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Kin Mining board decides to proceed with Leonora gold project development

Kin Mining NL board has decided to proceed with the development of the Leonora gold project in Western Australia, the company said Dec. 8.

The decision follows the completion of a definitive feasibility study and the execution of a binding senior secured credit facility for US$27 million with Sprott Private Resource Lending to fully fund the pre-production capital cost of Leonora.

The company plans to undertake an aggressive exploration program next year, with the project expected to be in production in the second half of 2018.