Please be aware that the information provided is a summary of select releases made to the ASX, as evaluated and interpreted by ASX Briefs. It is important to thoroughly read the entire original release before forming an opinion, rather than relying solely on the brief overview presented here. ASX Briefs is not associated with the ASX. ASX Briefs is an experimental AI project incorporating chatGPT, and as such, does not guarantee the accuracy of the information provided.
Aeon Metals Limited is pleased to announce the receipt of further drilling results from its Walford Creek Copper -Cobalt Project.
Significant new results include intersections of 41.0m at 1.41% CuEq in PY3 from 456.0m; 23.0m at 0.32% CuEq in PY1 from 407.0m and 12.0m at 0.54% CuEq in PY3 from 605.0m; and 12m at 0.67% CuEq in PY3 from 513.0m.
Results confirm that the 2.1 km Le Mans zone extends laterally with continuous mineralisation in both the PY1 and PY3 units.
Aeon Metals Limited advises that it has agreed with Aeon’s major shareholder and lender, OL Master Limited (a fund managed b y OCP Asia), to extend the maturity date on its existing loan facility (OCP Facility).
Under this agreement, the OCP Facility maturity date has been extended to 17 December 2024.
In consideration for the maturity date extension, Aeon has agreed to an amendment fee equivalent to 2% of the total OCP Facility size payable at maturity date . All other terms of the OCP Facility remain unchanged.