Carbine Resources has announced the signing of a binding offtake agreement for its pyrite production with Chinese Trading company IKing International Limited (IKing) at the company's Mount Morgan gold copper tailings re-treatment project in Queensland. The agreement contains a guaranteed floor price for all the pyrite concentrate delivered with a profit sharing mechanism for prices achieved greater than the floor price [...]
Carbine Resources has announced they have re-negotiated terms for the remaining 25% interest in the Mount Morgan gold copper tailings re-treatment project in Queensland. As a direct result, Carbine has an exclusive option to acquire Raging Bull Mining. On exercise of the option, subject to any necessary approvals, the shareholders of RBM will receive: - 25 million Carbine shares; - A$2.3 million in cash or shares at the [...]
arbine Resources has announced a positive Definitive Feasibility Study for their Mount Morgan gold copper tailings re-treatment project in Queensland. Analyst Comment: In addition to confirming Mount Morgan will become one of the lowest cost gold producing assets in Australia when production commences in 2018, we noted three additional factors regarding the future potential at Mount Morgan. First, despite a relatively [...]
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