Siren Gold Limited (ASX: SNG) has signed a marketing and sales agency agreement with Ocean Partners USA, Inc. The agreement appoints Ocean Partners as the exclusive marketing agent for Siren's gold-antimony concentrate from the Reefton Project. Siren aims to advance its projects to production and produce gold doré and gold-antimony concentrate at a central processing facility. Ocean Partners will seek a long-term off-take contract with financing of up to US$5 million.
Drilling is ongoing at Sams Creek and Reefton, with results expected next month. Siren's Managing Director, Victor Rajasooriar, expressed enthusiasm for the partnership, citing Ocean Partners' experience. Siren cautions that it is not currently in production and further exploration is required. The agreement offers Siren access to Ocean Partners' global network and potential long-term off-take contracts, supporting its production development.
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