Carbine Resources to reveal offtake agreement

2015-01-26 06:39:35

(MENAFN- ProactiveInvestors)

Carbine Resources (ASX:CRB) is poised to reveal details of a by-product offtake agreement for the Mount Morgan Gold and Copper Project in Queensland.

Carbine has recently completed a Scoping Study over proposed operations at the Project defining a minimum 8 year mine life at a processing capacity of 1Mtpa producing 36000oz/yr of gold at All-in Sustaining Costs of US$393/oz.

The operations are also projected to deliver 850tpa of copper and 230000tpa of high grade pyrite as by-products.

The ASX has granted the company a trading halt with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Thursday 29th January 2015 or earlier if an announcement is made to the market.

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