Nonferrous Metal Mining Company Seeking Loan in Melbourne, Australia

Government approved titanium ore mining business in Australia seeks funds to start the operations.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales Nil
EBITDA Margin Nil
Industries Nonferrous Metal Mining
Locations  Melbourne
Local Time 6:18 PM Australia
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Loan
USD 30 million for 10.0% annual interest, 5 years (Native Currency: USD 30,000,000)
Reason: For mining preparation, to purchase mining equipment and commissioning. We are also open to an equi... View More
Collateral Available: USD 0
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
Business Overview

- A long-established public limited company developing a mineralized area under an approved permit, transitioning to mining significant quantities of high-quality ilmenite, apatite and zircon in an eluvial style deposit.

- This is a low-cost project as no drilling & blasting is required.

- The project is aiming to serve a clear, growing and under-served market.

- This is a shovel ready project with all approvals in place.

- Company has offtake agreement in place with metal processing companies.

- Projected yearly revenue is around USD 40 million with high EBITDA.

- Planning to mine 220K tons of ilmenite per year.

- The company could offer the machinery and equipment that are purchased in the future as a collateral for the loan.

- Business has taken 10,000 hectares of land on lease from the government for 99 years and developing infrastructure such as dams. Business does not have any physical assets.

Products & Services Overview

Company will mine titanium ore (ilmenite), magnetite, apatite, titanium slag and sell them to metal processing companies.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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