Preferred Mining Contractor for Gold Duke Project with Deferred...

Preferred Mining Contractor for Gold Duke Project with Deferred Payment Facility. SSH Group Limited.
When this mining contractor becomes a binding Agreement, it will hit a lot of radars. If the last two trading day are any indication it won't be far off Imo.

• WGR has issued a non-binding notice to SSH Group Limited (ASX:SSH), selecting
them as the preferred mining contractor for the Gold Duke Project in Western
Australia.
• SSH Group has proposed a capital facility under a deferred payment
arrangement, designed to support WGR's cash flow as it begins operations at the
Gold Duke Project.
• A binding obligation to be created on the execution of a Master Services
Agreement (MSA) with SSH Group, along with the finalisation of the capital
facility.
• WGR entering the MSA will be subject to key internal milestones, including the
execution of a toll treatment or ore purchase agreement and a Final Investment
Decision by the WGR Board.
• Comprehensive Mining Services: SSH Group to provide a full turnkey solution,
covering site establishment, mining, and ore haulage to third-party processing
facilities.
• SSH has formed alliances with highly experienced contractors to support the
project including mining and civil and technical services provider specialising in
mining operations.
• First-stage production will focus on a portion of the four deposits across Eagle,
Emu, Gold King, and Golden Monarch, which has a Production Target of 447Kt at
2.55 g/t Au for 34,000 oz1.
• This is yet another key milestone in the Company’s strategy to achieve ‘shovel
ready’ status for the project, that includes a deferred payment facility.