Excellent news! Senior debt of EU150m approved from the EIB.
The CAPEX for Phase 1 of the Project from the DFS was US$484m with 9.1% contingency (although this has likely increased since July 2021).
Using the DFS numbers of US $484m (EU 443m), then this EU 150 is roughly 33% of the total funding required for Phase 1, and 56% of the debt funding required (assuming 60% debt / 40 % equity/prepyments)
Excellent news! Senior debt of EU150m approved from the EIB.The...
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