General discussion, page-146

arent we classified as "ML holders" for mineral roylaties ?

1) KCN "statement": https://www.kingsgate.com.au/wp-content/uploads/2022/01/2329657.pdf




2) Statement: https://www.lexology.com/library/detail.aspx?g=ba9d1c0b-1297-447a-a6ed-f71360e888e9



"ML holders shall pay a special contribution of no more than 10 per cent of the mineral royalty of the minerals produced under that licence."
So our mineral roylaties are never more than 10 %, the 10 % are like the max for the MLs we hold!

And there is alway the possibility for (section 137)
"The Minister, on the recommendation of the Mineral Committee, may reduce fees and issue qualifications for eligibility for such reductions under defined circumstances, including ‘reasonable grounds’ (section 137)"