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Sprott Private Resource Lending is providing US$27 million of debt funding for development of Kin Mining’s 1.3 million ounce Leonora gold project in Western Australia. The deal, on “competitive and favourable” terms, gives Kin “the trifecta”, according to managing director Don Harper.
The Leonora gold project features the old Mertondale (above)
"We have the plant, the funding, and we are getting some brilliant exploration success," Harper said after Kin announced it had signed a binding term sheet for the A$35 million senior secured credit
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