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Equinox signs $53m contingency funding contract

West Perth-based mineral explorer Equinox Minerals Ltd has signed a contract worth $53 million with UK-based Standard Chartered Bank to provide contingency funding for its Lumwana project. The contingent funding will be available to Equinox in tranches of around $10.6 million, but will only be drawn should cost overruns or other contingent funding obligations occur at Lumwana.

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