Aus Asia finds funding to support Solok development

Minerals developer Aus Asia Minerals has executed a $5-million funding facility with TCA Global Credit Master Fund to finance its Solok iron-ore project, in Indonesia, to full production. The facility provided for the immediate draw-down of $375 000 as part of a secured revolving loan agreement. Further draw-downs of up to $5-million in total could be initiated by Aus Asia over the following six months, with an option to renew for a further six months.