Rox Resources Secures AU$350 Million Debt Package for Western Australia Project
MT Newswires Live
Apr 07
Rox Resources (ASX:RXL) finalized a AU$350 million syndicated debt package to fund the development of its wholly-owned Youanmi gold project in Western Australia, according to a Tuesday Australian bourse filing.
The financing package includes a AU$300 million senior secured project term loan, along with a AU$20 million cost overrun facility and a AU$30 million bank guarantee facility, per the filing.
The first drawdown is expected in the third quarter, with initial gold production targeted for mid-2027, subject to standard project financing conditions, the filing added.
The company's shares fell past 2% in recent Tuesday trade.
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