Hey Grub,
This is one example of how it could be structured, but BC8 recently completed a ore sales agreement with Paddington Gold. There are likely other examples.
20th May 2024 - BC8 deal
I have highlighted what I think is most pertinent. Basically... I think the amount of tonnes will be closer to 1mt. Probably process 500kt p.a over 2 years.
Roughly 140k or 70k ounces, with recoveries around 90% (hopefully), so perhaps 63k p.a recovered.
Would make sense for OAU to not want to be heavily diluted to fund the initial pit development, so they can focus on ramping up exploration and I assume, replicate the Crown deposit and deal etc.
What I like is just how quickly the open pit could be brought into production (BC8 has already achieved first ore).
As I understand it, WGX has not included any ore/ounces from any deal they might make with OAU (it's all upside to their current production plans).
Hey Grub,This is one example of how it could be structured, but...
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