financing

from the quarterly

There has been strong interest shown by local and international banking groups for the provision of Project Finance facilities for the Balla Balla project. Aurox’s debt advisors have held introductory meetings with all of the major Australian banks and are confident that up to 65% of the project capital costs can be debt funded. Aurox management has been reviewing strategies in relation to the balance of funding comprising a 35% or greater portion of the Balla Balla project. The strong profit margins continue to attract competitive financing interest.