Bardoc Gold Limited advised that it has taken another key step towards the financing and development of its 100%-owned Bardoc Gold Project, located 50km north of Kalgoorlie in WA, after entering into a Binding Agreement with MRI Trading AG (MRI) for the sale of gold concentrates from the Project. MRI was selected following an extensive vetting process from a short-list of high calibre, global traders, all of which expressed very strong interest in Bardoc's gold concentrates. This process clearly demonstrated MRI's depth of experience in the global mining commodities market, both with customers and financial institutions. The execution of a Binding Offtake Agreement, which covers ~50% of the forecast life-of-mine (LOM) gold production expected to commence at year three from the Bardoc Gold Project, represents a further important step towards establishing the Company as a significant new mid-tier Australian gold producer in Kalgoorlie's Eastern Goldfields. The execution of the Binding Offtake Agreement follows the delivery of a positive Pre-Feasibility Study (PFS) in March 2020 which outlined average gold sales of 135,000ozpa over 7 years of mill production resulting in an NPV (pre-tax 8%) of AUD 332 million and 32% IRR based on a AUD 2,100/oz gold price and pre-production capital of AUD 142.4 million. A comprehensive metallurgy testwork program has demonstrated a simple bulk sulphide flotation flowsheet produces a consistent flotation response and a high gold recovery to concentrate across the entire Aphrodite deposit. The terms of the Binding Off-Take Agreement remain confidential but combined with the detailed metallurgical test-work, compares extremely favourably to the PFS with: gold concentrate expected to run up to 100g/t; total gold recovery and payable of 92% compared with the assumptions in the PFS of 85%; and unit treatment cost below the assumptions in the PFS. Bardoc and MRI will now move to full form documentation for a formal Offtake Agreement in parallel with the project debt financing. Delivery of the Bardoc Gold Project Definitive Feasibility Study (DFS) is targeted for late First Quarter 2021.