Company Profile & Strategy
Sheffield Resources is a mineral sands-focused company currently developing and exploring its 100% owned Thunderbird deposit, one of the world’s largest, undeveloped zircon rich mineral sands deposits located in geopolitically stable northern Western Australia.
The Company in March 2017 released to the Australian Securities Exchange the results of the Bankable Feasibility Study for the Thunderbird Mineral Sands Project. This follows the completion in October 2015 of a pre-feasibility study highlighting an economically robust zircon rich project with a 40 year mine life.
The Thunderbird deposit is one of the largest and highest grade mineral sands discoveries in the last 30 years. Once in full production in 2020, 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 as feedstock for both the sulphate pigment market and for high grade (89.8% TiO2) slag manufacture.
The Thunderbird deposit is located in the exciting new mineral sands province of the Canning Basin.In addition to progressing the bankable feasibility study, Sheffield 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 the Thunderbird deposit.
In addition to the northern Canning Basin tenement package, Sheffield downs 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.
The Company continues to utilise its exploration skills and take advantage of exploration opportunities by assembling strategic exploration packages. Sheffield 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.