In the first half of this year, ISEQ-listed Navan Mining incurred a loss after taxation of $7.9m (€8m) compared to a loss of $6.6m (€6.5m) for the first half of 2001, an increase of 20%.

Navan Mining PLC said it is in discussions with Deutsche Bank AG, as the company's principal bankers, to assist the company in securing bridging loan.