Weatherly releases option to buy Tsumeb tailings operation

January 8, 2016

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Multicommodity miner Weatherly International has announced the release of its option to buy the Tsumeb tailings facility, in Namibia, from Dundee Precious Metals subsidiary Dundee Precious Metals Tsumeb, for $4-million. The amount would be settled by applying a credit, at the rate of $40/t, against the cost of sulphuric acid being supplied by Dundee to the company.