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Focus on Lancefield after royalty shift

FOCUS Minerals is poised to launch a major exploration program over the historical Lancefield underground gold project near Laverton after renegotiating a royalty agreement with South32.

Andrew Hobbs
Focus on Lancefield after royalty shift

Under the renegotiated royalty agreement, Focus must pay South32 a portion of its gross revenue every quarter that will vary on the amount spent on exploration – 3% for less than $A4 million, 2.5% for...

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