14 November 2025
14 November 2025
The Jadar project is yet to begin production and has encountered multiple setbacks in recent years, including permitting delays and local opposition.
The banking syndicate consists of National Bank Capital Markets, Société Générale and BMO Capital Markets, serving as joint lead arrangers.
The proposed pit, with a projected mine life of around 20 years, covers only 12% of the 15.3km mineralised zone, which hosts graphite and garnet.
Artisanal mining is a vital economic activity for the country, providing employment for up to two million people.
Under the terms, Sandfire can earn up to an 80% interest in the Kalkaroo project via a two-stage earn-in structure.
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