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Zodiac Gold and Vitol Sign Term Sheet to Forge Strategic Iron Ore Partnership and Fast-Track Bomi South and Bong West Exploration
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Zodiac Gold Inc. (TSXV: ZA...
About this update from Zodiac Gold Inc
[{"type":"text","content":"Zodiac Gold and Vitol Sign Term Sheet to Forge Strategic Iron Ore Partnership and Fast-Track Bomi South and Bong West ExplorationVancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Zodiac Gold Inc. (TSXV: ZAU) (\"Zodiac Gold\" or \"Zodiac\" or the \"Company\"), a West-African gold and iron exploration company, is pleased to announce a term sheet regarding a proposed multi-year strategic partnership with Vitol, an energy and commodities company, to finance and market iron ore from the Bomi South and Bong West exploration licenses that are adjacent to Zodiac's Todi Project.The term sheet sets out the key terms and conditions of a proposed marketing agreement that will provide Zodiac with a structured prepayment facility and a global offtake solution, delivering essential working capital to accelerate any future production. Vitol will serve as Zodiac's exclusive marketer for iron ore, leveraging its international network and market intelligence to optimise commercial value. These exploration licenses have highly prospective geology and are well located, being close to ports and within a multi-user corridor. Vitol was attracted by these factors, as well as the Company's ESG commitments. The agreement will establish a solid platform for the Company to pursue immediate financing opportunities, strategic alliances, and/or spinouts of its iron assets to accelerate exploration and advance towards future production.\"This partnership with Vitol is a transformational moment for Zodiac,\" said David Kol, CEO of Zodiac Gold. \"We believe it will give us the firepower and flexibility to fast-track iron ore development and unlock early cashflow from our multi-commodity asset base. Vitol's global platform and commodities trading expertise bring credibility and execution capacity that are hard to match. We're proud to call them a long-term partner.\"Derek Wilson, global head of raw materials at Vitol, said: \"We're delighted to partner with Zodiac, a company that's committed to responsible development and regional growth in West Africa. We are excited by the potential of Zodiac's targets within an established mining region and look forward to working with Zodiac as the project progresses.\"The marketing agreement will include a competitive prepayment structure, enabling Zodiac to monetize future stockpiled ore ahead of sh...