Update: Invitation to State Rail Agreement negotiations
Rutila Resources has announced that it has been invited to negotiate a State Rail Agreement with the government of Western Australia. This is a major permitting milestone that, once achieved, will enable the company to commence the construction of the Balla Balla project private railway line. The company has also converted an MoU with the Chinese steel mill into a binding framework agreement. We have updated our Rutila model to incorporate the PFS-level opex and capex estimates for the port and rail. Progress on the permitting front remains the key share price catalyst.
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