Copper junior Nzuri Copper has secured a loan facility of A$3-million from major shareholder Tembo Capital Mining, to advance its Kalongwe copper/cobalt project, in the Democratic Republic of Congo.
The unsecured loan will have a maturity date of nine months once the definitive agreement has been entered into, and will attract an interst rate of 10% a year, which will be payable on the maturity date.