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.
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.
Our board moves wrap includes Peretz Schapiro, Andrew Shearer, Peter Church, Bruce McFadzean, Bruce Griffin, John Richards, Peter Coleman, and Meg O'Neill.