Revolver Resources secures MoU for copper cathode offtake

Revolver Resources Holdings Limited (ASX: $RRR) has executed a Memorandum of Understanding (MoU) with the China Copper Industry Investment Alliance (CCIIA) for the offtake and funding arrangements for targeted near-term cathode production from the Dianne Copper Mine. The MoU establishes a framework for Revolver to source and supply additional cathode product and includes provision for development and working capital funding. This MoU sets a non-dilutive commercial pathway to fund recommencement of production at Dianne Copper Mine, with key workstreams advancing towards a targeted Final Investment Decision (FID) in H2 2024.

Revolver Managing Director, Pat Williams, on the MoU with CCIIA

Revolver Managing Director, Pat Williams, expressed, 'Revolver is pleased to form this relationship with CCIIA as a leading industry body securing offtake and to source additional copper cathode product sales. Revolver is in a highly unique and attractive position of having a high-grade copper deposit at-surface within the historic Dianne Copper Mine. The opportunity presented by targeted recommencement of production at Dianne next year is a relatively low development risk, and capital-lite. Generating significant revenues from the Dianne Mine also delivers attractive, shareholder-friendly access to funding for ongoing exploration of our highly prospective exploration tenure at the broader Dianne and Osprey Projects. In addition, the funding arrangements in discussion with the CCIIA have the potential to deliver excellent Revolver shareholder outcomes and minimise the dilutive effects of more conventional equity financing. Revolver is firmly committed to delivering outstanding shareholder returns at the same time as attracting the support of CCIIA to grow a copper production-focused business capable of supplying critical materials for the energy transition taking place across the globe.'

Revolver Resources' outlook and corporate strategy

The MoU with the China Copper Industry Investment Alliance (CCIIA) marks a significant milestone for Revolver Resources Holdings Limited, providing a clear pathway for the offtake and funding arrangements for targeted near-term cathode production from the Dianne Copper Mine. The agreement not only establishes a non-dilutive commercial pathway to fund recommencement of production at Dianne Copper Mine but also sets the stage for Revolver to source and supply additional cathode product. With key workstreams advancing towards a targeted Final Investment Decision (FID) in H2 2024, Revolver is poised to capitalize on the growing demand for copper cathode. The company's commitment to delivering outstanding shareholder returns while attracting support to grow a copper production-focused business reflects its ambitions to play a pivotal role in supplying critical materials for the global energy transition.