trending Market Intelligence /marketintelligence/en/news-insights/trending/AIExITrfE_Q3SRjUOaMUvA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Venturex secures US$70M debt finance, off-take for Sulphur Springs project

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Venturex secures US$70M debt finance, off-take for Sulphur Springs project

Venturex Resources Ltd. secured a US$70 million senior debt facility from global commodities trader Trafigura Pte. Ltd. to develop the former's wholly owned flagship Sulphur Springs copper-zinc project in Western Australia.

Venturex will repay the four-year facility with copper and zinc concentrate from the project. The companies will also discuss a US$15 million cost overrun facility.

Additionally, Venturex and Trafigura agreed to an off-take deal for all of the concentrates produced at the project for the first 11 years from the start of production and 50% of the annual concentrates after that for the life of the mine.

The off-take excludes the existing zinc off-take agreement with Toho Zinc Co. Ltd.

A definitive feasibility study for Sulphur Springs pegged a posttax net present value, based on a discount rate of 8%, of A$310 million and an internal rate of return of 39%.

The project is expected to produce an average of 15,000 tonnes per annum of copper and 35,000 tpa of zinc over a 10.3-year mine life.