Bankable Feasibility Study

Sheffield Resources Limited –Thunderbird Bankable Feasibility Study Download

On Friday, 24 March 2017, Sheffield Resources Limited (ACN 125 811 083) (“Sheffield” or “the Company”) released to the Australian Securities Exchange (“ASX”) the results of the Bankable Feasibility Study for its Thunderbird Mineral Sands Project (“Thunderbird BFS” or “Report”). “potential”, “prospective” and similar expressions.

IMPORTANT NOTICE

An electronic copy of the Thunderbird BFS can be obtained in PDF format by clicking below, by which you confirm various matters described below, including that you have read, understood and agreed to the following important information.

The contents of the Thunderbird BFS reflect various technical and economic conditions at the time of writing. Given the nature of the resources industry, these conditions can change significantly over relatively short periods of time. Consequently, actual results may be more or less favourable than those presented in the Report. The Thunderbird BFS uses terminology according to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 in keeping with Sheffield’s ASX Listing Rule obligations.

CAUTIONARY STATEMENTS AND RISK FACTORS

Some statements in the Report regarding estimates or future events are forward-looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward-looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, "predict", "foresee", "proposed", "aim", "target", "opportunity". “could”, “nominal”, “conceptual” and similar expressions. Forward-looking statements, opinions and estimates included in the Report are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions.

Forward-looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance. Forward-looking statements may be affected by a range of variables that could cause actual results to differ from estimated results, and may cause the Company’s actual performance and financial results in future periods to materially differ from any projections of future performance or results expressed or implied by such forward-looking statements. So there can be no assurance that actual outcomes will not materially differ from these forward-looking statements.

These statements are subject to significant risks and uncertainties that include but are not limited to those inherent in mine development and production, geological, mining, metallurgical and processing technical problems, the inability to obtain and maintain mine licenses, permits and other regulatory approvals required in connection with mining and processing operations, the risk of errors or changes in mineralisation estimates and production targets, competition for among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel, incorrect assessments of the value of projects and acquisitions, changes in commodity prices and exchange rates, currency and interest rate fluctuations and other adverse economic conditions, the potential inability to market and sell products, various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions, the demand for and availability of transportation services, environmental, native title, heritage, taxation and other legal problems, the potential inability to secure adequate financing and management's potential inability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be correct.

Please also refer to the additional risk factors of the Company's ASX announcement of the results of theThunderbird BFS on Friday, 24 March 2017.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and on a reasonable basis. No representation or warranty, express or implied, is made by the Company that the matters stated in the Report will in fact be achieved or prove to be correct.

Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in the Report and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in the Report or any error or omission there from.

The Report does not take into account the individual investment objectives, financial or tax situation or particular needs of any person. It does not contain financial advice. You should consider seeking independent legal, financial and taxation advice in relation to the contents of the Report.

Except as required by applicable law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statement to reflect events or circumstances after the date of the Report, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

GENERAL DISCLAIMER

The Thunderbird BFS is an important technical document that should be read in its entirety, should you choose to download and consider it. If you do not understand it you should consult your professional adviser.

The information on this website or in the Thunderbird BFS is provided for information purposes only and is subject to change without notice. Nothing contained on this website or in the Thunderbird BFS constitutes investment, legal, accounting, business, tax or other advice, nor is it to be relied on in making an investment in Sheffield. The information on this website and in the Thunderbird BFS does not take into account your personal investment objectives, financial or tax situation or particular needs.

By continuing and accessing the Thunderbird BFS, you are taken to have:

  • confirmed that you have read and understood the notices and terms set out above;
  • confirmed that you are either accessing the Thunderbird BFS from Australia or that you are not accessing the Thunderbird BFS from a jurisdiction in which it would be illegal for you to access it;
  • agreed that you are accessing the Thunderbird BFS on the basis of the above; and
  • agreed to be bound by the terms of this website.

I/we acknowledge these notices and terms and agree to be bound by them.
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