Company Profile & Strategy
Sheffield Resources is focused on the development of its flagship Thunderbird Mineral Sands Project, one of the world’s largest, undeveloped zircon-rich mineral sands deposits.
Thunderbird is located midway between Broome and Derby in northern Western Australia, a low risk mining jurisdiction with a close proximity to Asian markets.
The Company in March 2017 Sheffield released the results of a Bankable Feasibility Study on Thunderbird in March 2017, which followed the completion of a pre-feasibility study in October 2015. Both studies demonstrated an economically robust, zircon-rich project with a plus 40-year mine life.
The Thunderbird deposit is one of the largest, highest grade mineral sands discoveries in the last 30 years. After reaching full production, Thunderbird will provide the market with approximately 6% of the world’s zircon and approximately 3% of the world’s ilmenite. The ilmenite will be one of the highest high grade (56% TiO2) sulphate ilmenites globally with specifications well suited to the the sulphate pigment market and for high grade (89.8% TiO2) slag manufacture.
Thunderbird is located in an exciting new mineral sands province in the Canning Basin. As Sheffield moves closer to the development of the project, it continues to explore its large tenement package for new zircon rich discoveries. Further regional drilling is planned in 2018 to test the Night Train prospect, discovered in 2014, and several other targets adjacent to Thunderbird. Sheffield's exploration strategy is to target additional large, high-value, zircon rich deposits suitable for downstream processing at the Thunderbird Dry Mineral Separation Plant (MSP).
In addition to the northern Canning Basin tenement package, Sheffield owns 100% of the Eneabba and McCalls mineral sands projects located in the established North Perth Basin mineral sands province in Western Australia’s Mid-west region. These projects have substantial mineral resources and are well located with respect to existing infrastructure.
Sheffield continues to utilise its exploration skills and take advantage of exploration opportunities by assembling strategic exploration packages. The Company periodically reviews its project portfolio with a view to divesting or partnering non-core assets to continue to add value for its shareholders. During the last few years Sheffield has sold two iron projects and a potash project. In December 2017 Sheffield spun out its non-mineral sands exploration assets into a new, independent company Carawine Resources Ltd which successfully listed on the ASX on 14 December 2017.