Metro Mining Limited (ASX: MMI) has secured $40 million of debt financing to fund development of its Bauxite Hills Mine, 95 Kilometres north of Weipa.
Mine construction is scheduled to commence next month followed by mining operations and first ore shipment in April, next year.
Metro Managing Director Simon Finnis says well-known international firm Sprott Private Resource Lending and Ingatatus AG Pty Ltd have been selected to provide debt financing.
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