Shipments from Kimberley Mineral Sands' Thunderbird operation in the Kimberley have been downgraded for the quarter after another interruption halted operations.
Sheffield Resources shares rose slightly on Monday, following news that quarterly construction and production activities at the Thunderbird mineral sands project in Western Australia's west Kimberley region had finished on time and on budget.
Kimberley Mineral Sands will start work on a waste rock storage area at its Thunderbird mineral sands project in the Kimberley, despite challenges engaging the Traditional Owner group at the site.
Mineral sands junior Sheffield Resources is set to raise $30 million to potentially expand its nearly constructed Kimberly project and to assess a business opportunity in Brazil.
A slimmed down Atlas project ore reserve will give Image Resources a higher-grade mineral sands mine which the company expects to turn a tidy profit from the get-go.
WA lithium miner Pilbara Minerals has become the latest beneficiary of the federal government's $3.9 billion NAIF funding shower, scoring $250 million across two loans to grow its operations.
Business News has updated its listing of WA's biggest resources projects to incorporate a spate of new developments and analysed which projects are next.
Sheffield Resources will push ahead with building the $484 million Thunderbird mineral sands project in the Kimberley after announcing a final investment decision this morning.
Sheffield Resources has inched closer to reaching a final investment decision for its proposed mineral sands project in the Kimberley after lining up a $US110 million loan facility.
Approval for a $160 million NAIF loan has ticked off a solid chunk of funding Sheffield Resources needs to develop the Thunderbird Mineral Sands project in the Kimberley region.
ASX-listed Image Resources has picked up an astounding 84Mt of contained total heavy mineral sands and a staggering 75Mt of contained valuable “heavy” minerals in a $12 million cash deal with Sheffield. The new project comes gift wrapped with a massive 5.8Bt mineral resource going 1.4 per cent total heavy minerals and represents an incredible 20-fold increase in the overall tonnes accessible by dry mining for Image.
Image Resources has tabled a timely resource update on seven of the eight projects recently acquired in WA's historic Eneabba mineral sands mining district, located 275km north of Perth. The total mineral resources for all seven stands at 199Mt grading 2.8 per cent THM with 5.5Mt of contained heavy minerals at 84 per cent VHM.
ASX-listed Image Resources has wrapped up most of the acreage in its deal to bolt a sought-after package of tenements into its Mid West WA minerals sands business. The deal adds further expansion opportunities to the company's development plans for its Atlas and Bidaminna deposits. Under the agreement, Image is paying $24 million out of cash reserves to add more than 230 per cent to its total mineral resources.
Our board moves wrap includes Jessamyn Lyons, Paul Price, Michael Choi, Michael Barrett, Bill Hayden, Dominic Barton, Simon Thompson, and Vanessa Kickett.
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Profit-seeking projects, rather than community infrastructure, have attracted concessions through the Northern Australian Infrastructure Facility, amid questions over public benefit.
Sheffield Resources has agreed to form a joint venture for its Thunderbird mineral sands project in WA, while disclosing its existing financing arrangements have been terminated.
YGH Australia Investment's proposal to acquire 50 per cent of Sheffield Resources' Thunderbird Mineral Sands project is one step closer, following positive advice from Foreign Investment Review Board.
The Australian government will become a shareholder in mining and infrastructure projects across northern Australia after widening the mandate of a $5 billion investment fund.
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Mineral sands company Sheffield Resources says it will scale back activities at its flagship Thunderbird project in Western Australia and seek ways to develop the project at a lower cost, after failing to secure a strategic partner.
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Sheffield Resources has raised $18 million via a share placement, in lieu of a bridging loan facility, and to progress the strategic partner process for its Thunderbird mineral sands project.
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Former Sheffield Resources managing director and founding shareholder Bruce McQuitty will step down from the board, making way for John Richards and Ian Macliver, as the company moves closer to development of its Thunderbird mineral sands project.
Sheffield Resources has trimmed the capex of its Thunderbird mineral sands project by $101 million to $478 million, in order to significantly reduce its equity funding requirements.
