Gascoyne mandates banks for debt financing

Gold developer Gascoyne Resources has mandated the Commonwealth Bank of Australia and the National Australia Bank to arrange a debt facility of up to A$60-million to fund the development of the Dalgaranga gold project, in Western Australia. “Mandating tier 1 Australian lenders for the debt funding required for the development of Dalgaranga is a strong vote of confidence in the project and the work undertaken by the Gascoyne team since we finished the feasibility study in November last year,” said Gascoyne MD Mike Dunbar.