Sheffield Resources

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 has recently commenced a high quality bankable feasibility study on its flagship Thunderbird mineral sands project following the recent conclusion 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 2019, Thunderbird will provide the market with approximately 6% of the world's zircon and approximately 3% of the world's ilmenite. The upgraded ilmenite will be one of the highest high grade (56% TiO2) sulphate ilmenite's 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 the 5,794 km2 tenement package for new zircon rich discoveries. Further regional drilling is planned in 2016 to test the newly discovered Night Train deposit and several other targets adjacent to the Thunderbird deposit. 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 also offers investors exposure to the emerging Fraser Range nickel province. Sheffield's tenement holding in the Fraser Range region comprises 15 granted exploration licences and 4 exploration licence applications with a total area of over 1,900km2. The project also contains gold and nickel targets in the adjacent Tropicana Belt previously identified by historic drilling. The Company will continue to utilise its exploration skills and take advantage of exploration opportunities by assembling strategic exploration packages. As previously demonstrated, Sheffield will periodically review 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.