Updated due-diligence workstreams have been progressed pending the finalisation of Yangibana’s mine schedule and revised NPV. These revised financials and the long-term offtake contracts will influence the ongoing negotiations on the final terms for the debt package with lenders.
Hastings is finalising submission of credit applications to interested financiers during Q1 FY22 for the project finance required to construct Yangibana. Subject to receipt of firm, credit-approved commitments, Hastings expects financial close to be achieved by the end of Q3 FY22. This aligns with Hastings’ proposal to commence Yangibana’s construction using cash at hand.
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So basically - systems are go. Looking forward to the revised NPV. Should be a goodie re the increase to the resource - offset by the higher materials and labour costs. I tell you - anyone who's a tradie in NSW right now, should head to WA as soon as they are able to. Jobs are go, and no big lockdowns (fingers crossed).
HAS Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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