Heliostar Metals Ltd (RGG1.BE)
- Newsfile
Heliostar Announces Letter of Intent for a US$20M Gold Linked Debt Facility to Advance Ana Paula Deposit
HIGHLIGHTS:Debt Facility to fund completion of the Decline, Test Mining and processing of a Bulk SampleThis self-funding path is an innovative means of funding the advancement of the Ana Paula Project and minimize equity dilutionFunding expected to be repaid within 30 months from drawdown through sale of gold from the bulk sampleCompletion of the decline reduces future capital expenditure and future drilling costsA component of the debt funding and additional cash flows generated from ...
- Newsfile
Heliostar Evaluating Test Mining Scenario for Ana Paula in 2024
Highlights:Heliostar undertakes review of financing options to complete the existing decline and test mining of a bulk gold sample in advance of a Feasibility StudyMultiple scenarios show the potential to recover >20,000 ounces of gold from stopes averaging 7-10 g/t goldDemonstrates a potential pathway to production from test mining within 12 monthsThe Company is assesing non-equity funding options for this programHeliostar has initiated a Preliminary Economic Assessment ("PEA") planned for comp
- Baystreet
Stocks in play: Heliostar Metals Ltd.
Filed its updated mineral resource estimate for the Ana Paula Project located in Guerrero, Mexico. The ...
