Worth noting this snippet.Project Funding and FID Newfield has...

Worth noting this snippet.

Project Funding and FID
Newfield has commenced project funding discussions with a range of potential counterparties. Final Investment Decision (FID) on the Tongo Mine development is targeted for 2H 2019. Development of the box cut for the underground portal entrance and decline has already commenced. Blasting of the decline is set to commence upon a positive FID.

Newfield has held preliminary, confidential discussions with a range of potential project financiers. These potential counterparties include debt providers, quasi-debt and convertible note offerors, and institutional and high net worth private equity investors.

Completion and release of the FEED Study outcomes now provides a platform for Newfield to advance discussions with these potential funding counterparties. This includes targeted progression to binding offers and formal documentation. Newfield’s targeted project funding timeline is aligned with its targeted Final Investment Decision (FID) on the Tongo Mine development in 2H 2019.