GLV 0.00% 0.3¢ global vanadium limited

Southern Georgina Basin

  1. 465 Posts.
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    Southern Georgina Basin
    Given the lifting of a fracking moratorium, by the Northern Territory Government earlier this year the
    Company has had significant interest in the Project. The Company has engaged with an unrelated
    corporate firm for an exclusive period of 4 months to pursue a potential joint venture or other
    divestment opportunity. An exclusivity fee of $20,000 was paid to the Company in this regard.
    As part of its strategic review of the Company’s assets it was concluded that EP 127 is in good standing
    and represents an under explored asset with potential to add significant value to the Company. The
    Company has recently been advised that the Northern Territory Government has approved the
    Company’s work commitments and also all maintenance and annual fees have been paid up to 13
    December 2019.
 
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