Australia's Navvarre Minerals climbs on signing offtake contract

Aureka

28/12/2022 24:34

** Shares of Navarre Minerals  NML.AX  rise as much as 2.6%
to A$0.039, marking their biggest intraday pct gain since Dec 21
    ** Stock hits highest since Dec 23
    ** Mineral explorer says it has executed a new offtake
contract and $7 mln Finance Facility with Glencore International
AG  urn:newsml:reuters.com:*:nASX55s88W
    ** Says it also secured an extension to the existing
agreement with Evolution Mining  EVN.AX  on the provision of
environmental bonding surety related to the Mt Carlton operation
in northern Queensland 
    ** Says delivery of Mt Carlton gold-silver-copper
concentrates under the new offtake agreement will commence
immediately     
    ** NML is down 51.9% this year, as of last close 
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))