Streaming Agreement for up to US$20M Finalised

Streaming Agreement for up to US$20M Finalised

Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to announce that is has executed binding documents with Raptor Capital International Limited

Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to announce that is has executed binding documents with Raptor Capital International Limited (Raptor) for the provision of a streaming facility to provide a minimum of US$6m and up to US$20m in funding for development of the Santa Teresa High Grade Gold Project in Baja California, Mexico (Project).

The facility will become available after a certain conditions precedent are met, including Comet making a decision to mine at the Project. For full details of the streaming agreement please see Appendix 1 of this announcement. Security provided under the streaming agreement will only cover the Santa Teresa Project and associated assets and will not extend to any of the
Company’s assets outside of Mexico.

Comet’s Managing Director, Matthew O’Kane, commented “Finalisation of the Streaming Agreement with Raptor provides Comet with non-dilutive capital for the development of a mining operation at Santa Teresa Gold Project. We are presently working toward
upgrading the existing foreign resource estimate at the Project to a JORC compliant resource. Information gained from completing the JORC resource will also assist us in planning the initial exploration activities at the Project, including our first drilling
program.”

This announcement has been authorised by the Board of Comet Resources Limited.

Source

Mobilisation for Tempus’ 2021 Gold Exploration Drilling

Tempus Resources Ltd. (“Tempus Resources” or the “Company”) (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) is pleased to announce that mobilisation is underway for the 2021 Exploration Program at the Elizabeth Gold Project in southern BC, Canada

The Company has executed a contract with Full Force Diamond Drilling Ltd. for the provision of diamond-core drilling services at Elizabeth. The flexible contract provides for drilling of up to 12,000 cumulative linear metres. In support of the Program, road clearing and preparation of drilling pads has commenced, and a base line environmental sampling and cultural survey is being coordinated. The drill rigs and operators are expected to complete mobilisation to Elizabeth by late-May. Further information regarding the drilling for the Elizabeth Project 2021 Exploration Program is set out later in this announcement.

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/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

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Best Gold Stocks on the ASX

Click here to read the previous best ASX gold stocks article.

2020 was a record-breaking year for gold, which surged above US$2,060 per ounce in August.

However, the yellow metal faced some downward pressure in the first quarter of 2021, falling below US$1,750 in March. The major forces acting against gold in Q1 of this year included rising US 10 year Treasury yields and the growing value of the US dollar.

However, there is still plenty of investor interest in the metal due to continued global economic uncertainty related to the COVID-19 pandemic. Supply is also a growing concern due to decreased gold exploration efforts over the last few years, especially among larger companies.

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NCM – Senior Management Announcement – Finance Director & CFO to Retire

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Mr Bond said, “It has been an honour and privilege to serve as the Finance Director and CFO over the past decade and be part of the transformation of the Company”.

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