Ann: Trading Halt, page-7

I suspect the funding is for additional CapEx and working capital.

Looking at AMAL's distribution of the placement it did with Burwill. TAW might need ~A$9m.

"The Aggregate Subscription Consideration of A$19.575 million ... will be used to fund AMAL’s share...

Use of Proceeds Percentage Allocation

Capital expenditure for the Bald Hill Project 35 %

Operational expenditure for the Bald Hill Project 53 %

General Working Capital 12 %"

Ref: https://hotcopper.com.au/threads/am...361728/page-410?post_id=27671799#.WeaUpPQsXqA