https://www.miningweekly.com
Mining|PROJECT|Resources
Mining|PROJECT|Resources
mining|project|resources

Sheffield finds funding while Thunderbird work continues

25th June 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Mineral sands developer Sheffield Resources has mandated Taurus Mining Finance to provide a $10-million bridging finance facility.

Sheffield earlier this month announced plans to update the bankable feasibility study (BFS) for its Thunderbird project, in Western Australia, looking at increasing zircon production and deferring the low temperature roast ilmenite circuit to Stage 2 of the development.

The updated BFS study will be completed early in the third quarter.

Sheffield on Tuesday said that the 18-month bridging finance facility would allow the company to run its partner process for the Thunderbird project while also updating the BFS.

“This additional facility provided by Taurus is further endorsement and support for Thunderbird as a Tier 1 asset in a Tier 1 jurisdiction in a very positive mineral sands sector,” said Sheffield MD Bruce McFadzean.

“We remain excited by the opportunities presenting from the BFS update and the strategic partner process and we look forward to updating the market as they progress.”

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.097 0.133s - 89pq - 2rq
Subscribe Now