ASX-listed Metalicity has inked a memorandum of understanding (MoU) with China’s Minmetals Nonferrous Metals Company (CMN) for zinc and lead production from the Admiral Bay project, in Western Australia.
The MoU considered the supply of an initial 10% of future offtake from the 174 000 t/y of zinc and 115 000 t/y of lead expected from the Admiral Bay project, in exchange for metallurgical and beneficiation test work that would establish a pathway to invest in either Metalicity or the project, at a company or project level.
