The company had previously estimated initial capital expenditure for a one million tonne per annum project at
The project has already received strong expressions of interest and it appears likely that the equity raising will be taken by
A due diligence process has commenced with the interested parties.
A further announcement will be made upon details being finalised. Panda Hill covers 22 square kilometres and lies close to a major highway, an international airport, existing roads, rail, and power.
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