17
Apr
05:55
Strike Resources secures loan facility repayment extension
Australian miner Strike Resources has secured a 12-month extension of the repayment terms of its $7.2 million loan facility with Good Importing International (GII). This was used for the Stage 1 development of the Paulsens East iron ore project located in the Pilbara, Western Australia, Kallanish notes.
According to Strike Resources, 50% of the loan principal is now repayable on 31 July 2024, and the balance of the facility is now repayabl…
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