Wilton Resources Corporation Limited (SG:5F7) has released an update.
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Wilton Resources Corporation Limited, through its Indonesian subsidiary PT. Wilton Wahana Indonesia, has entered into an Offtake Agreement with PT. Karya Jasa Bersahabat Internasional, securing a prepayment facility of up to $30 million for gold deliveries. The contract stipulates a nine-month delivery window for gold with over 92% purity, with a potential three-month extension, and sets the price at a 5-7% discount to the spot price depending on the timing of delivery.
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