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The latest update is out from Adyton Resources Corporation ( (TSE:ADY) ).
Adyton Resources Corporation has received a non-binding letter of intent from Hyosung TNC Corporation for the purchase of gold concentrate from its Wapolu Gold Project in Papua New Guinea. This development highlights strong global demand for the project’s output and improved payable terms, which could significantly enhance the value of Adyton’s projects. The company is advancing the Wapolu project with a targeted production restart in late 2026, leveraging existing infrastructure to facilitate the process. The announcement underscores the potential for strong cash flows and motivates the acceleration of project permitting and development.
More about Adyton Resources Corporation
Adyton Resources Corporation is a mining company operating in the gold industry, primarily focused on the exploration and development of gold projects in Papua New Guinea. Its key projects include the Wapolu and Gameta projects on Fergusson Island, which are part of a joint venture with EVIH.
Average Trading Volume: 489,054
Technical Sentiment Signal: Hold
Current Market Cap: C$71.54M
For a thorough assessment of ADY stock, go to TipRanks’ Stock Analysis page.