- Calidus Resources (CAI) has locked in a $110 million debt facility for its Warrawoona Gold Project in WA
- The gold explorer has signed an agreement with Macquarie Bank (MBL) to help it fund the construction of a plant at Warrawoona
- It’ll have just over three years to repay the loan once repayments begin in June 2022 — with the added option to repay early
- As part of the agreement, Calidus has also agreed to hedge approximately 25 percent of forecast production, equal to 105,000 ounces of gold
- Additionally, security will be provided via a fixed and floating charge over the assets of its subsidiary Keras Gold
- The loan agreement between Calidus and Macquarie is due to finalized early next year
