NSW gold mine gets funding with Maddocks' aid

The mine is the first greenfield gold mine to be approved and developed in the state in more than a decade

NSW gold mine gets funding with Maddocks' aid

Maddocks has lent its legal expertise to get funding for the development of a gold mine in New South Wales.

The independent firm advised Diversified Minerals on a $74m syndicated project-finance facility and an US$18m royalty, which will be used to develop the Dargues Gold Mine.

Financing aspects of the transaction were handled by a team headed by partner Arlene Colquhoun. It included lawyers Alba Ramli and Joanne Chenn.

Partner Andrew Chapman and senior associate Brian Henson advised on construction issues, while partner Andrew McNee and senior associate Julia Law provided corporate law advice.

The Dargues project is the first greenfield gold mine to be approved and developed in NSW in more than a decade, Maddocks said. In addition to the Dargues mine, Diversified Minerals owns and operates Henty Gold Mine in Tasmania and other exploration projects.

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