Flinders Mines Limited has entered into a Loan Facility with PIO Mines Pty Limited. The $5 million Loan Facility will assist Flinders in completing due diligence and negotiation of the Transaction Documents and to meet its short term capital requirements. Tranche 1 ($2.5 million) is available for immediate draw down; and Tranche 2 ($2.5 million) is available for draw down between 13 September and 20 September 2019. The Loan Facility is in addition to Flinders' existing $3 million loan with PIO Mines Pty Ltd. that is repayable on or before 30 June 2022. The Loan Facility is unsecured, will carry an interest rate equivalent to the 6-month Bank Bill Swap Rate plus 2% per annum (with interest capitalised), with a maturity on the earlier of 30 April 2020 or within 14 days of the closing of any capital raising by Flinders by way of a pro rata rights issue.