Dacian Gold ties up $150m for WA project

Dacian Gold is optimistic of starting construction at its Mount Morgans gold project, northwest of Perth, in early 2017 after securing $150 million in funding.

Dacian Gold has tied up $150 million in debt funding for its Mount Morgans gold project in Western Australia.

The miner says the loan will be used to develop the mine, near Laverton about 700km northwest of Perth, with construction to start in early 2017.

Westpac, ANZ and France's BNP Paribas are part of the banking consortium that will jointly provide the loan.