Austral Gold Secures Additional US$1M Loan for Casposo
Austral Gold (OTCQB: AGLDF) has secured an additional US$1 million short-term loan from Banco San Juan S.A. in Argentina for its Casposo operations. This follows a previous US$7 million loan facility from December 2024. The loan will support working capital requirements as Casposo advances to commissioning phase.
The loan terms include a 180-day maturity with an 8.5% annual interest rate, requiring lump-sum repayment funded by mineral exports. The company has completed substantial refurbishment activities at the Casposo processing plant, including SAG mill relining, new hydrocyclone installation, and filter band refurbishment.
Austral Gold (OTCQB: AGLDF) ha ottenuto un ulteriore prestito a breve termine di 1 milione di dollari USA da Banco San Juan S.A. in Argentina per sostenere le attivit脿 di Casposo. Questo si somma a una precedente linea di credito di 7 milioni di dollari concessa nel dicembre 2024. Il finanziamento servir脿 a coprire il capitale circolante mentre Casposo procede verso la fase di messa in esercizio.
I termini prevedono una scadenza a 180 giorni con un tasso di interesse annuo dell'8,5%, e il rimborso avverr脿 in un'unica soluzione finanziata dalle esportazioni di minerale. La societ脿 ha completato importanti lavori di ristrutturazione presso l'impianto di processo di Casposo, tra cui il rifacimento del rivestimento del molino SAG, l'installazione di nuovi idrocicloni e la manutenzione della fascia filtrante.
Austral Gold (OTCQB: AGLDF) ha asegurado un pr茅stamo a corto plazo adicional de 1 mill贸n de USD con Banco San Juan S.A. en Argentina para sus operaciones en Casposo. Esto se suma a una l铆nea de cr茅dito de 7 millones de USD otorgada en diciembre de 2024. El pr茅stamo apoyar谩 las necesidades de capital de trabajo mientras Casposo avanza hacia la fase de puesta en marcha.
Las condiciones contemplan un vencimiento a 180 d铆as con una tasa de inter茅s anual del 8,5%, y el reembolso se realizar谩 en un solo pago financiado por las exportaciones de mineral. La compa帽铆a ha completado importantes labores de reacondicionamiento en la planta de procesamiento de Casposo, incluyendo el relining del molino SAG, la instalaci贸n de nuevos hidrociclones y la renovaci贸n de la banda filtrante.
Austral Gold (OTCQB: AGLDF)臧� 鞎勲ゴ項嫲雮� Banco San Juan S.A.搿滊秬韯� 旃挫姢韽唽(Casposo) 靷梾鞚� 鞙勴暣 氙疙檾 100毵� 雼煬鞚� 於旉皜 雼赴 雽�於�鞚� 頇曤炒頄堨姷雼堧嫟. 鞚措姅 2024雲� 12鞗旍潣 700毵� 雼煬 雽�於� 頃滊弰鞐� 鞚挫潃 臁办箻鞛呺媹雼�. 頃措嫻 雽�於滌潃 旃挫姢韽唽臧� 鞁滌毚鞝� 雼硠搿� 歆勳瀰頃橂姅 霃欖晥 鞖挫爠鞛愲掣鞚� 歆�鞗愴暊 鞓堨爼鞛呺媹雼�.
雽�於� 臁瓣贝鞚� 毵岅赴 180鞚�, 鞐办澊鞙� 8.5%鞚措┌, 甏戨 靾橃稖鞚� 韱淀暣 鞛愱笀鞚� 臁半嫭頃� 鞚检嫓靸來櫂頃橂姅 氚╈嫕鞛呺媹雼�. 須岇偓電� 旃挫姢韽唽 觳橂Μ瓿奠灔鞐愳劀 SAG 氚� 霛检澊雼� 甑愳泊, 鞁犼窚 頃橃澊霌滊靷澊韥措 靹れ箻, 頃勴劙 氩姼 氤挫垬 霌� 欤检殧 氤挫垬鞛戩梾鞚� 毵堨长鞀惦媹雼�.
Austral Gold (OTCQB: AGLDF) a obtenu un pr锚t 脿 court terme suppl茅mentaire de 1 million USD aupr猫s de la Banco San Juan S.A. en Argentine pour ses op茅rations de Casposo. Cela fait suite 脿 une facilit茅 de cr茅dit de 7 millions USD accord茅e en d茅cembre 2024. Le pr锚t couvrira les besoins en fonds de roulement alors que Casposo progresse vers la phase de mise en service.
Les conditions pr茅voient une 茅ch茅ance de 180 jours avec un taux d'int茅r锚t annuel de 8,5%, le remboursement devant 锚tre effectu茅 en une seule fois financ茅e par les exportations de minerai. La soci茅t茅 a achev茅 d'importants travaux de remise en 茅tat sur l'usine de traitement de Casposo, notamment le re-linage du broyeur SAG, l'installation de nouveaux hydrocyclones et la r茅novation de la bande filtrante.
Austral Gold (OTCQB: AGLDF) hat f眉r seine Casposo-Aktivit盲ten in Argentinien von der Banco San Juan S.A. einen zus盲tzlichen kurzfristigen Kredit in H枚he von 1 Mio. USD erhalten. Dies erg盲nzt eine zuvor einger盲umte Kreditfazilit盲t 眉ber 7 Mio. USD vom Dezember 2024. Der Kredit dient der Deckung des Betriebskapitals, w盲hrend Casposo in die Inbetriebnahmephase 眉bergeht.
Die Konditionen sehen eine F盲lligkeit von 180 Tagen mit einem j盲hrlichen Zinssatz von 8,5% vor; die R眉ckzahlung erfolgt in einer Einmalzahlung, die durch Mineralexporte finanziert wird. Das Unternehmen hat umfangreiche Instandsetzungsarbeiten an der Aufbereitungsanlage in Casposo abgeschlossen, darunter das Neu-Auskleiden der SAG-M眉hle, die Installation neuer Hydrozyklone und die Erneuerung des Filterbandes.
- Secured additional US$1M working capital funding
- Favorable 8.5% interest rate in high-inflation Argentina
- Processing plant refurbishment substantially completed
- Project advancing to commissioning phase
- Early repayment option available
- Short-term nature of the loan (180 days) creates refinancing pressure
- Additional debt increases company's financial obligations
- Repayment dependent on mineral export proceeds
Sydney, Australia--(Newsfile Corp. - September 1, 2025) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ("Austral" or the "Company"), an established gold producer, is pleased to announce that Casposo Argentina Ltd. Sucursal Argentina (Casposo), a branch of the Company's subsidiary Casposo Argentina Mining Ltd., has secured a new short-term loan of US
The loan proceeds are to be used to support working capital requirements, following the substantial completion of refurbishment activities at the Casposo processing plant, as announced on 31 July 2025. The project is now advancing towards the commissioning phase.
Since the July update, key upgrades completed include the relining and the installation of the SAG mill, the installation of new hydrocyclones, and the substantial refurbishment of the filter band.
Material terms of the loan agreement:
- Loan Amount: US
$1 million - Loan Term: 180 days from disbursement
- Interest Rate:
8.5% per annum - Repayment: Lump-sum payment at maturity, funded by proceeds from mineral exports; early repayment option available
- Use of Proceeds: Working Capital for Casposo
- Security: Unsecured
About Austral Gold
Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration and equity investments. Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets.
For more information, please visit the Company's website at .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Release approved by the Company's Chief Executive Officer of Austral Gold, Stabro Kasaneva.
For additional information please contact:
| David Hwang | Jose Bordogna |
| Joint Company Secretary | Chief Financial Officer and Joint Company Secretary |
| Austral Gold Limited | Austral Gold Limited |
| [email protected] | [email protected] |
| +61 433 292 290 | +61 466 892 307 |
Forward-Looking Statements
Statements in this announcement that are not historical facts are forward-looking statements. Forward looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this announcement include statements regarding the use of loan proceeds, the refurbishment and commissioning of the Casposo processing plant, future mineral exports, and our expectation that we can continue to lay the foundation for our growth strategy by advancing our attractive portfolio of producing and exploration assets.
All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, uncertainty of exploration programs, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets, uncertainty in the measurement of mineral resources and reserves and other risks and hazards related to the exploration of a mineral property, and the availability of capital and a skilled workforce. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.
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FAQ
What is the purpose of Austral Gold's new US$1M loan from Banco San Juan?
What are the key terms of AGLDF's new loan agreement?
What upgrades has Austral Gold completed at the Casposo processing plant?
How much total debt has AGLDF secured from Banco San Juan?
