Crusader attracts funding after strong quarter

IRON ore producer Crusader Resources has attracted the International Finance Corporation as a potential cornerstone investor as revenue for the March quarter has beaten forecasts.

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The IFC, a member of the World Bank Group, has completed due diligence on Crusader’s Brazilian projects – the Posse iron ore mine and Borborema gold project – and proposes to invest up to $A7 million.

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