Impact: Positive
EnviroGold Global (NVRO) executed a binding definitive agreement with Hellyer Gold Mines Pty Ltd. (HGM) to reprocessing existing tailings at the Hellyer Au operation in Tasmania, Australia. Like the MOU before it, the agreement contemplates a multi-stage tailings reprocessing project whereby NVRO would apply its proprietary mineral processing technology to extract remaining metals in the Hellyer tailings. We see the signing of a final agreement as a major de-risking milestone for EnviroGold, which has increased our confidence in the company’s ability to become a near-term producer.
