Sheffield Resources Limited · ASX:SFX
Sheffield Resources — TZMI Congress 2013
28 slides from Sheffield Resources's conference presentation, Nov 12, 2013
Slide 1: TZMI Congress 2013 - Dampier Mineral Sands Project
+ For personal use only SFX TZMI CONGRESS 2013 DAMPIER MINERAL SANDS PROJECT LARGE SCALE • HIGH GRADE • PREMIUM PRODUCT• WORLD CLASS
Slide 2: Disclaimer
+Disclaimer For personal use only 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 t
Slide 3: Company Snapshot - Capital Structure and Shareholders
SHAREHOLDER SPLIT Company Snapshot Top 20 No industry For personal use only 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
Slide 4: Company Snapshot - Experienced Team
Company Snapshot For personal use only 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
Slide 5: Company Snapshot - Projects
Company Snapshot For personal use only 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 Append
Slide 6: Key Messages - Thunderbird Mineral Sands
For personal use only 6 Key Messages THUNDERBIRD MINERAL SANDS 6
Slide 7: Large Scale
Large Scale For personal use only 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
Slide 8: Large Scale - Favourable Geometry
Large Scale For personal use only 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
Slide 9: High Grade
High Grade For personal use only THUNDERBIRD MINERAL SANDS 9
Slide 10: High Grade Zone
High Grade For personal use only 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, 0.4
Slide 11: Premium Product
Premium Product For personal use only 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)
Slide 12: World Class - Large Zircon Deposits Discovered in Last 30 Years
For personal use only 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
Slide 13: World Class - Zircon Grade vs TiO2 Grade
World Class For personal use only 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 de
Slide 14: Eneabba vs Thunderbird
+Eneabba (ILU) vs Thunderbird (SFX) For personal use only 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 Ge
Slide 15: World Class - Total VHM in Resources
World Class For personal use only 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
Slide 16: Well Located
Well Located For personal use only 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
Slide 17: Recent Drilling
Recent Drilling For personal use only 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 re
Slide 18: Recent Drilling - Record Intersection
Recent Drilling For personal use only THUNDERBIRD MINERAL SANDS Record intersection 82.5m @ 7.5% HM 82.5m @ 7.53% HM from 24m (THAC311) Open in down-dip direction 18
Slide 19: Recent Drilling - Grade Continuity
Recent Drilling For personal use only THUNDERBIRD MINERAL SANDS Excellent continuity of high grade (>7.5% HM) demonstrated by closely- spaced drilling 19
Slide 20: Timeline Next Steps
Timeline Next Steps For personal use only 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
Slide 21: Conclusion
For personal use only 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
Slide 22: Thank you
For personal use only 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
Slide 23: Appendices
For personal use only Appendices 23
Slide 24: Appendix Resource Inventory
Appendix 1 Resource Inventory For personal use only 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 Infe
Slide 25: Appendix HMS Mineral Resource Inventory Oct 2013
Appendix 2 HMS Mineral Resource1 Inventory 30 Oct 2013 For personal use only 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 D
Slide 26: Appendix Thunderbird Product Specifications
Appendix 3 Thunderbird Product Specifications For personal use only 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
Slide 27: Appendix Other Mineral Sands Projects - Eneabba
Appendix 4 Other Mineral Sands Projects For personal use only 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 H
Slide 28: Appendix Other Mineral Sands Projects - McCalls
Appendix 4 Other Mineral Sands Projects For personal use only 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 a