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About 80% of the resource, or 36.7 million tonnes, is classified as measured or indicated. The measured category alone increased to 14.35 million tonnes from 6.60 million tonnes.
Sales to Glencore are capped at US$750 million in 2027, falling to US$500 million in 2028 and rising to US$550 million in 2029.
The initial term begins at first production and runs to 31 December 2034. It includes lower committed volumes during ramp-up, and binding take-or-pay commitments begin on the earlier of commercial operations or 1 January 2029.
Hole KBRC26_VT004 returned 55 metres at 3.3 grams per tonne gold from 138 metres, including 7 metres at 5.93g/t and 2 metres at 26.8g/t. Deeper in the same hole, it intersected 23 metres at 3.83g/t from 200 metres and 19 metres at 4.52g/t from …
Oehlman previously led African Gold through a resource growth phase and a corporate transaction that the company valued at more than $550 million.
Both agreements are subject to the grant of permits and regulatory approvals, so Skylark does not yet hold granted ground at either project.
The company is targeting first gold from Youanmi in mid-2027. Managing Director Phill Wilding said the first stope marked an important milestone in the transition from development towards production at the high-grade United North area.
In a statement authorised by Managing Director Jim Beyer, Regis said operations at Duketon were stood down for the time being. It said it was providing support to all those affected by the tragic incident wherever possible, and that employee assistance programmes had been …
The office of Québec's Economic Development Minister confirmed that 68 workers would be laid off by December.
The land covers about 209.61 hectares and lies 17 kilometres north-east of Rockhampton. Settlement is still pending.
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