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Iron ore developer Sundance Resources Limited (ASX:SDL) has inked a memorandum of understanding (MOU) with mineral explorer Equatorial Resources Limited (ASX:EQX).
Under the agreement both companies will explore how Equatorial may utilise Sundance's rail and port infrastructure associated with its Mbalam project in West Africa in addition to assessing opportunities for regional cooperation.
Sundance also entered into a memorandum of understanding with West African iron ore group Core Mining earlier this month, regarding the provision and use of future infrastructure facilities.
Sundance says discussions with neighbouring project operators highlight the growing options coming onto the table for future project development and infrastructure use and funding.
In the first half of the 2012 financial year Sundance Resources booked a net loss of $14.4 million.
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Mkt cap ! $17.74M | |||
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