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.