Whats with all the secrecy about where the sulfide ore is going in Q1 2025? I can see from the Jan 2024 announcement that they signed a toll treating/ ore offtake agreement with Glencore, rather than vague terms like "a nearby third party mill" just be open about where this sulfide ore is going. See this ASX announcement extract here:
Now presumably this sulfide ore need to go to a mill for crushing grinding and flotation, remember that Evolution now owns Ernest Henry mine and the Ernest Henry concentrator - not Glencore, so if it was going to Ernest Henry then TNC would have a toll milling agreement with Evolution right?
So presumably, this sulfide ore is being trucked to the Glencore Mt Isa concentrator, where it is converted from sulphide ore to copper concentrate, and then the copper concentrate gets fed into the Mt Isa copper smelter. The Glencore/TNC partnership agreement of 23rd Jan 2024 talks about this in passing detail, but many of the terms and prices are all commercial in confidence.
TNC Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held
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