ASX-listed Aurelia Metals has announced a A$140-million funding solution for its Federation project metals project, in New South Wales, while also announcing the appointment of a new MD and CEO.
Aurelia on Wednesday told shareholders that the company had secured a A$100-million facility from commodities group Trafigura, consisting of a $24-million loan note advance facility to contribute to the funding to construct the Federation project, and a further A$65-million environmental bond facility to provide rehabilitation bonding.