Western Desert Resources (WDR) has concluded financing discussions for the Roper Bar Iron Ore Project

James Marlay

Western Desert Resources (WDR) has concluded financing discussions for the Roper Bar Iron Ore Project. After the recent off take agreement with Noble Group WDR has announced Macquarie Group will provide the remaining debt financing required to bring the project into production. The announcement is effectively the last hurdle ahead of initial production later this year. The share price in WDR has surged since early August on the back of these positive developments. Given the resilience of the iron ore price things appear to be shaping up nicely for their transition to Australia's next iron ore producer. (VIEW LINK)


James Marlay

I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.

Expertise

Australia iron ore debt

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