Ironveld Plc entered into a furtherworking capital loan facility agreement ("Facility Agreement") with Tracarta Limited ("Tracarta"), in which John Wardle, Executive Chairman of the Company, has a beneficial interest. The Facility Agreement enables the Company to draw down up to £125,000 on equivalent terms to the existing loan facilities with Tracarta and has a term of six months. Interest is 11% per annum.

Fee is 2.5%.