Slide 1: Thunderbird HMS Deposit Investor Update
+ For personal use only SFX Thunderbird HMS Deposit Investor Update 24th MARCH 2014 LARGE SCALE HIGH GRADE PREMIUM PRODUCT WORLD CLASS
Slide 2: Disclaimer
+ Disclaimer For personal use only MINERAL RESOURCES The information in this report that relates to Mineral Resources is based on information compiled under the This report also includes information that relates to Mineral Resources which were prepared and first disclosed under the guidance of Mr Ma
Slide 3: Key Messages
For personal use only Key Messages THUNDERBIRD MINERAL SANDS 3
Slide 4: Company Snapshot and Capital Structure
Shareholder Split 3 Year Performance Top 20 36% Share Price 138% For personal use only Shareholders Directors 19.4% Market Cap +388% Company Snapshot Capital Structure Share price $0.69 Shares on issue 119.6m Employee Options 8.1m (Ave. Ex Price 68c) Market Cap (Undiluted) $82.5m Cash (At 31 Dec, no
Slide 5: Management
Management For personal use only PROVEN TRACK RECORD Board & Management History of successful exploration and Will Burbury Executive Chairman corporate transactions Built global scale HMS resource base in 3 years Bruce McQuitty Managing Director 37 years of collective mineral sand experience D
Slide 6: Strategic Location
Strategic Location For personal use only DAMPIER MINERAL SANDS PROJECT THUNDERBIRD 30km north of sealed Broome - Derby Highway 140km by road to either Broome or Derby ports Gas discoveries nearby Close to Asian markets CANNING BASIN Thunderbird first major HMS discovery in the province S
Slide 7: Large Scale, High Grade: March 2014 Resource Update
Large Scale, High Grade For personal use only THUNDERBIRD MINERAL SANDS MARCH 2014 RESOURCE UPDATE Mineral Resources 2 Valuable HM Grade (in situ) 1 Material HM Zircon HiTi Leucoxene Leucoxene Ilmenite Resource Category Cut-off HM% Million Tonnes % % % % % Measured 3.0 75 7.5 0.68 0.20 0.18 2.2 Indi
Slide 8: Large Scale, High Grade
Large Scale, High Grade For personal use only THUNDERBIRD MINERAL SANDS Total Mineral Resource 2.62Bt @ 6.5% HM (Measured, Indicated & Inferred)1 Includes coherent high grade component of 740Mt @ 12.1% HM (Measured, Indicated & Inferred)2 1 At 3% HM cut-off. Refer to Appendices 6 & 7. 2 At 7.5%
Slide 9: Improved Confidence
Large Scale, High Grade THUNDERBIRD MINERAL SANDS For personal use only IMPROVED CONFIDENCE 529% increase in Total Mineral Resource tonnage in Measured and Indicated categories1 1. Refer to Appendices 6 & 7 9
Slide 10: Continuity of High Grade Zone
Large Scale, High Grade For personal use only THUNDERBIRD MINERAL SANDS CONTINUITY OF HIGH GRADE ZONE Key to Thunderbird is the continuous high grade zone >7.5% HM (mostly >10% HM) This zone occurs at or near surface in the northeastern section of the deposit Prime target for early development
Slide 11: High Grade In Situ Zircon and Titanium
Large Scale, High Grade For personal use only THUNDERBIRD MINERAL SANDS HIGH GRADE IN SITU ZIRCON AND TITANIUM The in situ zircon and titanium mineral grades are amongst the highest in the world for deposits greater than 100Mt in size High in-situ VHM grades1: 0.92% zircon 0.29% HiTi leucoxene
Slide 12: World Class
World Class For personal use only THUNDERBIRD MINERAL SANDS 7.00 In Situ TiO2 Mineral Grade (Rut+Lux+Ilm) % 6.00 Puttalam (ILU) Fairbreeze (TROX) Amongst the 5.00 Douglas (ILU) world’s largest Toliara (WTR) 4.00 Thunderbird High Grade Zone and highest 740Mt @ 12.1% HM @ 7.5% c/o (SFX) Namakwa (TROX)
Slide 13: Large Zircon Deposits Discovered Over Past Decades
World Class For personal use only THUNDERBIRD MINERAL SANDS LARGE ZIRCON DEPOSITS DISCOVERED OVER PAST 30 YEARS 16 14 Most significant Contained zircon (Mt) 12 10 discovery in 8 decades: 6 Grade and 4 Scale 2 0 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1997 1998 1999
Slide 14: Metallurgy: Conventional Processing
Metallurgy For personal use only THUNDERBIRD MINERAL SANDS CONVENTIONAL PROCESSING 6 tonne bulk sample from 2012 drilling processed at RJ Robbins Laboratory Mineralisation responds well to conventional processing techniques Slimes have low clay content – requiring low flocculant dosages Proc
Slide 15: Premium Products
Premium Products For personal use only THUNDERBIRD MINERAL SANDS HIGHLY MARKETABLE PRODUCTS Assessed by TZMI Premium grade zircon suitable for ceramics (largest sector of zircon market) Primary ilmenite suitable for sulphate pigment process or sulphate or chloride slag (broad customer base) Th
Slide 16: Dampier Timeline
Dampier Timeline For personal use only Resource Update Scoping Study DFS Drilling Completed Pre-feasibility Development 2013 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 2016 Permitting & Approvals Regional Exploration ENVIRONMENTAL STUDIES WELL ADVANCED Level 2 Flora and Fauna surveys nearing completion
Slide 17: Conclusion: A World Class HMS Deposit
For personal use only Conclusion: A World Class HMS deposit Once in a decade discovery: grade and scale High quality zircon & ilmenite Highly marketable product suite Scoping study results imminent Moving to PFS in 2014 17
Slide 18: For further information please contact
For personal use only For further information please contact: Sheffield Resources Ltd Level 1, 57 Havelock Street West Perth WA 6005 Ph +61 (8) 6424 8440 info@sheffieldresources.com.au www.sheffieldresources.com.au
Slide 19: Appendices
For personal use only Appendices 19
Slide 20: Appendix 1: Project Locations
Appendix 1: Project Locations For personal use only PROJECTS (ALL 100% SFX) Dampier - HMS Flagship - Thunderbird Total Resource 2.62Bt @ 6.5% HM (170Mt HM)1 including 740Mt @ 12.1% HM North Pilbara Iron High grade DSO target Eneabba - HMS Strategic resource base McCalls HMS Very large chloride ilmen
Slide 21: Appendix 1: Other Projects - Red Bull
Appendix 1: Other Projects For personal use only RED BULL (Ni-Cu) Within 20km of Sirius Resources Nova discovery in Fraser Range Nickel Province Phase 2 AC Drilling outlined more large Ni-Cu- Co anomalies Stud anomaly strike length 1.8km at 0.2% Ni cut-off, best 5m @ 0.73% Ni New Ni-Cu-Co (P
Slide 22: Appendix 2: Other Projects - North Pilbara
Appendix 2: Other Projects For personal use only NORTH PILBARA (IRON) Targeting DSO on 4 granted exploration licenses in North Pilbara Tenements strategically located High-grade outcropping iron mineralisation identified at Panorama and Mt Vettel Mt Vettel high-grade DSO target: Average 61
Slide 23: Appendix 3: Other Projects - McCalls
Appendix 3: Other Projects For personal use only MCCALLS (MINERAL SANDS) Global scale chloride ilmenite deposit Mineral Resource 4.4Bt @ 1.2% HM (53Mt HM)1 Mineral assemblage includes: 80.8% ilmenite at 66% TiO2 Evaluating as a potential dredge project 2012 drilling results highlight centr
Slide 24: Appendix 4: Other Projects - Eneabba
Appendix 4: Other Projects For personal use only ENEABBA (MINERAL SANDS) Total Mineral Resources: 302Mt @ 2.2% HM (6.76Mt HM)1 Comprising 5 deposits, each with over 1Mt contained HM Established mining district Adjacent to Tronox’s Dongara project Considerable exploration upside – 4 new dun
Slide 25: Appendix 6: Resource Inventory
Appendix 6: Resource Inventory SHEFFIELD’S CONTAINED VALUABLE HM (VHM)* For personal use only RESOURCE INVENTORY AT 19 MARCH 2014 Deposit Resource Category Zircon (‘000t) Rutile (‘000t) HiTi Leuc. (‘000t) Leuc. (‘000t) Ilmenite (‘000t) Total VHM (‘000t) Thunderbird Measured 510 - 150 140 1,660 2,450
Slide 26: Appendix 7: HMS Mineral Resource Inventory March 2014
Appendix 7: HMS Mineral Resource1 For personal use only INVENTORY 19 MARCH 2014 2 Cut-off Material HM Osize In-situ HM Zircon2 Rutile2 HiTi Leuc. % Leuc.2 Ilmenite2 Project Deposit Resource Category Bulk Density Slimes %3 (% HM)3 (Mt)* % % (Mt)* % % % % Thunderbird Measured 3.0 75 2.1 7.5 19 11 6 9.
Slide 27: Appendix 8: Thunderbird Product Specifications
Appendix 8: Thunderbird For personal use only PRODUCT SPECIFICATIONS PRIMARY ZIRCON SPECIFICATIONS ZrO2 % Fe2O3 % TiO2% Al2O3% P2O5% 66.2 0.05 0.09 0.10 0.14 PRIMARY ILMENITE SPECIFICATIONS TiO2 % FeO % Fe2O3 % SiO2 % Al2O3% Cr2O3 % ZrO2 % 50.1 8.0 36.4 1.6 0.3 0.05 0.00 27