Panasqueira Tungsten-Tin Mine Presentation
PROJECT FINANCING & OFFTAKE AGREEMENT
Reputable partners confirm high quality project
A ALMONTY
fin
15-YEAR OFFTAKE AGREEMENT
GUARANTEES ~US$580M REVENUE
70% OF CAPEX FINANCED THROUGH
SENIOR PROJECT FINANCE LOAN
GOVERNMENT GUARANTEE
PLANSEE
The Plansee Group
►GTP
Global tungsten product major
➤ Unprecedented floor price guarantee with a
US$235/MTU floor price underlines the strategic
importance of asset
→ NO UPSIDE CAP
Plansee provided a US$20m cost overrun facility
and US$9.8m guarantee for the DRSA if required
SIZE
INTEREST
GRACE
KFW IPEX-Bank
REPAYMENT
US$ 75.1m
3-M LIBOR/SOFR + 2.3%
2-Year Grace Period
6.25y Installments
German 100% state-owned development bank
Very extensive environmental and commercial
project due diligence confirms project quality
US$ 53m drawn under the KfW Loan Facility
CeKB
Long-standing partner of Austrian partners for
their international export financing needs
KFW project finance guaranteed by OEKB via
Export Credit Agency (ECA) cover
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