PERTH (miningweekly.com) – Gold developer Vango Mining has secured A$10-million in funding to advance its Marymia gold project, in Western Australia.
The debt facility will have a 24-month period and an interest rate of 12% a year, payable at the end of the 24-month period.
Vango said on Wednesday that the funding will be used to advance the Marymia project, formerly known as Plutonic Dome, with the start of mining planned from the Trident and Trident West gold deposits.
Vango has been advancing studies into the design and engineering of a standalone processing plant at Marymia, with prefeasibility and feasibility work planned.