Polymetal is pleased to announce a refractory gold concentrate offtake agreement and
Highlights
Polymetal and BLK entered into an offtake agreement for the greater of (i) 70% of refractory sulphide gold concentrate ('Concentrate') from BLK's Wiluna Stage 1 expansion project during its first three years of operation or (ii) 122.5 thousand tonnes of Concentrate containing at least 195 Koz of gold.
Upon expiration of the initial three-year period of Stage 1 and during Stage 2 of the Wiluna expansion project, Polymetal will obtain exclusive offtake rights for up to 100% of BLK's Concentrate production.
The Alliance will establish a process of two-way technical data sharing in respect of the potential expansion of Wiluna Concentrate production and certain regional projects.
The Alliance aims at reducing the global environmental footprint of refractory sulphide gold ores and concentrates processing as its key long-term goal.
'Using POX technology to process refractory gold concentrates results in the smallest environmental footprint. Our collaboration with BLK addresses a crucial challenge of the global gold mining industry and leverages Polymetal's core technical capabilities', said
About BLK
The Wiluna deposit is located close to the town of Wiluna, approximately 750 km northeast of
About Polymetal
Contact:
Tel: +44.20.7887.1475
(C) 2020 Electronic News Publishing, source