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Elemental Royalties notes Dubai 2020 offer to acquire Panton Project
Elemental Royalties notes Dubai 2020 offer to acquire Panton Project Canada New...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"ElementalRylts-Panton\n \n \n \n Elemental Royalties notes Dubai 2020 offer to acquire Panton Project\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 13, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 13, 2020\n \n /CNW/ - Elemental Royalties Corp. (\"\n \n Elemental\n \n \" or \"the\n \n Company\n \n \") (TSXV: ELE) notes that Panoramic Resources (ASX: PAN) has entered into an agreement to sell the Panton PGM Project and associated tenements (Panton) to\n \n Dubai\n \n 2020 Limited or its nominee (\n \n Dubai\n \n 2020). Elemental acquired a 0.5% NSR royalty on Panton in 2017.\n \n \n For complete details please refer to the Panoramic Resources website (\n \n www.panoramicresources.com\n \n ).\n \n \n \n \"We are excited to see serious interest in the Panton project.\"\n \n commented\n \n Frederick Bell\n \n , CEO.\n \n \"With palladium prices sustained at near record highs, we look forward to seeing Panton progress towards development.\"\n \n \n \n \n \n Transaction Overview\n \n \n \n \n \n The terms of the Agreement will see\n \n Dubai\n \n 2020 acquire an 80% interest in Panton for\n \n A$12 million\n \n cash.\n \n Dubai\n \n 2020 has the right to acquire the remaining 20% of Panton with a further\n \n A$3 million\n \n payment\n \n \n A non-refundable deposit of\n \n A$200,000\n \n has been paid by\n \n Dubai\n \n 2020 to gain exclusivity until\n \n 5 December 2020\n \n , undertake further due diligence, and negotiate formal documentation\n \n \n \n \n \n Panton Asset Highlights:\n \n \n \n \n \n Panton is located is located about 60km north of Halls Creek, near to the Great Northern Highway in the East Kimberley region of\n \n Western Australia\n \n \n \n The project has a Resource of 14.3Mt at 2.19g/t Pt, 2.39g/t Pd, 0.31g/t Au (~2.2Moz contained Pt, Pd, Au) and consists of high grade platinum and palladium mineralisation within a number of stratiform reefs within a layered mafic / ultramafic intrusive\n \n \n \n \n About Elemental:\n \n \n \n Elemental is a gold focused royalty company with a port...