Ann: NCZ GRANTED EXCLUSIVITY FOR POTENTIAL ACQUISITION OF GORO, page-4

AFR:

The comments suggest debts attached to the mine will be forgiven and there may also be a cash injection from Vale to ensure New Century is successful in turning around the mine's performance.If successfully negotiated, that structure would make the Goro deal similar to New Century's 2017 acquisition of Queensland's Century zinc mine from its former owner MMG Limited, where MMG effectively paid New Century to take the mine.

''In terms of the parallels between Century and Goro, they are almost the same deal, except Goro is the Century deal on steroids,'' said Mr Walta.Vale last year absorbed $US250 million of debts linked to the project that were held by the provincial governments in New Caledonia that collectively owned 5 per cent of the mine.Mr Walta said New Century would not be taking on any debt as part of the deal.