GDM.ASX: GDM Secures Gold Concentrate Offtake Agreement

GDM Secures Gold Concentrate Offtake Agreement

Stock	Great Divide Mining Ltd (GDM.ASX)
Release Time	25 May 2026, 9:09 a.m.
Price Sensitive	Yes

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GDM Secures Gold Concentrate Offtake Agreement

Key Points

GDM executes a 12-month offtake agreement with MRI Trading AG
Agreement covers 100% of Challenger gold concentrate production
Agreement supports GDM's operational ramp-up and export pathway

Full Summary

Great Divide Mining Ltd (ASX:GDM) has executed a binding gold concentrate offtake agreement with MRI Trading AG for the purchase of gold concentrate produced from the Challenger Gold Mine in Adelong, NSW. The agreement covers 100% of the gold concentrate produced from 1 April 2026 to 30 June 2027, with production expected to range between approximately 26 and 52 wet metric tonnes per week. GDM will receive payment for a high percentage of contained gold linked to prevailing London Bullion Market Association (LBMA) benchmark gold prices. The concentrate will be shipped in approximately 25-tonne containerized lots to international customers via Port Klang, Malaysia. GDM CEO Justin Haines highlighted the agreement as a significant milestone in the recommissioning and commercial ramp-up of the Challenger Gold Mine.