Central Rand Gold Ltd has a $1m loan agreement with Jia Bang Wang and has received the first $500,000 but exchange difficulties mean that the other $500,000 is yet to be received.
Earlier this year, the company raised £300,000 at 0.5p a share. Central Rand Gold has ordered centrifugal concentrator equipment that should be installed in the third quarter of 2017. Open pit mining started in early March.
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