Heron Resources Limited (ASX: HRR 'Heron' or the 'Company') announced on 25 March 2020 that it had suspended operations at Woodlawn, an event of default under the Company's Loan Agreement ('Agreement') with Orion Mine Finance (OMF), and that it sought and received a waiver of this default event from OMF until 23 April 2020.
Heron further announced on 23 April 2020 that it had received an extension of the waiver from OMF until 15 May 2020.
Heron today confirms that it has received a further extension of the waiver from OMF until 26 June 2020. The extension provides the necessary time for the Company to work with its key stakeholders to determine a path forward for Woodlawn. The Woodlawn Mine remains in care & maintenance with all assets being maintained by remaining site personnel to a level that will support an efficient re-start of operations.
About Heron Resources Limited (ASX:HRR)
Heron Resources Limited is engaged in the exploration and development of base and precious metal deposits in Australia. Heron's primary focus is on its 100% owned, high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, Australia - one of the few new zinc projects that is fully-funded to production.
Mr Tim Dobson
Tel: +61 2 9119 8111
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