Sheffield Resources is focused on the development of the flagship Thunderbird Mineral Sands Project, one of the world’s largest, undeveloped zircon-rich mineral sands deposits.
Thunderbird is owned by Kimberley Mineral Sands Pty Ltd, a 50/50 joint venture between Sheffield and YGH Australia Investment Pty Ltd (Yansteel), formed in 2021 to develop the Thunderbird Mineral Sands Project.
Thunderbird is located midway between Broome and Derby in northern Western Australia, a low risk mining jurisdiction with a close proximity to Asian markets. Thunderbird is one of the largest and highest grade mineral sands discoveries in the last 30 years. The 2022 Bankable Feasibility Study shows Thunderbird is a technically low risk, that generates strong cash margins from globally significant levels of production over a decades long mine-life.
Thunderbird will generate a high-quality suite of mineral sands concentrate products suited to market requirements. These products include a zircon concentrate and a magnetic concentrate that contains a high quality ilmenite suitable smelting into chloride slag or for manufacturing titanium dioxide pigment.
Thunderbird is located in one of the world’s most attractive mining investment jurisdictions and is well placed to deliver long term, secure supply of high quality products to a range of potential customers.
Kimberley Mineral Sands Pty Ltd (KMS) is a 50:50 Joint Venture between Sheffield and Yansteel. The joint venture owns and is developing the Thunderbird Mineral Sands Project and adjacent tenements on the Dampier Peninsula. KMS is governed by a four person Board of Directors with Sheffield and Yansteel each nominating two directors. Key Joint Venture decisions require unanimous approval of both shareholders. KMS operates as a standalone entity with its own management and employees.