AAU antilles gold limited

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0.4¢

That is, Brian's stock, project tenements, all the facilitiesYou...

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amdrf

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11/02/25

18:14

Post #: 77809059
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Originally posted by thom12: ↑

Lender Trafigura Pte LtdCommitment US$65,000,000 converted into Australian dollars at the drawdown, $A100m

Use of proceeds To restart the Woodlawn Copper-Zinc Mine Conditions to utilisationCustomary conditions precedent for facilities of this nature including:• execution of finance documents;• providing key project authorisations; • insurance; and• other key consents to the grant of security.

SECURITY - Senior security customary for a facility of this nature including:• security over all of the assets of the Borrower and Woodlawn Mine Holdings Pty Ltd (including the share capital of the Borrower owned by Woodlawn Mine Holdings Pty Ltd),subject to certain pre-conditions; • specific security over certain project tenements and other assets related to the Woodlawn Project and owned by Tarago Explorations Pty Ltd; and• security over all of the assets of Venturex Sulphur Springs Pty Ltd.

Value of the security in excess of $A400M plus.

Trafigura is one of the largest metals trading companies in the world. As you can see for DVP to restart the Woodlawn Mine, which I note will be producing within 6months of receiving this loan, required security of 4 times the loan amount. This security is solid assets.

DVP also have $A40m in the bank.

AAU is not a company that Trafigura would look at unfortunately. As I said I hope Brain can find another option. If so tell us about it.

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That is, Brian's stock, project tenements, all the facilitiesYou can see it as such.
AAU also provides the same collateral.
This is a measure to guarantee the construction of the plant and restrict the sale of concentrate to other places.
However, I do not think it is 100% Trafigura.
For now, we just have to wait..
The price of gold is rising, so it is positive.

AAU Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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Last 0.4¢		Change -0.001(20.0%)		Mkt cap ! $9.516M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
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