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Australia Gold Backed Token enters into a strategic Joint Venture in Western Australia's Gold fields.
GOLD COAST, Australia - illiNews -- Ozz Metals Ltd, represented by CEO Lloyd Galley, has officially executed a Forward Purchase Offtake Agreement with Marrngood Pty Ltd. The landmark agreement, signed on March 15, 2026, secures a commitment for the acquisition of 1 Tonne (1,000,000 grams) of gold. Retail Buyers can now aquire 11::11 Coin from https://alltraverse.com
11::11 Coin representing 1/1000 of 1 Oz Of FIne Gold from the Mine,
Strategic Gold Acquisition
The gold will be sourced primarily from the Cosmo-Newberry Mining Project, located near Laverton in Western Australia. To secure this offtake, Ozz Metals Ltd has agreed to a total prepayment of approximately $40,589,505 AUSDT. This financial commitment is structured to include an upfront line of credit of approximately $4,000,000 AUSDT, with residual funds held securely in escrow.
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Key delivery milestones include: An initial delivery of at least 5 kilograms scheduled for May 1, 2026. A steady supply of a minimum of 5 kilograms per month for the first 24 months. An increase to a minimum of 20 kilograms per month from May 2028 onwards, until the 1-Tonne commitment is fulfilled. A stringent quality standard requiring the gold to be refined to a minimum purity of 99.5% (995 fineness) prior to the transfer of title.
Yerilla-Westward Ho Joint Venture
In conjunction with the offtake agreement, the two parties are forming a new joint venture company, Marrngood Exploration Pty Ltd. This joint venture will manage mining operations at the Yerilla-Westward Ho Project, located in the Eastern Goldfields region of Western Australia.
https://alltra.wolrld to Start a business
Ozz Metals Ltd will hold a 20% minority interest in this new enterprise. Furthermore, Ozz Metals Ltd will provide advance funding to assist Marrngood Pty Ltd with setup activities, which will either be repaid or converted to shares based on a company valuation of $12,000,000 AUD. For enquiries email techsupport@alltra.world
11::11 Coin representing 1/1000 of 1 Oz Of FIne Gold from the Mine,
Strategic Gold Acquisition
The gold will be sourced primarily from the Cosmo-Newberry Mining Project, located near Laverton in Western Australia. To secure this offtake, Ozz Metals Ltd has agreed to a total prepayment of approximately $40,589,505 AUSDT. This financial commitment is structured to include an upfront line of credit of approximately $4,000,000 AUSDT, with residual funds held securely in escrow.
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Key delivery milestones include: An initial delivery of at least 5 kilograms scheduled for May 1, 2026. A steady supply of a minimum of 5 kilograms per month for the first 24 months. An increase to a minimum of 20 kilograms per month from May 2028 onwards, until the 1-Tonne commitment is fulfilled. A stringent quality standard requiring the gold to be refined to a minimum purity of 99.5% (995 fineness) prior to the transfer of title.
Yerilla-Westward Ho Joint Venture
In conjunction with the offtake agreement, the two parties are forming a new joint venture company, Marrngood Exploration Pty Ltd. This joint venture will manage mining operations at the Yerilla-Westward Ho Project, located in the Eastern Goldfields region of Western Australia.
https://alltra.wolrld to Start a business
Ozz Metals Ltd will hold a 20% minority interest in this new enterprise. Furthermore, Ozz Metals Ltd will provide advance funding to assist Marrngood Pty Ltd with setup activities, which will either be repaid or converted to shares based on a company valuation of $12,000,000 AUD. For enquiries email techsupport@alltra.world
Source: Ozz Metals Ltd
Filed Under: Business
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