Heron gets extension on standstill agreement

Base metals junior Heron Resources has received a further extension to the standstill agreement with senior deb provider Orion Mine Finance (OMF) to determine a forward path for its Woodlawn project, in New South Wales.

Heron in March suspended operations at Woodlawn amid travel restrictions imposed by the federal and state governments in response to the Covid-19 pandemic, triggering a default event under the loan agreement with OMF.