business News
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"3rd Quarter Royalty from Deception Hill Increased by 2.5 Times
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