Polymetal signs offtake deal with Blackham

Reprinted from Mining.com

Precious metals major Polymetal announced Tuesday it has signed a refractory gold concentrate offtake agreement and strategic alliance with Australian gold miner Blackham Resources.

The companies entered into the offtake agreement for the greater of 70% of refractory sulphide gold concentrate from Blackham’s Wiluna Stage 1 expansion project during its first three years of operation, or 122,500 tonnes of concentrate containing at least 195,000 ounces of gold.

The Wiluna deposit is located close to the town of Wiluna, approximately 750 km northeast of Perth.