Projects optioned from EMX Royalties. 100% interest in projects can be purchased for:
- On exercise 20 million shares in Kendrick + after 1 year shares to same value
- Advanced cash royalty payment of US$75,000
- Further work commitment of US$500,000
- Up to US$1M of deferred consideration in the event of a feasibility study
Little work on projects since 2011
ASX Listed Drake Resources had projects 2012-2015, defining resources at Stormyra and Dalen Prospects on the Espedalen Project
EMX acquired the projects in 2018 and concluded an option agreement with Pursuit in February 2020
1848 – 1918 Espedalen Project was mined with >100,000t of 1.5% Ni, 0.4% Co extracted
Norway has a long term involvement with the nickel industry continuing to this day