The company will deliver to the buyer’s agent in Chile 300 metric tons of antimony raw ore to be assayed for final value of antimony ore.
Raptor commenced operations at its Sorpresa Antimony mine on 15 September 2010, and this contract represents production to date at the Sorpresa mine.
The company anticipates that once the monthly target is attained, this kind of contract will become a monthly sales event.
In addition to the antimony ore value, this sales contract may have additional value due to gold content that has been assayed in the production to date, and this value will be determined at the processing facility when the antimony ore is processed and refined.
