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2019-20 Performance

This year NAIF approved $173m worth of loans to three projects in Western Australia. A forecast 745 jobs are estimated to be supported through these projects:

  • A loan of up to $150m to Strandline Resources for the Coburn Heavy Mineral Sands Project (see opposite)
  • A loan of up to $12.5m to AAMC First Iron Project and
  • An additional Financing Mechanism of up to $10.5m to support Kalium Lakes Limited’s Beyondie Sulphate of Potash Project to meet additional forecast construction costs and contingencies for the project. Following a subsequent successful equity raising by Kalium Lakes Limited, the additional loan facility was not required by the company.