Under contract, the Company is due €792,000 from Australian private company Lake Victoria Gold (“LVG”) following the transaction involving a joint venture agreement covering the Company’s Lake Victoria gold interests to LVG in March 2022.  This liability was due to be settled by 31 December 2023 and is disputed by LVG and accordingly the Company is now taking legal advice in respect of this outstanding amount with a view to taking appropriate recovery action for the amount considered due.

RNS – Business Update – 19 March 2024