NAIF ap­proves $95m for Thun­der­bird

The Australian Mining Review - - NEWS -

SH­EFFIELD Re­sources has been given a boost for its Thun­der­bird min­eral sands project in WA’s Kim­ber­ley re­gion after the North­ern Aus­tralia In­fra­struc­ture Fa­cil­ity (NAIF) ap­proved a $95 mil­lion loan.

The loan en­abled Sh­effield to con­struct on-site LNG power gen­er­a­tion and stor­age fa­cil­i­ties at Thun­der­bird, up­grade mine site roads, in-source mine site ac­com­mo­da­tion and fa­cil­i­tate the con­struc­tion and re­vi­tal­i­sa­tion of ship load­ing and lo­gis­tics as­sets within the Port of Derby in WA.

As a re­sult of the loan, Sh­effield would no longer re­quire third party fa­cil­i­ties, which would re­duce op­er­at­ing costs.

Pro­duc­tion is ex­pected to be­gin in 2020.

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