Sheffield Resources Limited · ASX:SFX

Sheffield Resources — TZMI Congress 2013

28 slides from Sheffield Resources's conference presentation, 2013

  1. Slide 1: TZMI Congress 2013 – Dampier Mineral Sands Project

    + SFX TZMI CONGRESS 2013 DAMPIER MINERAL SANDS PROJECT LARGE SCALE • HIGH GRADE • PREMIUM PRODUCT• WORLD CLASS

  2. Slide 2: Disclaimer

    +Disclaimer COMPETENT PERSONS’ STATEMENT – EXPLORATION RESULTS The information in this presentation that relates to reporting of resource and exploration results is based on information compiled under the guidance of Mark Teakle. Mr Teakle The information in this presentation that relates to explora

  3. Slide 3: Company Snapshot

    SHAREHOLDER SPLIT Company Snapshot Top 20 No industry 36% major on register Shareholders High $0.78 2,000,000 $0.80 Directors 19.5% 1,800,000 $0.70 1,600,000 $0.60 CAPITAL STRUCTURE 1,400,000 1,200,000 $0.50 Share price $0.50 1,000,000 $0.40 800,000 Shares on issue 118.3m $0.30 600,000 $0.20 Options

  4. Slide 4: Company Snapshot – Experienced Team

    Company Snapshot EXPERIENCED TEAM Board & Management Will Burbury Executive Chairman Bruce McQuitty Managing Director David Archer Technical Director David Boyd Exploration Manager Mark Teakle Project Development Manager 4

  5. Slide 5: Company Snapshot – Projects

    Company Snapshot PROJECTS Dampier - HMS Flagship - Thunderbird Total Resource 1.37Bt @ 6.1% HM (83Mt HM)1 including 517Mt @ 10.1% HM Eneabba - HMS Strategic resource base McCalls - HMS Global scale chloride ilmenite deposit Red Bull - Nickel Fraser Range Ni-Cu 1 Refer to Appendices 1 & 2 5

  6. Slide 6: Key Messages

    6 Key Messages THUNDERBIRD MINERAL SANDS 6

  7. Slide 7: Large Scale

    Large Scale THUNDERBIRD MINERAL SANDS  Maiden Mineral Resource  1.37Bt @ 6.1% HM (Indicated & Inferred)1  Heavy Mineral assemblage: 6.9% zircon 1.6% rutile 4.3% leucoxene 29% ilmenite SCALE: In relation to Kowloon 1At 2% HM cut-off Refer to Appendices 1 & 2 7

  8. Slide 8: Large Scale

    Large Scale THUNDERBIRD MINERAL SANDS  Favourable Geometry E EI 4km  Area 4km x 5km  Thickness up to 82m, average 38m  Strong grade continuity  40% of deposit has <3m overburden  Mostly above water table  Deposit open in most directions – exploration upside  Extensions targeted in recent dri

  9. Slide 9: High Grade

    High Grade THUNDERBIRD MINERAL SANDS 9

  10. Slide 10: High Grade

    High Grade THUNDERBIRD MINERAL SANDS  High Grade Zone  Coherent High Grade Zone of 517Mt @ 10.1% HM, (Indicated & Inferred)1 High Grade  Containing: 3.6Mt zircon, 0.8Mt Zone rutile, 2.2Mt leucoxene and 15.2Mt ilmenite  High in-situ VHM grades: 0.7% zircon, 0.16% rutile, 0.44% leucoxene and 2.9%

  11. Slide 11: Premium Product

    Premium Product THUNDERBIRD MINERAL SANDS  Highly Marketable Products as 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)  Primary ilmenite has

  12. Slide 12: World Class – Large zircon deposits discovered in last 30 years

    Contained zircon (Mt) 0 2 4 6 8 10 12 14 1983 1984 1985 1986 1987 1988 1989 Grand Cote (MDL) 1990 1991 McCalls (SFX) World Class 1992 1993 1994 1995 1996 Moma (KMR) 1997 Puttalam (ILU) THUNDERBIRD MINERAL SANDS 1997 Kwale (BSE) 1998 Douglas (ILU) Year of Discovery 1999 Toliara (WTR) 2000 Coburn (GUN

  13. Slide 13: World Class – In situ grade comparison

    World Class THUNDERBIRD MINERAL SANDS 7.00 6.00 Puttalam (ILU) Amongst the In Situ TiO2 Mineral Grade (Rut+Lux+Ilm) % 5.00 Toliara (WTR) Douglas (ILU) world’s largest 4.00 Kwale (BSE) Thunderbird High Grade Zone 517Mt @ 10.1% HM (SFX) and highest 3.00 Thunderbird (SFX) grade deposits 1.37Bt @ 6.1% H

  14. Slide 14: Eneabba (ILU) vs Thunderbird (SFX)

    +Eneabba (ILU) vs Thunderbird (SFX)  Eneabba  Thunderbird  20-30Mt VHM2  35Mt VHM mined 1974- after 1 drilling 2013 programme  Complex  Simple geometry geometry  Multiple  More mineral, deposits less area 2 Shepherd, M.S. 1990 . Eneabba heavy mineral sand placers, in Geology of the Mineral D

  15. Slide 15: World Class – Total VHM in Resources

    World Class THUNDERBIRD MINERAL SANDS Total Valuable Heavy Mineral (VHM) in Resources (Mt) The Thunderbird 250 discovery has 200 boosted Sheffield’s 150 resource inventory 100 to 90Mt VHM1 50 0 Data compiled by SFX from open file sources. 1 Refer to Appendices 1 & 2 15

  16. Slide 16: Well Located

    Well Located DAMPIER MINERAL SANDS PROJECT  30km north of sealed Broome-Derby Hwy  140km by road to either Derby or Broome ports  Outside National Heritage Estate areas  Close to Yulleroo Gas Field  Close to Asian markets 16

  17. Slide 17: Recent Drilling

    Recent Drilling THUNDERBIRD MINERAL SANDS  2013 drilling campaign completed in October  281 aircore drill holes for 18,845m  Infill drilling aimed at improving resource 82.5m @ 7.53% HM classification (THAC311)  Step-out drilling to expand resource  40% of assay results returned to date  Recor

  18. Slide 18: Recent Drilling

    Recent Drilling THUNDERBIRD MINERAL SANDS  Record intersection 82.5m @ 7.5% HM 82.5m @ 7.53% HM from 24m (THAC311)  Open in down-dip direction 18

  19. Slide 19: Recent Drilling

    Recent Drilling THUNDERBIRD MINERAL SANDS  Excellent continuity of high grade (>7.5% HM) demonstrated by closely- spaced drilling 19

  20. Slide 20: Timeline Next Steps

    Timeline Next Steps Scoping studies Drilling completed Drilling results Pre-feasibility from Oct-Dec DFS Resource Development update 2013 Q2 2013 Q3 2013 Q4 2014 2015 2016 Permitting & Approvals 20

  21. Slide 21: Conclusion

    Conclusion  Thunderbird - a World Class HMS deposit  Once in a decade discovery  High quality zircon & ilmenite products  100% owned by Sheffield, market cap $60m  Financing/partnering/offtake optionality retained  Scoping Study Q1 2014, moving to PFS in 2014 21

  22. Slide 22: Thank you

    Thank you For further information please contact: Sheffield Resources Ltd 14 Prowse Street West Perth WA 6005 Ph +61 (8) 6424 8440 info@sheffieldresources.com.au www.sheffieldresources.com.au

  23. Slide 23: Appendices

    Appendices 23

  24. Slide 24: Appendix 1 Resource Inventory

    Appendix 1 Resource Inventory Sheffield’s contained Valuable HM (VHM)* Resource Inventory at 30 October 2013 Deposit Resource Category Zircon (‘000t) Rutile (‘000t) Leuc. (‘000t) Ilmenite (‘000t) Total VHM (‘000t) Thunderbird Indicated 1,483 344 924 6,256 9,007 Thunderbird Inferred 4,270 990 2,661 1

  25. Slide 25: Appendix 2 HMS Mineral Resource Inventory 30 Oct 2013

    Appendix 2 HMS Mineral Resource1 Inventory 30 Oct 2013 Project Deposit Resource Category Cut-off Material Bulk Density HM Slimes %3 Osize In-situ HM Zircon2 Rutile2 Leuc.2 Ilmenite2 (% HM) (Mt)* % % (Mt)* % % % % Thunderbird Indicated 2.0 299 2.1 7.2 19 14 21.5 6.9 1.6 4.3 29 DAMPIER Thunderbird Inf

  26. Slide 26: Appendix 3 Thunderbird Product Specifications

    Appendix 3 Thunderbird 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 26

  27. Slide 27: Appendix 4 Other Mineral Sands Projects – Eneabba

    Appendix 4 Other Mineral Sands Projects ENEABBA  Total Mineral Resources: 302Mt @ 2.2% HM (6.76Mt HM)  Comprising 5 deposits, each with over 1Mt contained HM  Established mining district  Adjacent to Tronox’s Dongara project  Considerable exploration upside – 4 new dunal HM targets  Dual depos

  28. Slide 28: Appendix 4 Other Mineral Sands Projects – McCalls

    Appendix 4 Other Mineral Sands Projects MCCALLS  Global scale chloride ilmenite deposit  Mineral Resource 4.4Bt @ 1.2% HM (53Mt HM)  Mineral assemblage includes: 80.8% ilmenite at 66% TiO2  Evaluating as a potential dredge project  2012 drilling results highlight central area as having higher g

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