Sheffield Resources Limited · ASX:SFX
Sheffield Resources — Investor Presentation (March 2013)
20 slides from Sheffield Resources's investor presentation, Mar 25, 2013
Slide 1: Sheffield Resources Ltd Investor Update
For personal use only Sheffield Resources Ltd Investor Update 25 March 2013 ASX:SFX | www.sheffieldresources.com.au
Slide 2: Company Snapshot
Company Snapshot For personal use only Capital Structure Board & Management Share price $0.69 Will Burbury Executive Chairman Shares on issue 101.7m Bruce McQuitty Managing Director Options (Ave. Ex Price ~25.9c) 25.1m David Archer Technical Director Market Cap (Undiluted) $70.1m David Boyd Explorat
Slide 3: Investment Summary
Investment Summary For personal use only Dampier – Heavy Mineral Sands (HMS) – flagship Project • Thunderbird – a world class deposit Locations 517Mt @ 10.1% HM High Grade Zone1,2 (open) High quality zircon and titanium mineral products • Canning Basin – new minerals sands province Dampier – HMS • T
Slide 4: Dampier HMS
Dampier HMS For personal use only Thunderbird discovery is well located • 30km north of sealed Broome-Derby Highway • 140km by road to either Derby or Broome ports • On crown land (pastoral lease) • Abundant available fresh groundwater suitable for processing • Close to recently discovered Yulleroo
Slide 5: Thunderbird HMS Discovery – Globally Significant
Thunderbird HMS Discovery – Globally Significant For personal use only Maiden Mineral Resource December 2012 • 1.37Bt @ 6.1% HM (Indicated & Inferred)1 • Heavy Mineral assemblage: 6.9% zircon, 1.6% rutile, 4.3% leucoxene, 29% ilmenite High Grade Zone • Coherent High Grade Zone (at 7.5% HM cut-off) o
Slide 6: Thunderbird HMS Discovery
Thunderbird HMS Discovery For personal use only Thunderbird has scale, high grade & favourable geometry • Strike potential of 15 km (only 8km drilled), width 4km • Thickness up to 52m, average 38m • Mineralisation shows excellent continuity • Mineralisation outcrops, dipping shallowly to southwest •
Slide 7: Thunderbird – Metallurgy
Thunderbird – Metallurgy For personal use only Outstanding Results from Bulk Sample Metallurgical Testwork • High quality zircon, ilmenite, rutile and leucoxene products • Primary zircon expected to meet specifications of premium market • Primary ilmenite product with 57.7% TiO2 and low contaminant
Slide 8: Thunderbird – a World Class Deposit
Thunderbird – a World Class Deposit For personal use only • Amongst the highest in situ Zircon and TiO2 mineral grades • One of the largest deposits in terms of contained valuable HM • High quality HM products In Situ TiO2 Mineral Grade (Rut+Lux+Ilm) % Toliara (WTR) Bubble size is proportional to to
Slide 9: Globally Significant Mineral Sands Resource Inventory
Globally Significant Mineral Sands Resource Inventory For personal use only Total Valuable Heavy Mineral (VHM) in Resources (Mt) 250 200 150 100 50 0 1 Kenmare Iluka Sheffield WTR MDL Sierra Diatreme Gunson Image Base MZI Rutile (Kwale) Thunderbird discovery has boosted Sheffield ‘s resource invento
Slide 10: Dampier HMS – Exploration Upside
Dampier HMS – Exploration Upside For personal use only Zircon Tail Cleaner stage gravity separation of HM on bulk sample from Argo Prospect the Argo prospect. Source: Rio Tinto Exploration Pty Ltd open file report. • 12km west of Thunderbird • High priority drilling target with established mineralis
Slide 11: Thunderbird – Next Steps
Thunderbird – Next Steps For personal use only Financial/development modelling • Scoping studies Q2-Q3 2013 • Pre-feasibility to commence Q4 2013 Further Evaluation Q2-Q3 2013 • Additional bulk sample met testwork for process design & marketing studies • Infill drilling to upgrade resource classific
Slide 12: Red Bull Nickel
Red Bull Nickel For personal use only • Red Bull Project comprises two granted exploration licences with a combined area of 525km2 • Recent Kitchener Project application expands Sheffield’s footprint • Red Bull is within 20km of Sirius Resources NL’s (ASX:SIR) Nova discovery, within similar prospect
Slide 13: Red Bull Nickel VTEM Survey
Red Bull Nickel VTEM Survey For personal use only • VTEM survey flown in November 2012 • Target area 144sq km, mostly under shallow transported cover • 4 high order EM anomalies identified in southern survey area, of which 3 have coincident magnetic anomalies • Over 10 second order EM anomalies iden
Slide 14: Red Bull Nickel - Fixed Loop EM Results
Red Bull Nickel - Fixed Loop EM Results For personal use only Anomaly RB_VA1 Fixed Loop EM (FLTEM) Survey • Targeted 3 High Order EM Anomalies (RB_VA1-3) in southern survey area • Defined strong bedrock conductors (~5,000-10,000S) consistent with targeted massive sulphide bodies (e.g. FLTEM Ch 30 No
Slide 15: Red Bull Nickel - Other Targets
Red Bull Nickel - Other Targets For personal use only Targets from historic data review • 8km long anomalous Ni-Cu trend identified from historical aircore drilling results • Maximum values 0.34% Ni, 670ppm Cu, 320ppm Co • Favourable mafic and ultramafic host rocks and large structures • Disseminate
Slide 16: Summary
Summary For personal use only • A globally significant mineral sands resource base built from organic exploration success • Dampier HMS Project – excellent metallurgical results underscore world class status of Thunderbird HMS deposit • Canning Basin - a new HMS province with more discoveries to be
Slide 17: For further information please contact
For personal use only For further information please contact: Sheffield Resources Ltd 14 Prowse Street West Perth WA 6005 Ph +61 (8) 6424 8440 www.sheffieldresources.com.au info@sheffieldresources.com.au ASX:SFX | www.sheffieldresources.com.au 17
Slide 18: Disclaimer
Disclaimer For personal use only COMPETENT PERSONS’ STATEMENT – EXPLORATION RESULTS The information in this presentation that relates to exploration results is based on information compiled by David Archer and David Boyd. Both Mr Archer and Mr Boyd are full time employees of the Company and are Memb
Slide 19: Appendix: Resource Inventory
Appendix 1 Resource Inventory For personal use only Sheffield’s contained Valuable HM (VHM)* Resource Inventory at 30 Jan 2013 Deposit Resource Category Zircon Rutile Leuc. Ilmenite Total VHM (‘000t) (‘000t) (‘000t) (‘000t) (‘000t) Thunderbird Indicated 1,483 344 924 6,256 9,007 Thunderbird Inferred
Slide 20: Appendix: HMS Mineral Resource Inventory Jan 2013
Appendix 2 HMS Mineral Resource1 Inventory 30 Jan 2013 For personal use only Project Deposit Resource Cut-off Material Bulk HM Slimes Osize In-situ HM Zircon Rutile Leuc. Ilmenite Category (% HM) (Mt)* Density % % % (Mt)* % % % % DAMPIER Thunderbird Indicated 2.0 299 2.1 7.2 19 14 21.5 6.9 1.6 4.3 2
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