franco nevada deal

This is a terrific and substantial endorsement for Aphrodite's project by a major canadian player. I particularly like the comment by Franco Nevada’s Australian Managing Director, Kevin McGellicott:

“We are very pleased to partner with Aphrodite with this investment which will contribute towards the Pre-Feasibility Study on the Aphrodite Gold Project. We will continue monitoring progress as Aphrodite works towards production. As the provision of stream financing for development stage projects is a growth area for our company, we would in future consider stream financing a portion of capital expenditure upon completion of a positive Definitive Feasibility Study.”

There is obviously scope for Franco Nevada to provide capital to put the project into production post DFS - this is very good news for AQQ shareholders as this will reduce the requirement to issue shares and creates confidence that the project is a goer.