Australian Pacific Coal Secures Additional Funding for Dartbrook Project

MT Newswires Live

2025/05/15

Australian Pacific Coal (ASX:AQC) said its Dartbrook joint venture with Tetra Resources has entered into a further amendment of the existing senior secured facility with Vitol Asia to increase the commitment by $4.6 million to $108.6 million from $104 million, according to a Thursday Australian bourse filing.

The company will use the facility for working capital to cover the short-term funding needs of the Dartbrook project, due to anticipated washed coal sales.

The terms of the facility are consistent with the previous senior refinancing, the filing added.

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