Navarre Minerals signed a new offtake agreement and US$7 million Finance Facility

Navarre Minerals Limited (ASX: NML) announced that it had signed a new offtake agreement and US$7 million Finance Facility with Glencore International AG and an extension to the previous contract with Evolution Mining on the provision of environmental bonding surety related to the Mt Carlton operation in northern Queensland.

The Finance Facility is connected to the new offtake agreement and has been established to deliver additional working capital to support the development of ore sources for the mine plan. The new offtake agreement with Glencore will see all of its gold-silver-copper concentrate production sold to Glencore for the rest of FY23.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com