Update: Lower infrastructure capex; permitting update
According to Rutila Resources’ Q314 report, a prefeasibility study on the Balla Balla infrastructure (BBI) project has been completed, resulting in a significant reduction in the project’s total capital cost estimate. In addition, the project’s foundation customer, Flinders Mines, provided a positive capex update on its Pilbara Iron Ore Project (PIOP). Rutila continues to make progress on permitting, which together with iron ore market conditions remains the key near-term sensitivity for the project.
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