Overview of Minbos Resources announcement

Minbos Resources Limited (ASX:MNB) has successfully executed a USD $14 million loan facility agreement with the International Development Corporation of South Africa Limited (IDC) for the Cabinda Phosphate Project. The agreement was signed by Managing Director Lindsay Reed in Johannesburg, South Africa, marking a significant milestone for the company's funding position and project advancement.

Executive commentary on funding progress

The Company is now in a great funding position with a complementary mix of funding solutions to advance the Cabinda Phosphate Project. It is wonderful to have the support of the South African IDC for this important project in Sub-Saharan Africa. Equally, we are receiving tremendous support from some of Angola's most important banking and investment institutions, which is a testament to the Project's importance for Agriculture in Angola. I would like to thank all parties for their continued support in our endeavors.

Summary of Minbos Resources announcement

Minbos Resources Limited (ASX:MNB) has made significant progress in securing funding for the Cabinda Phosphate Project. The execution of the USD $14 million loan facility agreement with the International Development Corporation of South Africa Limited (IDC) and the ongoing progress with Banco BAI term loan and Sovereign Wealth Fund investment reflect the company's commitment to advancing the project. The support from South African IDC and Angola's banking and investment institutions underscores the project's significance for agriculture in Angola. The company's funding position is strong, and it is well-positioned to drive the Cabinda Phosphate Project forward, contributing to agricultural development in Sub-Saharan Africa.