Terms of Permit Agreements

  • Global must spend $9M on Tin Negouran permits over three years
  • Spend $5.5M on Adrar Emoles permits
  • From $14.5M commitments, > $14M has been spent to date
  • Granted two year extension of licences due to Force Majeure
  • New licence agreements to end of 2012, signed August 2010
  • Company has sufficient cash to meet all expenditure commitments