That's the peak funding requirement. $63m on the last DFS. Most likely to be around $40m on the upcoming updated DFS due to the Exhange rate of SAR to Usd.You don't need the entirety of above amount all at once. So this debt funding will allow us to continue our operation for the stage 1 qala shallows and get us mining.
In addition, we have already put significant capital expenditure to the project. We already have put in significant amount into that Capex since 2021 when we started rehabilitating the mine. Thus we are now at Ore Face. Again we are at ORE. Meaning once we drawdown we start extracting ore immediately
Ann: West Wits Obtains Interest From IDC For Debt Facility, page-216
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