Royalties

The examples of potential final products that could be produced by the Mt Thirsty Cobalt Project are not currently produced within Western Australia. There is uncertainty as to what royalty the State Government may apply to an intermediate cobalt product but a pessimistic rate would be 4% and an optimistic rate would be 2%.

A NSR royalty of 1.75% is payable to the previous owners of the tenement (E63/373) for any ore mined from the tenement.