MGU magnum mining and exploration limited

Magnum Mining and Exploration (ASX:MGU) extends Anglo American agreement

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    • Magnum Mining and Exploration (MGU) extends the exclusivity period of its agreement with Anglo American for the Buena Vista Project in Nevada
    • The initial mandate letter, signed in June, allows 60 days to finalise a binding offtake agreement, with that period now pushed out to November 4
    • The companies are considering a 100 per cent offtake deal, which would see Anglo buy up to 800,000 tonnes of direct shipping ore from MGU's project
    • Magnum advises its term sheet with Anglo remains unchanged

    Read the Full Article on The Market Herald here
 
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