Sheffield Resources Limited uploaded a Presentation
November 30, 2023
Macquarie Western Australia Forum Presentation
Highlights:
CORE ASSET
- Thunderbird Mineral Sands Mine (50% interest)
- Production commenced, ramp up underway
- A$60m cash buffer at start up
- On target for first customer deliveries in Q1 2024
- Stage 1 NPV8 $842m, generating ~$120m pa of cash to Sheffield following debt repayment (mid FY2027 in the base case)
KMS GROWTH
- Enhance KMS through
- Thunderbird Stage 2, incremental NPV8 of $548m
- Additional zones of mineralisation along a 120 km trend
- East Derby construction sand opportunity
SOUTH ATLANTIC
- South Atlantic Option
- Exploration Target ranging between 500 to 720Mt at 3.2 to 4.0% HM2
- Exploration Targets comprising sulfate ilmenite and zircon
- Option Agreement executed with US$2.5m contribution to fund de-risking activities
FUTURE GROWTH
- Review of other quality mineral sands opportunities
- Targeting advanced projects with potential to unlock value by applying Sheffield’s mineral sands and funding experience