one question we had has been answered on Gold hedging requirement !?!
Indications that any hedging requirements are not onerous.
• Indicative term sheets were updated by 13 leading International financial
institutions in the December quarter following release of the DFS:
o NBIO’s of between $0.9 to $1.2B with most institutions offering $1.0B
plus an overrun facility representing a significant increase to NBIO’s of
$0.8B following the PFS
o Government agencies now included in finance mix
o Low sensitivity to debt sizing at lower gold prices
o Short listing and harmonising term sheets with selected banks
o Indications that any hedging requirements are not onerous
• Bank due diligence in progress:
o No red flags or high project risks raised
o DD commentary being reviewed by the Project team
• Completion of the Project debt financing process targeted for mid-2024
PROJECT FINANCING (2)
High Commercial bank and Government institutional interest
one question we had has been answered on Gold hedging...
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