While work is continuing for the prefeasibility study and the proposed definitive feasibility study (DFS) for the Alpala project, in Ecuador, London-listed SolGold has also started discussions about a funding package of about $2.85-billion for the development of the deposit that forms part of its 85%-owned Cascabel project. The funding requirements involve short-term funding of about $150-million to complete the DFS, as well as about $2.7-billion to fund SolGold’s share of predevelopment costs and longer term development capital expenditure.
