This high margin provides Nyanzaga with an excellent debt carrying capacity and flexibility how this is deployed. Discussions to date with major European, African and Tanzanian banks have delivered nonbinding expressions of interest to provide debt finance of more than
The Company is further considering how it may take advantage of the reduced royalty rate to implement other arrangements that may complement, enhance or partially replace the debt financing. As regards such arrangements, initial discussions with credit funds, royalty and streaming providers have indicated strong interest in the Project
The expressions of interest received by the Company are indicative, non-binding and subject to completion of formal financing documentation, satisfactory due diligence and other standard debt financing terms, including satisfactory market conditions and relevant internal approvals
Auramet's representative,
Contact:
Investor
Executive Chairman
T: +61 9381 9997
Investor Relations
E: maude@nwrcommunications.com.au
T: +61 (0) 416 499 856
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