Forrestania Resources (ASX:FRS) has signed a binding ore purchase agreement with High-Tech Metals (ASX:HTM) to purchase and process up to 400,000 tonnes of gold-bearing ore from the Mt Fisher gold project in Western Australia over a period of up to 24 months, according to a Thursday Australian bourse filing.
The agreement grants the company preferential access to the ore, with prices determined by ore grade, metallurgical recovery rates, prevailing gold prices and agreed processing fees, per the filing.
High-Tech Metals' shares rose around 4% in recent Thursday trade.
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