So a Cap Raise has been ruled out. Carnarvon has commenced a...

So a Cap Raise has been ruled out.

Carnarvon has commenced a formal process to fund its share of the Dorado project.
Azure Capital have been appointed as Carnarvon’s financial adviser and are currently progressing a range of potential sources of capital, which may include:
• Traditional reserve-based, non-recourse senior debt facilities;
• Alternative funding options (including junior or subordinated debt, offtake prepayment and
royalties); and
• Divestment of a portion of Carnarvon’s share of the Dorado project and associated exploration
acreage.