Develop Global (ASX:DVP) completed the documentation for the commercial terms of a AU$100 million loan facility with commodities firm Trafigura, according to a Tuesday filing with the Australian bourse.
Proceeds will be used to support the restart of the Woodlawn copper-zinc mine in New South Wales, which is now 50% complete, the filing said.
Both parties further signed a five-year offtake deal for Woodlawn.
Company shares rose past 6% in recent Tuesday trade.
Price (AUD): $2.35, Change: $+0.14, Percent Change: +6.33%
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