Precious and base metal developer, Heron Resources (ASX:HRR) has today announced it has signed an electricity supply contract with a major electricity retailer to power the Woodlawn Mine through its commissioning stage and through to 2019.
Woodlawn, Heron’s primary project is a zinc-copper mine located near Goulburn in NSW and is fully funded to production.
The company ran a competitive bid for the contract and have locked in a good rate for 2018-19.
Managing Director, Wayne Taylor says the electricity supply contract is another step in bringing the Woodlawn project on line and ensures the mine will have sufficient power through the commissioning phase and into 2019.
The company will provide a further update on the project next week.
Shares in Heron Resources (ASX:HRR) are trading flat at 65c.