Resgen draws down Noble facility, progresses funding talks

JSE- and ASX-listed Resource Generation (Resgen) has confirmed the payment of $2.74-million through its second drawdown under the extended facility agreement with Noble Resources International, while work continues to secure project funding. In March, Resgen obtained an extension of its $8.4-million facility agreement with Noble to fund the operations and development of the Boikarabelo coal mine, in Limpopo, being progressed by Resgen subsidiary Ledjadja Coal.