RE: Just posting!13 Aug 2019 17:10
SUMMARY
Turnaround Strategy to:•Build and develop multi-commodity project portfolio –Precious metals, Base Metals and Industrial Minerals•Reduce future geographical, technical, permitting and commodity risk exposure•Exciting new polymetallic project portfolio -Paymaster and Pyramid•Additional project acquisitions in the pipeline –focus on low cost claim staking•Three 100%-owned fluorspar assets strategically located in the USA and Europe: 13.1 million tonnes contained fluorspar (CaF2) resources (JORC classified) -advancing through mine development cycle. Current Fluorspar price approx. $500/tonne•Strategic relationship and MOU signed with leading global commodities trading group, Possehl Erzkontor GmbH & Co. KG –MOU provides for intention to enter into Offtake Agreement and associated partial pre-financing•Potential future revenue: Retained Royalty interest in Finnish gold projects