Australian heavy rare earths producer Northern Minerals Limited (ASX: NTU) has announced the repayment of half of the debt ($4.2 million) owing to Sinosteel.
The Company’s updated indicative debt position as at 15 June 2020 (excluding any accrued but unpaid interest and assuming the full repayment (and redemption) of the A$7.5m Convertible Notes issued on 26 June 2019 (of which $3 million has already been repaid) is approximately $19.2 million.