Under the agreement, EC is responsible for transporting qualified mineral materials to a designated Erzpad Midas. Qualifying materials must meet certain minimum levels (> 0.3 ounces/tonne) and certain maximum concentrations of undesirable elements (up to 50 ppm mercury, 1% arsenic and 0.25% copper). The joint venture is paid according to a formula that compensates for moisture and recovery and is subject to a processing fee per tonne. The agreement is attractive to the joint venture because it allows the processing of certain suitable mineralized “oxide” materials that are or have already been mined in the Radcliff mine (in the central western part of the Panamint Mountains, in Inyo County, near Ballarate, CA). JV expects most of the materials extracted to be processed at the Bishop, California-based company`s gold plant: The Bishop Mill is being prepared for recommissioning in the first quarter of 2017. The agreement with Klondex provides for freedom of choice and immediate access to a processing facility. Maximus remains able to source feed from other third-party sources for the duration of the toll processing contract, with the company also retaining preferential access to milling capacity when it purchases ore from its 100,000 cento00 stock in the Spargoville project, approximately 60 km from the mill. PERTH (miningweekly.com) – Goldentwickler Maximus Resources has signed a contract in principle since the first half of 2017 to process tolls at its Burbanks treatment plant in Western Australia. The agreement provides La Mancha with at least 200,000 tonnes of milling capacity, divided equally between two milling campaigns planned for April and September 2010. Australian gold producer Focus Minerals (ASX: FML) has announced the signing of a toll processing contract with mining company TSX La Mancha Resources (TSX: LMA) to process ore from the White Foil Gold Project in La Mancha. Until this last gold casting at Three Mile Hill, Focus was clad in ore from its Tindals exploration centre in Coolgardie, in the nearby Greenfields mill. Campbell Baird, CEO of Focus, said the agreement with La Mancha offered significant benefits to both parties.
Vancouver, B.C. / TheNewswire / 1. September 2016 – CMC Metals Ltd . (the “Company”) is pleased to announce that the company and Pruett-Ballarat Inc. (“PBI”), the mining operator and the company`s joint venture partner on Radcliff Mine Property, have jointly signed a toll-costing agreement with Klondex Mines Operation Inc. (Klondex) on behalf of their joint venture (“JV”). The renewable agreement for the purchase and sale of gold ore allows Klondex, up to 6,000 short tons (“tonnes”) of oxidized gold storage rocks delivered until December 1, 2016 in 1,500-tonne batches at their Midas mine processing plant in Elko County, Nevada: the agreement allows for the processing of a first “test” of cliff rad mineralized rocks (approximately 500 tonnes).