Akkerman ExplorationB.V. (AEbv ) is pleased to announce it has executed a sales agreement with EMX Royalty (TSX Venure: EMX) on the sale of a 2% Net Smelter Returns (NSR) royalty interest on the Kaukua platinum group minerals property in Finland. In return EMX paid 125,000 C$ in cash and issued 52,000 EMX shares to AE bv for an approximate total value of 250,000 C$. See also EMX press release: www.emxroyalty.com
AEbv obtained the 2%NSR on the Kaukua property in 2009 on selling its remaining equity interest in the Kaukua property to Nortec Ventures Inc. The royalty applies to 19 exploration licenses with a total surface extend of just over 1,000 hectares. These cover the entire known mineral resource as well as possible extensions in northern, western and eastern directions. The Kaukua property, referred to as the LK Project, is currently owned by PalladiumOne MiningInc.. An updated resource estimate was issued in September 2019. The corresponding NI43-101 complianttechnical report, states 20Mt of indicated + inferred resources with 0,6-0,8 g/t palladium and smaller amounts of platinum, gold, copper and nickel.
For further info: www.palladiumoneinc.com