InvestSMART

Minbos Resources Limited (ASX:MNB)

ALERT: Price-sensitive ASX Announcement for MNB
Current share price for MNB : $0.017 -0.003 (-15%)+
Announcement
Release
11 Jun 2026 8:21AM
Price at Release
$0.020
Full Release
download
Summary
Minbos Resources Limited announced the receipt of the first drawdown of US$4.8 million from its US$16 million loan facility with the Industrial Development Corporation of South Africa. This funding is pivotal for advancing the Cabinda Phosphate Fertilizer Plant to its next major development phase. Additionally, Minbos has commenced orders for long lead items necessary for plant expansion. Simultaneously, Phase-1 of the construction project has been completed, with the contractor remaining on-site in anticipation of the Phase-2 contract, valued at US$13.8 million, to be signed soon.
Key Points
  • First drawdown of US$4.8 million received from IDC loan facility.
  • Funds will advance the Cabinda Phosphate Fertilizer Plant development.
  • Orders placed for long lead items like conveyor systems and compressors.
  • Completion of Phase-1 construction project.
  • Phase-2 construction contract, valued at US$13.8 million, to be signed soon.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.