Fully funded to production and then will look to further funds for Stage 2 (increased production)
From the last quarterly:
Cash Holdings
The Company had A$48.8 million cash on hand as at 31 December 2020.
The Company also has $46.5 million remaining in undrawn financing facilities (from a total financing of $179.2 million).
Business Development
Work in relation to increased SOP production from the BSOPP has re-commenced, to assess:
• Increased production potential through optimisation and de-bottlenecking activities from the infrastructure and facilities being currently constructed to produce 90ktpa of SOP (Phase 1).
• Timing, capital requirements, funding sources and off-take opportunities for doubling of Phase 1 production to 180ktpa of SOP (Phase 2).
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HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
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