Brief: West African Resources To Award Us$265 Million Debt Mandate To Sprott And Coris Bank

West African Resources

29/06/2023 02:27

June 29 (Reuters) - West African Resources Ltd  WAF.AX :
    * TO AWARD US$265 MILLION DEBT MANDATE TO EXPERIENCED
MINING-SECTOR FINANCIERS, SPROTT AND CORIS BANK
    * FULLY FUNDED TO FIRST GOLD AT KIAKA VIA CREDIT APPROVED
US$265
MILLION LOAN FACILITY
    * FIRST DRAWDOWN OF LOAN FACILITY EXPECTED IN Q4 2023
    * ON TRACK TO BECOME A +400,000 OUNCE PER ANNUM GOLD
PRODUCER WITH
DEVELOPMENT OF KIAKA
    * UNHEDGED 10-YEAR PRODUCTION OUTLOOK ESTIMATES PRODUCTION
OF MORE
THAN 200,000 OZ GOLD PER ANNUM IN 2023 AND 2024
    * UNHEDGED 10-YEAR PRODUCTION OUTLOOK ESTIMATES PRODUCTION
OF MORE
THAN 400,000 OZ GOLD PER ANNUM FROM 2025 TO 2032

Source text for Eikon:  ID:nASX1667Nl 
Further company coverage:  WAF.AX 

 ((Reuters.Briefs@thomsonreuters.com;))