Sundance in JV talks

Company News

Sundance Resources Limited (ASX:SDL) is fielding approaches from  a number of interested parties about the development of its Mbalam-Nabeba Iron Ore Project
 
Sundance says since takeover talks ended with Hanlong Mining, groups from a range of countries and with widely diversified interests have opened discussions about getting involved with the project.
 
The company says the parties have expressed a range of views about how it would be possible to structure transactions which bring them into the project.
 
The proposals include the potential for some groups to provide port and rail solutions through to direct investment in the project.
 
Sundance says while the various discussions were at different stages, all remained incomplete and confidential.
 
Sundance posted a net loss of $14.1 million for the first half of the current financial year.