Ann: TNG Mandates KfW Bank for Debt Finance for Mount Peake, page-12

KfW/ECA as expected and now explains Gresham falling by the wayside and SMS going all in with FEED/EPCM for both mine site and refinery. Sure CAPEX will increase but I'm a lot more comfortable with this simplified development process. Less players involved and hopefully less smoke and mirrors too.

Now we've got 6-12 months to get the SP up to a reasonable level before the equity component is raised. Hopefully 65:35 debt to equity