Net Smelter Return Agreement Signed between Kenz Madencilik and Polimetal
This NSR interest originates from a joint operation and option agreement executed in 2012 between Polimetal and Kenz Madencilik ("Kenz Madencilik"), under which the license was transferred to Kenz in exchange for a cash consideration of
The NSR agreement signed with Kenz Madencilik entitles Polimetal to receive 2% of gross revenues from all mineral sales, net of standard deductions, for the full operational life of the project. The license area is currently the focus of exploration activities targeting precious metals and other mineralisation.
This structure provides ACG with future cash flow exposure without direct exploration investment or operational involvement.
The person responsible for the release of this information on behalf of the Company is Artem Volynets, Chief Executive Officer.
For further information please contact:
Palatine
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acg@palatine-media.com
Berenberg
Research Analysts
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+44 (0) 20 3207 7800
Research Analysts
Joint Broker
James Asensio /
+ 44 (0) 20 7523 80
Stifel
Joint Broker
+44 (0) 20 7710 7600
Research Analysts
About the Company
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ACG's team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector. The team brings a significant network as well as a commitment to ESG principles and strong corporate governance.
LON: ACG | OTCQX: ACGAF | LON: ACGW | Xetra: ACG | Bond ISIN: NO0013414565
For more information about ACG, please visit: www.acgmetals.com
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SOURCE ACG METALS LIMITED