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

James Marlay
James Marlay Livewire Markets

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)

Australia iron ore debt

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