Carbine Resources (ASX:CRB) is poised to reveal details of a by-product offtake agreement for the Mount Morgan Gold and Copper Project in Queensland.
Carbine has recently completed a Scoping Study over proposed operations at the Project, defining a minimum 8 year mine life at a processing capacity of 1Mtpa, producing 36,000oz/yr of gold at All-in Sustaining Costs of US$393/oz.The operations are also projected to deliver 850tpa of copper and 230,000tpa of high grade pyrite as by-products.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
The halt will remain in place until the opening of trade on Thursday 29th January 2015, or earlier if an announcement is made to the market.
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