Junior Venturex Resources has secured a A$2-million unsecured loan from shareholder Northern Star Resources to secure Environmental Protection Authority (EPA) approvals for its Sulphur Springs copper/zinc project, in Western Australia.
The company on Friday said that the unsecured loan, which would have a 12-month term, would accrue interest at a rate of 8% a year from the date of advance, and will be payable in cash.