El Capitan Precious Metals, Inc. (ECPN) announced that it has executed its agreement with AuraSource, Inc. (OTC Markets: ARAO) for the sale of up to 600,000 metric tons of head ore over the next 12 months. This agreement, as previously reported, is renewable for five additional, one-year terms.
The revenue to ECPN would be $180 million per year at a cost of approximately $30 per ton for mining and loading.
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