EV AGREES TERMS FOR THE SUPPLY OF TIN CONCENTRATE Highlights: • Terms of Offtake agreed with Thailand Smelting and Refining Co. Ltd, known as “THAISARCO”
• THAISARCO is the sixth largest smelter in the world1
• Tin concentrate to be sourced from the Company’s Khartoum Tin project located in Queensland and surrounding areas EV Resources Limited (ASX:EVR) (“EV”, the “Company” is pleased to announce that it has agreed terms with tin smelter Thailand Smelting and Refining Co. Ltd, known as “THAISARCO” for the supply of tin concentrate from the Company’s Khartoum Project including delivery of a minimum of 1,200mt p.a. of tin concentrates (min. 60% Sn), with THAISARCO given a right of first refusal to increase this amount up to 3,600mt p.a..
These terms agreed incorporate the terms of the Memorandum of Understanding (“MOU” announced on 15 November 2021. The Company’s Khartoum Project is located in Queensland and comprises 5 granted Exploration Licences for Minerals (EPMs) and 1 EPM application, covering 390 square kilometres.
The tenements host a large number of historic mines, primarily for tin. The Company announced on 26 October 2021 that an early reconnaissance field trip had been conducted throughout the region, with the initial proposed area of focus for the field work and drilling program being the Boulder-Ahmets area, a 9km by 3km zone of anomalous tin defined by surface geochemistry and geological mapping. EV Resources’ Executive Director Navin Sidhu commented: “We are very pleased that we have finalised the terms of an offtake at this early stage. This is an extremely positive milestone for the Company and one that only unicorn juniors usually achieve.
EVR Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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is pleased to announce that it has agreed terms with tin smelter Thailand Smelting and Refining Co. Ltd, known as “THAISARCO” for the supply of tin concentrate from the Company’s Khartoum Project including delivery of a minimum of 1,200mt p.a. of tin concentrates (min. 60% Sn), with THAISARCO given a right of first refusal to increase this amount up to 3,600mt p.a..
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