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Padbury is aiming to build a deepwater port north of Geraldton, at the same location favoured by Oakajee Port & Rail. (Picture courtesy of OPR)

Padbury extends trading suspension

Premier Colin Barnett says he can't see "a great deal of substance" in junior explorer Padbury Mining's claims it has secured a massive $US6.47 billion ($6.89 billion) funding deal to construct a port and rail network at Oakajee, as the company missed a self-imposed deadline to reveal its mystery backer.

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