Kingsgate Consolidated secures US$35 million term facility with Nebari Gold Fund 1

Kingsgate Consolidated Limited (ASX: $KCN) has finalized a US$35,000,000 term facility with Nebari Gold Fund 1 and Nebari Natural Resources Credit Fund II. The facility will enable debt consolidation, repayment of Preference Shareholder loans, timely delivery of new mining equipment, expansion of exploration programs, and capital restructuring.

Executive Commentary on New Facility

This new facility will give Kingsgate enhanced balance sheet flexibility as production continues to ramp up at Chatree, while supporting our continued focus on growth through exploration. Our preference for debt funding underpins our overarching commitment to building shareholder value through further validation of the quality of the Chatree Gold Mine. - Mr. Jamie Gibson, Managing Director and Chief Executive Officer of Kingsgate Consolidated Limited

Summary of Kingsgate Consolidated's Financing Update

Kingsgate Consolidated (ASX: $KCN) has secured a US$35 million term facility with Nebari Gold Fund 1 and Nebari Natural Resources Credit Fund II. The facility will support debt consolidation, repayment of Preference Shareholder loans, timely delivery of new mining equipment, expansion of exploration programs, and capital restructuring. The company's Managing Director highlighted the enhanced balance sheet flexibility and the focus on growth through exploration. Nebari's Managing Director expressed pleasure in continuing the partnership and supporting Chatree's ongoing ramp-up to full production. Kingsgate aims to build shareholder value through further validation of the Chatree Gold Mine.