Eneabba Project

A Mineral Resource update for the Eneabba Project has been reported in Sheffield’s October 2018 Mineral Resource and Reserve Statement (see ASX release 03 October 2018) in compliance with JORC 2012 Reporting Code. The Eneabba Project comprises seven mineral sands deposits: Drummond Crossing, Durack, Ellengail, Robbs Cross, Thomson, West Mine North and Yandanooka. This Project is located approximately 220km north of Perth, near existing mineral sands operations and a network of highways and railway lines connecting to the Geraldton and Fremantle/Kwinana ports.

The Mineral Resource inventory attributable to the Eneabba Project as at 1 October 2018, reported by JORC Code classification and above a cut-off grades of 1.4% total heavy minerals (THM) (Drummond Crossing, Durack, Robbs Cross, Thomson and Yandanooka) and 2.0% HM (Ellengail and West Mine North) and below a cut-off grade of 35% slimes (Durack and West Mine North) is a combined Mineral Resource totaling 193 million tonnes @ 3.0% HM (Measured, Indicated and Inferred) containing 4.8 million tonnes of VHM. At various HM cut-offs the seven Resources at Eneabba total 4,762kt of contained VHM comprising 3,423kt of ilmenite, 705kt of zircon, 392kt of rutile and 242kt of leucoxene.

Sheffield’s strategy at Eneabba is to accumulate deposits capable of supporting a sequential mining operation with a flexible mobile plant.