Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Notice has been given to Corica to return to work by Tuesday 19 March 2024, failing which the Company will exercise its rights which could include, stepping in to resume mining, and working with alternative mining contractors and equipment suppliers to achieve full mining operations.
The Company is in discussion with its primary lender, Coris Bank International ("Coris"), regarding the potential implications of the situation on forecast production and the cash flows for the Group.
Coris has been the Company's main financing partner since it financed the construction of the Yanfolila Gold Mine in Mali in 2017 and have been very supportive of the Company's growth strategy throughout.
The Company will provide a further update as and when appropriate.
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Good news...
I personally thought there could be a delay as always the cash with money