Gascoyne adds $60m to fund Dalgangara

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.