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Thunderbird a no-go as Sheffield slashes costs

After being unable to find an equity partner for the Thunderbird mineral sands project in Western Australia owner Sheffield Resources is reducing costs by cutting staff as well as all third-party financing and advisory fees.

Thunderbird a no-go as Sheffield slashes costs Thunderbird a no-go as Sheffield slashes costs Thunderbird a no-go as Sheffield slashes costs Thunderbird a no-go as Sheffield slashes costs Thunderbird a no-go as Sheffield slashes costs

Unfortunately there's no mine at Thunderbird yet with an equity partner being unable to be found

About A$7.5 million is expected to be saved, with Sheffield executive director David Archer to leave his decade-long role and move into a non-executive role.