The prospect of production returning to South Crofty mine in Pool appears to be a step closer.
Western United Mines (WUM), which owns and operates the mine, announced today that a conditional earn-in agreement has been entered into with Canada-based Celeste Copper Corporation.
CEO Alan Shoesmith said: “I’m delighted to report that this agreement has been reached. It represents another major step forward with our progress in getting South Crofty back into production.”
In a statement, WUM said it would be making no further comment until completion or termination of the agreement.