PanAust project to cost $US232 million

THE Phu Kham copper-gold project in Laos will cost Pan Australian Resources $US232 million ($A324 million) to develop and ANZ Investment Bank will provide about 65% of the necessary debt finance, with the remaining capital coming from either new equity or finance from off-take partners.

PanAust project to cost $US232 million PanAust project to cost $US232 million PanAust project to cost $US232 million PanAust project to cost $US232 million PanAust project to cost $US232 million

Pan Australian says Goldman Sachs JB Were is arranging the equity component of project finance, with current plans stipulating any new equity comes in the form of an entitlements issue.

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