Sept 17 (Reuters) - GWR Group Ltd GWR.AX :
* REVISED TERM SHEET FOR MINING RIGHTS AGREEMENT HAS BEEN EXECUTED FOR MINING OF UP TO 3 MILLION TONNES OF IRON ORE FROM JWD DEPOSIT
* A PRODUCTION ROYALTY IS PAYABLE DURING BOTH STAGES
* GWR WILL RECEIVE STAGED PAYMENTS TOTALLING UP TO $1 MILLION FOR STAGE 1 AND A FURTHER $4.25 MILLION ON EXERCISE OF STAGE 2 OPTION