“The funding delay incurred by NT Bullion, will not impact their overall strategy of establishing an integrated exploration, mining and processing hub in Tennant Creek. According to NT Bullion, components for the Elmore portable mill are currently being sourced ahead of transportation to their Peko Tails project.”
NT Bullion advise that complying with the COVID protocols at their Francis Creek Iron-ore mine has delayed finalising due diligence associated with their off-take and forward sales agreements, thus impacting their ability to meet the terms of the Agreement with Emmerson Resources (ASX: 28 April 2020).
ELE Price at posting:
6.9¢ Sentiment: None Disclosure: Not Held