Tribute Mining Agreement for Cannon Mine
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Westgold Resources Ltd has announced a tribute mining agreement for the Cannon Mine area, signed by its subsidiary HBJ Minerals Pty Ltd. The agreement allows HBJ to mine ore beneath the Cannon Pit and its extensions for a five-year period. Under the terms, HBJ will pay Southern for the rights to mine, including cash payments and royalties based on gold production. The Managing Director stated that this arrangement is beneficial for both parties and could significantly increase outputs in the coming months.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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