Flynn Gold Executes Ore Purchase Agreement with Henty Gold Mine
Key points
- Ore Purchase Agreement with Henty Gold Mine established.
- Potential low-capex production pathway for Flynn Gold.
- Agreement provides impetus for Golden Ridge Project development.
Full summary
Flynn Gold Limited has executed a non-binding Ore Purchase Agreement (OPA) with Henty Gold Pty Ltd, a subsidiary of Kaiser Reef Limited, which operates the Henty Gold Mine in Tasmania. This agreement establishes a framework and indicative commercial terms under which Henty Gold Mine may purchase ore or concentrates supplied by Flynn Gold for processing. The OPA aims to evaluate a potential low-capex production pathway for Flynn Gold, initially focusing on its flagship Golden Ridge Project. The agreement provides Flynn Gold with additional impetus to accelerate its project development activities, including resource drilling activities planned at Golden Ridge. The OPA is non-binding and does not commit Flynn Gold to deliver ore or concentrates to Henty Gold Mine.
Summary generated by a large language model. Please interpret with care.