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Australian miner secures funds to develop gold project
Australia’s Vango Mining has obtained A$10 million (US$7.1 million) in funds to advance its Marymia gold project in Western Australia’s mid-west region.
"The funds will be specifically utilised to advance Vango’s lead asset, the very high-grade Trident Gold Deposit and the adjacent Trident West Gold Deposit, within the Marymia Project, towards the com-mencement of mining activities," the miner said in a statement. "The funding will be provided by way of an unsecured debt facility from a high net-worth resource sector lender."
Vango Mining is listed on the Australian Securities Exchange (ASX).