Case Studies

Birchfield Minerals Ltd

Allan Birchfield
“The Trust provided the money to do the upgrade which was completed by the end of 2008. The river crossing was made in mid-January in the good weather and the dredge is now back in production. The loan process was pretty quick really; applied in February and was through by June. It was a big loan. The application was not that difficult and did most of the work myself with help from my accountant for the cash flow. I was quite happy dealing with Conrad and Rachel and had no problems.”

In 2008, Development West Coast loaned Birchfield Minerals Limited $2.2 million to recommission the Grey River gold dredge to start mining operations.

This created approximately 15 jobs plus subcontractors and will inject over $9 million into the local economy (based on a gold price of NZ$1,200 per ounce).