Gas­coyne adds $60m to fund Dal­gan­gara

The Australian Mining Review - - NEWS - WA

GOLD de­vel­oper Gas­coyne Re­sources has se­cured a $60 mil­lion debt fa­cil­ity with Na­tional Aus­tralia Bank and Com­mon­wealth Bank to fund fur­ther de­vel­op­ment of its Dal­gan­gara gold project.

Gas­cy­one stated that con­struc­tion was con­tin­u­ing as sched­uled, with pro­duc­tion ex­pected dur­ing Q2 2018.

“Fi­nal­is­ing the debt fa­cil­ity with two tier 1 Aus­tralian lenders CBA and NAB for the debt fund­ing is ma­jor step for­ward for the de­vel­op­ment of the Dal­gar­anga gold project and sig­nif­i­cantly de-risks the project,” Gas­coyne man­ag­ing di­rec­tor Mike Dun­bar said.

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