Company Overview and News
Sheffield Resources has tapped investors for $32 million to fund ongoing development of its Thunderbird mineral sands project in WA.
Sheffield Resources Ltd (ASX:SFX) continues to advance the wholly-owned, world-class Thunderbird Mineral Sands Project, which is located in north-west Western Australia.
Sheffield Resources has announced plans to spin-out its gold and base metals assets into a separate entity and list it on the ASX, as it progresses development of its flagship Thunderbird mineral sands project.
Sheffield Resources has mandated investment vehicle Taurus for a $US200 million ($A255 million) debt finance facility arrangement to be used for the development of its Thunderbird mineral sands project, of which GR Engineering Services has been named preferred contractor.
The environmental watchdog has recommended approval of Sheffield Resources’ Thunderbird mineral sands project in the Kimberley, subject to a number of strict conditions.
Sheffield Resources has secured its second offtake agreement for zircon from the Thunderbird mineral sands project in Western Australia.
Sheffield Resources is set to receive a mining lease for its Thunderbird mineral sands project near Derby, after the Federal Court threw out a native title appeal by a local Aboriginal group.
Sheffield Resources has launched an indigenous employment program for its Thunderbird mineral sands project near Derby, as it deals with an appeal by a local Aboriginal group against recent project approvals.
Aspiring mineral sands miner Sheffield Resources has entered into offtake agreements for 20 per cent of zircon produced from its $348 million Thunderbird project near Derby.
Sheffield Resources has moved to the next stage of progressing its Thunderbird mineral sands project near Derby, after releasing a bankable feasibility study which revealed a development capex of $348 million.
Sheffield Resources (ASX:SFX) has released a bankable feasibility study for its Thunderbird Mineral Sands Project in Western Australia, demonstrating a financially robust and technically strong project.
Annual Results Announcement (Article 4 Transparency Directive, DTR 4.1) for the year ended 31 December 2016
Sheffield Resources Ltd (ASX:SFX) has been granted a trading halt by the ASX this morning, pending details of an equity raising. The halt will remain in place until the opening of trade on Wednesday 24th August 2016, or earlier if an announcement is made to the market.
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