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Stock impact report

Lunnon Metals, St Ives to negotiate Lady Herial gold ore sale agreement [Yahoo! Finance]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: Yahoo! Finance
rights on future gold material from the Lady Herial deposit in Western Australia. This agreement paves the way for exclusive negotiations regarding the sale of material from Lady Herial for treatment at St Ives' Lefroy gold plant. The Lefroy gold plant is located 7km along an existing haulage route to the north of the Lady Herial deposit. The plant's facilities include primary crushing, milling, gravity and leach circuits, and a tailings storage facility. It treats ore from several mines at a rate of approximately four million tonnes per annum (mtpa). Under the terms of the agreement, Lunnon Metals will deliver a mineral resource estimate and metallurgical test work to St Ives, followed by a 90-day period to agree on sale and purchase terms. If an agreement with St Ives is not reached within this time frame, Lunnon Metals can negotiate with other parties for a further 120 days. If no external agreement is reached, discussions with St Ives will resume for another 90 days. Show less Read more
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