DANAKALI Limited (ASX:DNK) has appointed independent mining finance advisory team Endeavour Financial to assist in the evaluation of funding options for its globally significant Colluli Potash Project in Eritrea.
Colluli has an ore reserve of 1.1 billion tonnes at 10% K2O equivalent and will be developed through a phased approach.
EDITOR’S NOTE: This is a must read interview for those who want to have an A – Z knowledge of Sunridge Gold Corp. and its Asmara mining project in Eritrea.
By Eric Coffin,
I don’t need to tell you how rough the last two or three years have been for companies in the mining space. Only a handful managed to significantly advance their projects during that period. One such company is Sunridge Gold, which has brought its marquee Asmara Project to full Bankable Feasibility status. Sunridge recently negotiated the sale of a contributing 30% interest in Asmara to the Eritrean state mining company ENAMCO. I take this agreement as the “starting gun” in the race by potential suitors and financiers who want a piece of this long-life base metal asset with a precious metal kicker. Continue reading Eric Coffin’s Exclusive Interview with Michael Hopley→
Sunridge Gold (CVE:SGC) is surging ahead with its Asmara project in Eritrea, getting close to securing a debt financing to put its flagship property into production, according to CEO Michael Hopley, who spoke to Proactive Investors in an interview last week.
Sunridge Gold Corp. (sgc:TSX.V/SGCNF) is pleased to announce that the international mining industry consulting company Micon International Limited(“Micon”) has been selected to complete an independent “due diligence” review of the Asmara Project, Eritrea on behalf of the potential financing providers to the project.
Endeavour Financial Limited (Cayman) (“Endeavour”) will lead this process until the lender group is formed. Endeavour provides financial consulting services to Sunridge with respect to debt financing requirements for the Asmara Project and they have unique experience in Eritrea having previously advised Nevsun Resources Limited. Continue reading Sunridge Start Debt Financing Due Diligence Review→