Admiralty Resources NL (AU:ADY) has released an update.
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Admiralty Resources NL has announced the signing of a five-year port service contract with Puerto Las Losas S.A., which will facilitate the handling of iron ore concentrates, including receipt, stacking, storage, and various terminal services. The contract supports Admiralty’s Mariposa Iron Ore Project in Chile, which is advancing towards its pre-production phase, with the costs being covered by Hainan Xinlei Mining Management Co Ltd. Admiralty, a diversified mineral exploration company, is moving closer to its 2024 target for first production at Mariposa, with significant mineral resources and ore reserves already delineated.
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