Ann: Funding underway for the restart of the Chatree Gold Mine, page-27

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02495655-6A1080309?access_token=83ff96335c2d45a094df02a206a39ff4

A few salient points:

• this is a bridging loan bearing a 9% of interest rate to be released in April.
• it is in Kingsgate's objective to clear their stockpile and repay this bridging facility at 9% quickly.
• The lender is willing to provide an initial Bridge Facility of US $15M then subsequently, US$30M for Project Facility.
• Commissioning could be completed and the first gold pour could be achieved before the end of this calendar year. It will generate cash flow to fund the refurbishment of plant #1 and bring it back to an operational capacity of 5 - 5.5m tonnes per annum.
• No shares dilution which is excellent