Bridging debt for Sheffield 

SHEFFIELD Resources has mandated debt provider Taurus Funds Management for a bridging facility of US$10 million as it works on cutting the capital cost of its Thunderbird mineral sands development in Western Australia, and finding a strategic partner.

Bridging debt for Sheffield  Bridging debt for Sheffield  Bridging debt for Sheffield  Bridging debt for Sheffield  Bridging debt for Sheffield 

Sheffield has flagged significant cost reductions.

The facility has an 18 month timeframe, with Sheffield expecting to report results of its assessment of the feasibility study next quarter.

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