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Wilton Resources Corporation Limited ( (SG:5F7) ) just unveiled an update.
Wilton Resources Corporation Limited has announced that its Indonesian subsidiary, PT. Wilton Wahana Indonesia, has submitted a drawdown request of US$21 million under an offtake agreement with PT. Karya Jasa Bersahabat Internasional. This drawdown is part of a prepayment facility of up to US$30 million, which will support the company’s operations, specifically the delivery of gold with a purity greater than 92.0% within nine months. This financial maneuver is aimed at enhancing the company’s operational capabilities in the Ciemas Gold Project, potentially strengthening its position in the gold mining industry.
More about Wilton Resources Corporation Limited
Wilton Resources Corporation Limited, along with its subsidiaries, operates within the resource industry, focusing primarily on mining activities. The company is involved in the Ciemas Gold Project, which indicates a market focus on gold mining and related activities.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$13.12M
See more insights into 5F7 stock on TipRanks’ Stock Analysis page.
