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Mallesons closes third gold deal in a year
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Mallesons closes third gold deal in a year

Mallesons Stephen Jaques has completed its third gold deal within a year, acting for Integra Mining Limited on the $64 million Randalls Gold Project in Western Australia.The closing of the deal…

Mallesons Stephen Jaques has completed its third gold deal within a year, acting for Integra Mining Limited on the $64 million Randalls Gold Project in Western Australia.

The closing of the deal represents the third in a trio of high-value gold transactions completed by the Mallesons project finance team, including acting for Macquarie Bank on the $73 million Duketon Gold Project financing for Regis Resources Limited, and Catalpa Resources' $92 million Edna May open-pit gold mining operations.

In a statement released yesterday, lead partner Nicholas Creed said the closure of the deal boded well for the project finance sector in relation to gold.

"The Integra deal confirms the attractiveness of the gold sector for project finance and the positive outlook for work in this space," he said.

"Having another producer active in the Kalgoorlie area increases the interest in consolidation and the potential for increased M&A activity in the WA gold sector."

The Perth-based project finance team, led by Creed and including senior associate Chris Scott and lawyers Lyn Ladhams and David Nadilo, was responsible for drafting security and facility documents, as well as providing a due diligence report on Integra Mining and its subsidiaries.

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