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Austral Gold Secures Additional US$1M Loan for Casposo
Newsfileยท2025-09-01 04:32

Core Viewpoint - Austral Gold Limited has secured a new short-term loan of US$1 million to support working capital requirements following refurbishment activities at the Casposo processing plant, which is advancing towards the commissioning phase [1][2]. Group 1: Loan Details - Loan Amount: US$1 million [8] - Loan Term: 180 days from disbursement [8] - Interest Rate: 8.5% per annum [8] - Repayment: Lump-sum payment at maturity, funded by proceeds from mineral exports; early repayment option available [8] - Security: Unsecured [8] Group 2: Company Overview - Austral Gold is a growing gold and silver mining producer focused on building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration, and equity investments [4]. - The company is advancing its attractive portfolio of producing and exploration assets to lay the foundation for its growth strategy [4].