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West Wits Secures $12.5M Loan to Accelerate Qala Shallows Gold Project
9:26am on Monday 8th of September, 2025 AEST
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Mining
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West Wits Secures $12.5M Loan to Accelerate Qala Shallows Gold Project
9:26am on Monday 8th of September, 2025 AEST
Key Points
USD 12.5 million initial loan facility approved by Nebari
Potential for up to USD 35 million in total funding through additional tranches
Funding supports equipment delivery and infrastructure for Qala Shallows project
First gold pour targeted for Q1 2026 with steady-state production of 65,000 tonnes per month
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