West Wits Mining Limited (AU:WWI) has released an update.
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West Wits Mining Limited is advancing plans to secure funding for its Qala Shallows mine in South Africa, with a Development Finance Institution completing its due diligence and a commercial bank nearing the end of its own evaluation. The anticipated syndicated senior debt loan is expected to cover 50-60% of the mine’s development costs, providing a significant non-dilutive funding boost. This progress marks a key step in ensuring the mine’s development and operational readiness.
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