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New Century gets new debt

NEW Century Resources has shored up its capital position with a A$100 million debt facility secured from investment firm Varde Partners for its new zinc tailings reprocessing venture in Queensland.

Michael Quinn
New Century has a new debt facility as it works to increase zinc exports

New Century has a new debt facility as it works to increase zinc exports

"While New Century has made strong progress with the ramp up to date … the board has determined that obtaining additional working capital is a prudent measure to ensure the company maintains a strong cash...

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