International news within the industry of mining and metal, Apr, 24 2019
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Australian miner secures funds to develop gold project

Photo: Vango Mining
Photo: Vango Mining
Published by
Jaroslaw Adamowski - 08 Feb 2019

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).