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Gascoyne secures A$60M loan facility to advance Dalgaranga into production

Gascoyne Resources Ltd. said Dec. 27 that it closed a A$60 million loan facility with National Australia Bank and Commonwealth Bank of Australia, and that the company has drawn A$20 million from the facility to fund development costs as it moves its Dalgaranga gold project in Western Australia into production.

Gascoyne noted that it remains on schedule and on budget to achieve first gold pour at Dalgaranga late in the second quarter of 2018.