Brief: Classic Minerals Says Co Enters Into Binding Heads Of Agreement With Tribitrage

Classic Minerals

16/02/2022 08:25

Feb 16 (Reuters) - Classic Minerals:
    * ENTERS INTO A BINDING HEADS OF AGREEMENT WITH TRIBITRAGE
    * TRIBITRAGE TO PAY A$300,000 WHILST CLASSIC SHALL RETAIN
20%
FREE-CARRIED INTEREST TO DECISION TO MINE
    * TRIBITRAGE COMMITS TO A MINIMUM SPEND OF A$500,000 OVER
NEXT 24
MONTHS
    * PURSUANT TO DEAL TRIBITRAGE HAS ACQUIRED AN 80% INTEREST
IN
LITHIUM RIGHTS ON CLASSIC'S KAT GAP MINING TENEMENTS

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