El Capitan Precious Metals announced that it has entered into an agreement for the sale of up to 600,000 metric tons of head ore with AuraSource. In conjunction, this 12 month agreement is renewable for five additional, one-year terms. Under the terms of the agreement, the company expects revenues of USD 180 million per year at a cost of approximately USD 30 per ton for mining and loading. The agreement is reportedly contingent upon Right of Way road access and AuraSource's ability to secure its buyer and financing for the prepayments to El Capitan.