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Kaboko Mining Advances Manganese Project Debt Funding Deal With Noble Resources

Kaboko Mining (ASX: KAB) is working to finalise the A$3 million balance of funding under Tranche A of the $10 million prepayment debt facility and offtake agreement with Noble Resources International.

The company has provided all documentation available in respect of the licensing conditions for the Northern Manganese Project at Mansa, Zambia.

The US$3 million funding, combined with the advance payment of US$1 million, provides Kaboko with the funds to complete mine development and associated plant and equipment purchases at the Northern Manganese Project.

Kaboko expects to remain in suspension until Monday, 11 March 2013 or an announcement is released.

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