Connary funding options

Connary Minerals, the exploration company 62 per cent controlled by Minmet, is looking at various financing options for its Castromil…

Connary Minerals, the exploration company 62 per cent controlled by Minmet, is looking at various financing options for its Castromil gold prospect in Portugal. Chairman, Mr Jeremy Metcalf says options being considered include project finance, bank debt, government grants, equipment finance and equity participation. Mr Metcalf says that a mineable resource has been identified and proved and an environmental impact study has been completed, while a feasibility study is due to be completed by the end of the month.