Under the deal, Norseman Gold’s wholly owned subsidiary Central Norseman Gold Corporation will supply Red Kite with its gold production up to a total of 300,000 ounces.
The off-take agreement, which includes market pricing, is based on Australian dollars thereby removing any foreign currency exposure to the Norseman Gold project.
The Norseman Gold project is located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt.
RK Mine Finance Trust 1 provides mining companies with financing and metal off-take agreements for initiation or expansion of mine production.
