AUZ 0.00% 0.8¢ australian mines limited

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    “Medea is currently in initial discussions with several Australian based commercial lenders in relation to providing additional senior secured debt funding as part of the overall US$585 million ($803 million) debt facility for the Sconi project,” the explorer said.

    “The Australian Mines Board believes that a syndicate of between 6 to 8 lenders (including NAIF) will be sufficient to fully fund the debt facility.”

    Australian Mines is currently providing detailed due diligence materials to the $5 billion Northern Australia Infrastructure Facility (or “NAIF” for review, before submitting a formal investment proposal.
 
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