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Sheffield Resources Adds US$10.15M Tranche to Thunderbird Loan Facility

10:00am on Thursday 1st of January, 1970 AEST Mining
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Sheffield Resources Adds US$10.15M Tranche to Thunderbird Loan Facility

10:00am on Thursday 1st of January, 1970 AEST
Key Points
  • Additional US$10.15 million tranche drawn for working capital
  • Repayment due by December 2026 with option to repay in product
  • Debt resculpting talks with Sheng Feng and NAIF remain uncertain
  • Sheffield and Yansteel subsidiaries continue as guarantors
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