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The Victory Ridge Gold property consists of 1,162 acres ( hectares), including a State of Alaska Upland Mining Lease (962 acres) and 5 adjoining State of Alaska mining claims (200 acres), all with clear title, in good standing and controlled by Spectrum Resources Inc.
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considering increases to the mining tax rate and going beyond rates previously established by the Mining Investment Law. Australia enacted the Mineral Resource Rent Tax effective beginning on 1 July, 2012. The Australian Minerals Resource Rent Tax applies to bulk commodity projects for coal and iron ore operations, excluding small miners.
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