AustSino Resources Group Ltd (ANS or the Company) is pleased to...

AustSino Resources Group Ltd (ANS or the Company) is pleased to provide the following update.
Funding Update
As previously announced, Midwest Resource Finance Group Ltd (Midwest), an entity controlled by
the Company’s Chairman Mr Ding, has been providing unsecured working capital loans to the
Company since January 2021.
ANS can now confirm that an updated loan facility has now been agreed to with MidWest which will
provide a loan facility to ANS with an overall facility limit up to $5 Million. The present amount
drawn by ANS under this loan facility is approximately $1,000,000.
Interest accrues on these loans at an annual rate that is set at 2.65%, which is the current base rate
for Business Loans as specified by ANZ Bank Ltd. It is calculated at the end of each calendar month
but is payable annually in arrears. The loans are repayable on 18 January 2023.
Funds will be used to fund planning and design work on the Port and Rail project in Cameroon as
well as for general working capital.