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Weatherly boosted by further loan amendment

Last updated: 19:14 31 Aug 2016 AEST, First published: 17:14 31 Aug 2016 AEST

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The company owns and operates the Tschudi copper mine in Namibia, which has a mine life of 11 years and a plant design capacity of 17,000 tonnes per annum

Shares in copper miner Weatherly International plc (LON:WTI) surged in early deals as it made a further amendment to its loan repayment schedule with Orion Mine Finance.

The repayment of Facility C has been deferred to February 28 next year at no extra charge to Weatherly, it said.

The repayment dates of facilities B and D of the previously amended facility remain unchanged, it added.

The firm has said previously that US$8.6mln was lent to it under facilities C and D.

The company owns and operates the Tschudi copper mine in Namibia, which has a mine life of 11 years and a plant design capacity of 17,000 tonnes per annum.

Shares added 14.29% to 0.4p.

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