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Millennium to be debt-free from the end of March

The strong operational and financial performance of West Australian gold miner Millennium Minerals’ Nullagine project has enabled it to fast-track its debt repayment strategy, with a $1.5-million repayment earlier this month, thus reducing the outstanding balance on its senior debt facility to $2.5-million. The company said in a statement that in light of the continuing strong cash flow generation of the project, it could now repay the full balance outstanding on this facility by the end of February.