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.
Perth-based gold explorer AIC Resources, chaired by Centamin founder Josef El-Raghy, got off to a solid start in trading today after raising $10 million in its initial public offering.
Sheffield Resources has announced plans to spin-out its gold and base metals assets into a separate entity and list it on the ASX, as it progresses development of its flagship Thunderbird mineral sands project.
Bruce McFadzean says mining executives need to rethink their remuneration structure, after joining Sheffield Resources on a package that ties most of his income to development of the Thunderbird mineral sands project.
