Aurelia Metals secured a funding solution for the Federation Project

Aurelia Metals Limited (ASX: AMI) has obtained a funding arrangement for the Federation Project, which includes approximately AU$100 million of new senior secured financing facilities and a fully underwritten equity raising of AU$40 million. This new capital structure will enable the resumption of the Federation's development, a promising base metals development project in Australia. The mining contractor will begin remobilization in the June Quarter of 2023.

Trafigura Pte Ltd has finalized the documentation for the new Facilities. The Facilities have a duration of 4 years from the close financial date, with the Loan Note carrying an interest rate of SOFR + 6.0% and the Bond Facility having a 6.0% interest rate. Starting from January 1, 2024, there is a concentrate offtake agreement with Trafigura for 700,000 DMT of zinc, lead, and copper concentrate produced by the Peak Processing Plant.

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