Articles can be saved for quick future reference. This is a subscriber benefit. If you are already a subscriber, please log in to save this article. If you are not a subscriber, click on the View Subscription Options button to subscribe. Mining will start with the Brolga starter pit, which drives high rates of initial yearly gold production. Mining will be undertaken by a contract miner and conducted using large-scale openpit mining equipment.
The project financing process is targeted for completion by mid-2024, ahead of a final investment decision. The company has secured a A$1-billion senior debt facility from commercial banks and government agencies, as well as a A$130-million cost overrun facility. CFO Peter Canterbury has stated that the company will finalise documentation with the lender to achieve the targeted A$1-billion senior debt facility in the second half of the year.Multotec leverages vast global expertise and experience to support the booming lithium sector in Brazil