The facility is valid for four years although Tap said it was expected to be repaid within the first 24 months of the start of production from Manora. It is planned to be drawn down in the second half of this year.
The company also implemented a A$20 million corporate facility, split between a A$10 million revolving facility for general corporate purposes and $10 million as a contingency in the event of any cost overruns associated with the Manora development.
Both
