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Sheffield adds cash while it works on Thunderbird funding

MINERAL sands company Sheffield Resources is raising A$19 million as it assesses the best way to fund the circa-$270 million it needs to ensure development of the large scale, long life Thunderbird project in Western Australia.

Michael Quinn
Sheffield adds cash while it works on Thunderbird funding

While Thunderbird's capital cost is put at $463 million, a 30% provision covering start-up working capital requirements, corporate overheads and other customary lender requirements during the two year...

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