Excelsior Gold Limited
(ASX:EXG) has received the first part payment from Norton Gold Fields Limited.
The payment related to ore mined from the Kalgoorlie North Gold Project and treated at Norton’s Paddington Mill.
Under the Ore Treatment Agreement, Excelsior Gold received an initial payment from Norton of approximately $385,000 on 24 December.
The company noted processing of the second batch of Castlereagh ore was competed on 28 December. An interim payment from Norton for this parcel of ore is expected next week.
Excelsior Gold recorded a net loss of $3.1 million at 30 June 2015.
