July 28 (Reuters) - New Century Resources Ltd NCZ.AX :
* POTENTIAL ACQUISITION OF GORO NICKEL & COBALT MINE CONTINUES TO PROGRESS
* PARTIES MUTUALLY AGREED TO EXTEND EXCLUSIVITY FOR POTENTIAL TRANSACTION FOR FURTHER 45 DAYS
* ANTICIPATES PROGRESSING TO DECISION ON MAKING BINDING OFFER FOR VNC IN SEPT
* NEGOTIATIONS LED TO SIGNING OF INDICATIVE TERM SHEET FOR FINANCING TO FUND SIMPLIFICATION PLAN, GENERAL WORKING CAPITAL OF OPS
* WILL BECOME RESPONSIBLE FOR OFFTAKE & SALE OF ALL MHP PRODUCTION FROM GORO OPERATIONS
* GOT STRONG OFFTAKE INTEREST IN FUTURE MHP PRODUCTION FROM GORO
* TERM SHEET SIGNED FOR CONDITIONAL FUNDING OF AT LEAST US$900 MLN IN EQUITY & DEBT CONTRIBUTIONS FROM VALE, FRENCH STATE
* PLANS TO CONTINUE OFFTAKE TALKS IN LINE WITH DEVELOPMENT OF BINDING AGREEMENTS FOR POTENTIAL ACQUISITION OF GORO