Royalty deed dispute MEL and WIN
Released
Released
Announcement PDF
ABN 39 151 155 207
6 September 2024
ASX ANNOUNCEMENT
DISPUTE WITH MT EDWARDS CRITICAL MINERALS PTY LTD AND WIN METALS
LIMITED REGARDING LITHIUM ROYALTY AGREEMENT
Estrella Resources Limited (ASX: “ESR” or the “Company”) advises that it has today initiated the
dispute resolution procedure contained in the Royalty Deed between ESR and Mt Edwards Critical
Minerals Pty Ltd (formerly Mt Edwards Lithium Pty Ltd) (“MEL”) and WIN Metals Limited (ASX: WIN)
(“WIN”) as guarantor (Royalty Deed), by the issue of a joint notice of dispute to MEL and WIN.
MEL has recently completed a transaction with WIN and Auric Mining Limited (ASX: AWJ) (“Auric”)
which among others included a sale of part of MEL’s lithium interest and rights in a mining lease
M15/87 to Auric and Auric’s subsidiary, Widgie Gold Pty Ltd (see WIN ASX announcement of 27
August 2024) (Sale).
The lithium interest and rights sold to Auric and its subsidiary by the Sale are the subject of the
Royalty Deed.
ESR alleges that by the Sale, MEL and WIN have materially breached the terms of the Royalty Deed.
ESR is committed to enforcing its rights by pursuing the dispute resolution process under the Royalty
Deed.
ESR will keep the market informed on any developments.
This announcement has been approved and authorised for release by the Board of ESR.
ENDS
FOR FURTHER INFORMATION CONTACT
Christopher J. Daws
Managing Director
Estrella Resources Limited
+61 8 9481 0389
info@estrellaresources.com.au
__________________________________________________________________________________
Office Address London House, Level 8, 216 St Georges Terrace, PERTH WA 6000 Postal Address GPO Box 2517, PERTH WA 6831
Phone +61 8 9481 0389 Fax +61 8 9463 6103
Email info@estrellaresources.com.au
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