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Genmin Board Members Inject A$1 Million to Propel Baniaka Iron Ore Project
8:27am on Tuesday 22nd of July, 2025 AEST
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Mining
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Genmin Board Members Inject A$1 Million to Propel Baniaka Iron Ore Project
8:27am on Tuesday 22nd of July, 2025 AEST
Key Points
A$0.5 million increase to existing loan from Board Chair Greg Lilleyman
A$0.5 million new unsecured loan from non-executive Director John Hodder
Loans accrue 12% interest and are repayable by June 2026
Funds aimed at general working capital for Baniaka iron ore project
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