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Minbos Resources Limited (ASX:MNB)

ALERT: Price-sensitive ASX Announcement for MNB
Current share price for MNB : $0.023 0.003 (15%)+
Announcement
Release
2 Mar 2026 9:45AM
Price at Release
$0.020
Full Release
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Summary
Minbos Resources Limited announced the establishment of a US$16 million debt facility with the Industrial Development Corporation (IDC) of South Africa. This facility will support the Phase-2 construction of the Cabinda Phosphate Fertilizer Plant in Angola. The borrowing entity, Phobos Ltd, will secure this facility, which includes a tenor of 84 months with a 24-month capital moratorium. Meetings with key stakeholders, including the National Agency for Mineral Resources and the FSDEA, confirmed support for the project and addressed existing mining license issues. The IDC loan aims to de-risk the project by securing additional funding with Angolan lenders.
Key Points
  • Minbos Resources Limited secured a US$16 million debt facility with IDC.
  • The facility is for the Cabinda Phosphate Fertilizer Plant construction.
  • Phase-2 construction includes structural, mechanical, electrical, and instrumentation works.
  • Key meetings held with stakeholders in Angola confirmed project support.
  • The IDC loan includes provisions for a 24-month capital moratorium.
  • The goal is to complete the first drawdown by the end of March 2026.
  • Additional funding from Angolan lenders is being negotiated for project de-risking.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.