SOUTHDOWN MAGNETITE PROJECT (Grange 70%, SRT Australia Pty Ltd 30%) The process in seeking a strategic investor(s) for the project is ongoing. We have received enquiries from various interested parties and have provided access to the project data room as part of the due diligence process.
Took this from the last quarterly just thinking there might be some announcement soon hopefully, we are in the best possible position to fund our portion of development costs our portion will be 40% if they sell the other 30% as stated in the half yearly. With the price of pellets you would think even our biggest holder would throw some money in to develop Southdown.
Quarterly predictions, page-65
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