Minerals Royalty AgreementMinerals Royalty Agreement • April 15th, 2024 • Nova Minerals LTD • Gold and silver ores
Background A. The Payee and Nova Minerals Limited, an ASX-listed public company (Nova), are the two shareholders of the Guarantor. The Payer is a wholly-owned subsidiary of the Guarantor. The parties to this agreement, together with Nova, have entered into an Incorporated Joint Venture Agreement dated 17 December 2017 under which Nova and the Payee have agreed to associate themselves as an incorporated joint venture (with the Guarantor as the joint venture vehicle) to conduct exploration and mining operations on the Mining Rights, and which confers, among other things, the Payee’s right to a royalty.
