An updated bankable feasibility study for the Thunderbird mineral sands project, in Western Australia, has significantly reduced the funding requirements.
ASX-listed Sheffield Resources on Wednesday said that the total capital requirements for the project have been reduced by A$71-million to A$392-million, with the equity funding requirement reducing by A$108-million to A$143-million and the total funding requirement reducing by A$101-million to A$478-million.