$75 Mill for Exploration

[Tree]

You don't do something like this without a high % chance that you have resource payments coming in.

You also don't lend $ without a high % of resource payments coming in, and lookie like the bankies have a handle on that.

Borrowings under the facility will be used for exploration and drilling activities with $37.5 million funding to start immediately, and a further $37.5 million upon the execution of an agreement in relation to monetization of the Elk and Antelope resource. The principal repayment will be made on the earlier of, the first resource payment or 12 months from the first drawdown.

Borrowings under the facility will be used for exploration and drilling activities with $37.5 million funding to start immediately, and a further $37.5 million upon the execution of an agreement in relation to monetization of the Elk and Antelope resource. The principal repayment will be made on the earlier of, the first resource payment or 12 months from the first drawdown.