The financing is expected to strengthen cooperation between Australia and Brazil by bolstering supply chain support within the project.
The first leaching campaign is expected to run for five to six weeks.
The Era Dorada project is situated in the Department of Jutiapa in south-eastern Guatemala.
Located in the Coquimbo Region, the project is an open-pit heap leach gold mine with existing infrastructure and permits.
The three pending applications cover the BST, BD and BM tenements.
