Canadian Arrow Receives Custom Milling and Concentrate Off-Take Agreements

- October 17th, 2011

Canadian Arrow Mines, Ltd. (TSXV:CRO) reported it has signed a definitive agreement with Xstrata Nickel (LSE:XTA) for the custom processing.

Canadian Arrow Mines, Ltd. (TSXV:CRO) reported it has signed a definitive agreement with Xstrata Nickel (LSE:XTA) for the custom processing.

As quoted in the press release,

The agreement also includes provisions for the purchase of up to 7 kt of conforming nickel concentrates produced by an independent 3rd party contracted by Canadian Arrow in a separate and unrelated agreement to mill ore from its Kelex Nickel Mine located near Timmins, Ontario.  The agreement with Xstrata Nickel terminatesDecember 31, 2012.

Canadian Arrow’s President, Kim Tyler said,

Metallurgical data gathered from the bulk sample under real processing conditions will add to the laboratory test work completed to date.  We are also greatly pleased to have the opportunity to supply an additional 7,000 tonnes of conforming nickel concentrate over the course of 2012 as well.

Click here to read the Canadian Arrow (TSXV:CRO) press release.

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