Gunson raises capital for pipeline FEED and plant construction
Wed, 8 February 2012
Gunson Resources has completed a $2.4 million share placement in order to raise funds for the commercial development of the Coburn Zircon Project, located near Dampier, Western Australia.
The Coburn Zircon Project consists of a proposed 110 km lateral gas pipeline from the Dampier to Bunbury Natural Gas Pipeline (DBNGP), travelling westwards to the proposed Coburn Power Station in WA.
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A front–end engineering design (FEED) and approvals study agreement has been signed with DBP Services, an associated entity of DBNGP Nominees Pty Ltd. The FEED study will provide design, construction and capital cost information.
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