Zinc miner, New Century Resources (ASX:NCZ) has inked a $58 million [US$45 million] debt facility to find its mine restart.
New Century Resources says the facility will help it to become a significant zinc producer in 2018.
Once the lending process is complete, mine development will begin immediately.
The company says the deal was on attractive terms too for three years.
The funds will be used for the commission process and for it to achieve production in 2018.
Shares in New Century Resources (ASX:NCZ) closed over 3.9 per cent lower yesterday at $1.47.