Heron Resources Limited announce it has completed the draw-down of the first tranche of USD 20 million of debt from Orion Mine Finance. As announced to the market on 30 June 2017, the total debt provided by Orion Mine Finance is USD 60 million; the remaining USD 40 million remains undrawn and is available to Heron. Excellent progress is being made with construction activities at Woodlawn with the EPC contractor confirming the late fourth quarter start for commissioning. The project has passed the 50% completion milestone with a progressive shift from earthworks and foundations to structures and equipment. In last few weeks progress has resulted in: The arrival of significant amounts of process plant equipment - pumps, blowers, drive units, cyclone clusters; Construction commencing on thickeners and feed tanks; Arrival of permanent support buildings and site facilities; Power connection works underway; Bulk earthworks completion to occur in the next few days; Underground mining contractors early mobilisation activities; Operational personnel appointments across geology, mining engineering, mine surveying, process maintenance and process operational areas (strong interest received from the general resources sector for site roles); and Heron personnel relocated into the permanent operational offices. A further and more detailed progress update will be provided in the next few weeks.