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The company has $175 million in cash and assets, but says the new unsecured facility provides financial flexibility while it works on the divestment of its Washpool hard coking coal project and Avontuur manganese project.
The same banks provided Aquila with an $80 million unsecured performance bond and guarantee facility earlier this year.
Meanwhile, Aquila says the debt funding discussions for the $5.8 billion West Pilbara iron ore project are advancing, with a detailed term sheet being negotiated.
The company said the timetable for the Anketell Point port development would require resolution, but legal and technical due diligence were advanced.
The results of the definitive feasibility study are due out within weeks.
The stage one development is expected to produce 30 million tonnes per annum of ore over 15 years from proved and probable reserves of 445.1Mt at 57% iron.
Aquila shares dropped 4c to $5.02.
