Austral Gold Obtains US$3.5M Unsecured Credit Facility

Austral Gold Limited (AU:AGD) has released an update.

Austral Gold Limited, a gold and silver mining producer, has announced securing a US$3.5 million unsecured credit facility from its largest shareholder, IFISA, with a 9% annual interest rate, aimed to provide working capital for its operating company. The financial support coincides with equipment repairs discussed in the company’s recent quarterly report, supporting Austral Gold’s ongoing growth strategy.

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