Received today in response to prior response re Subject:
Thank you for your email and interest in Sundance.
The Company confirms that it is in ongoing discussions with several prospective Strategic Partners to provide equity, construction, off-take and finance for the Mbalam Project in central West Africa. A number of potential Strategic Partner due diligence teams in recent months have visited the Mbalam site as well as the port site and the proposed rail corridor. Numerous follow up discussions have also been held with prospective partners on both commercial and technical items.
We are pleased with the progress that has been achieved in recent months and the company is confident of successfully concluding arrangements for the introduction of Strategic Partner(s) to the Project by the end of June 2011.
The Conventions would most likely be finalised once a strategic partner has been identified. We then would expect to confirm financing arrangements and make a final investment decision prior to the end of 2011.
Kind regards,
Jill Thomas Investor Relations & Public Relations Manager Sundance Resources Limited
Switch: +61 8 9220 2300
SDL Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held