Austral Gold Limited (AU:AGD) has released an update.
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Austral Gold Limited has secured a US$7 million loan from Banco San Juan to refurbish the Casposo Plant in Argentina. This funding will facilitate the processing of mineralized material from Challenger Gold’s Hualilan Project, aligning with Austral’s strategic growth in the Americas. With a focus on capital expenditures and working capital, the loan is set to strengthen Austral’s portfolio of mining assets.
For further insights into AU:AGD stock, check out TipRanks’ Stock Analysis page.