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Fresh doubts emerge about Padbury

280611ctyoakajee2ct The site of the proposed Oakajee Port, 22km north of Geraldton. Photo: CONTRIBUTED.

Padbury Mining has again failed to make good on promises to unveil the identity of the financial backer promising to deliver $US6.5 billion needed for the construction of the Oakajee Port and Rail Project.

Padbury, which last week promised to disclose the name of its benefactor today along with details of the offer, extended its suspension this morning.

In a move that will raise further doubts about the fate of the offer, Padbury now says it needs more time to seek "information in respect of their capacity to meet their funding obligations under the agreement".

Padbury now says it expects to return to trading on Wednesday, April 23.

Shares the company last changed hands for 3.3 cents.