AusPac secures loan extension as Dartbrook appeal continues

AUSTRALIAN Pacific Coal has reached agreement with Trepang Services to extend the maturity of a $7.7 million loan in relation to its Dartbrook underground project in New South Wales to September 30.

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AusPac secures loan extension as Dartbrook appeal continues AusPac secures loan extension as Dartbrook appeal continues AusPac secures loan extension as Dartbrook appeal continues AusPac secures loan extension as Dartbrook appeal continues AusPac secures loan extension as Dartbrook appeal continues

The secured vendor finance loan of $7.7 million was initially provided in connection with the company’s acquisition of Anglo American Metallurgical Coal Assets’ interest in the Dartbrook project.

This comes as AusPac remains in conciliation discussions with the New South Wales Independent Planning Commission over an appeal against its determination of Modification 7 to the development consent