Trio Resources, Inc. announced that it has signed an Off-Take agreement with Noble Refinery to process precious metals produced at the company's milling facility in Cobalt, Ontario. The company anticipates it will produce $40 million of precious metals over the two year contract. Under the agreement, Noble will purchase dore bars from Trio and ship them to one of its three global refineries for further purification.

Pricing for the bars will be based on London Metal Exchange spot prices with a predetermined 10% discount. Noble will be obligated to pay Trio within three days of material assay confirmation.