Revolver Resources Signs MoU for Dianne Copper Cathode

Revolver Resources (ASX: RRR) has signed a memorandum of understanding (MoU) with the China Copper Industry Investment Alliance (CCIIA) to advance the Dianne Copper Mine project in Queensland. This MoU focuses on establishing offtake and funding arrangements for near-term production of copper cathode from the Dianne Mine. With a market capitalization of $12.72 million, Revolver Resources is collaborating with CCIIA to assess both the technical and commercial viability of copper cathode production and to finalize scale agreements.

The agreement includes forming a dedicated four-person team from both companies to work on securing binding terms for offtake supply and project development financing. Managing Director Pat Williams highlights that this partnership could help reduce the dilutive impact commonly associated with traditional equity financing. “We are excited about this collaboration with CCIIA, a leading industry body. It provides us with a valuable opportunity to secure offtake and boost our copper cathode product sales,” says Williams.

Revolver Resources is positioned advantageously with its high-grade copper deposit at the Dianne Copper Mine, which is expected to be a low-risk, capital-efficient project. The company anticipates that recommencing production at Dianne next year will generate significant revenues, enabling them to fund further exploration of their Dianne and Osprey projects. The current focus is on pre-construction activities to ensure mining can start in the first half of the upcoming year. Revolver is working towards a “positive” final investment decision for the Dianne Mine later this year.

The Dianne Project spans six mining leases and three exploration permits within the proven polymetallic Hodkinson Province in northern Queensland. The CCIIA, composed of 11 entities from banking, university, and aerospace sectors in Southeast Asia, has formed this alliance to source copper directly, which is crucial for their respective industries' growth and development.

Revolver Resources Holdings Limited is an Australian public company dedicated to advancing natural resources to support global electrification. The company's immediate priority is exploring copper resources in established Australian regions. It fully owns two copper projects:

1) Dianne Project, This project encompasses six Mining Leases, three Exploration Permits, and a 70:30 joint venture on an additional Exploration Permit within the established polymetallic Hodkinson Province in northern Queensland.

2) Project Osprey. Located in the North-West Minerals Province—one of the world's most prolific mineral-producing areas—this project includes six exploration permits. It primarily targets Mount Isa-style copper deposits and IOCG (Iron Oxide Copper Gold) deposits.

Revolver boasts a portfolio of strategic metal assets designed to fuel the electric revolution, featuring two copper projects situated in premier polymetallic regions of North Queensland.