SBL 0.00% 0.1¢ signature metals limited

timeline, page-2

  1. 3,281 Posts.
    As per Pattersons presentation of intended use of funds.
    Not sure why this rights issue still has not been announed.

    USE OF FUNDS
    Anticipated use of funds are:

    Activity

    Exploration at Konongo - 3 mill

    Plant Commissioning (includes 3 months
    reagents and spare parts - 2 mill

    Purchase and install of gravity circuit 0.50 mill

    Upgrade site infrastructure 1 mill

    Load and haul 3 months feed to plant 0.50 mill

    Expansion studies including Metallurgical
    Testwork
    0.50

    Working Capital 2.38 mill

    Costs of the capital raising 0.52 mill

    Total 10.4 mill
 
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