Redbank Copper Limited advised that it has secured a loan funding facility through the execution of a Loan Agreement with Agri-Project Services Pty Ltd. (`Agri-Project') (an entity of which Mr. Henthorn is a director and shareholder). The key terms of the Loan Agreement are as follows: Amount: Up to $1,000,000; Availability and drawdown: Immediately; Interest: Daily fixed rate of 10% per annum capitalised monthly; and Repayment: On the earlier of 1 year from date of signing or other such date agreed or the date the Company raises at least $1,500,000 in capital (whether debt or equity). The funds will be utilised by Redbank as general working capital.