Carpentaria will now own the rights to all minerals and the tenement will no longer carry any vendor royalties.In consideration for a cash payment of A$50,000 and 500,000 fully paid ordinary shares in Carpentaria, Sunrise has agreed to transfer all its rights to the tenement, EL6936, to Carpentaria, subject to approval by the
New South Wales Department of Primary Industries, Minerals and Petroleum, and also to relinquish any existing royalties.Carpentaria previously announced to the ASX on 26 November 2009 that a significant surface tin discovery in pegmatites had been made at Euriowie.
This isolated incident is now being handled in accordance with exotic disease response procedures under the supervision of
New South Wales Department of Primary Industries, with the health and wellbeing of the animals of paramount concern.
However, it is understood that he and several other of the quarantined stallions could be released as soon as today to begin serving mares in the exclusion zone, known as the 'purple zone', agreed to this week by the
New South Wales Department of Primary Industries.
Djordjevic, Microbiology and Immunology Section,
New South Wales Department of Primary Industries, Elizabeth Macarthur Agricultural Institute, Private Mail Bag 8, Camden, New South Wales 2570, Australia; fax: 61-2-4640-6384; email: steve.djordjevic@dpi.nsw.gov.au