Tri-Star Resources plc announced that the board of Tri Star understand that this refers to the refinancing of the existing SPMP bank debt of approximately USD 60 million and further debt funding of USD 60 million provided by Oman Investment Authority LLC (“IAC”) and DNR Industries Limited (“DNR”). The new debt provided by IAC and DNR is referred to in the Company’s announcement of 3 November 2020 as “New Loans” which are to be provided to enable SPMP to complete its plant.