Sheffield Resources Limited · ASX:SFX
Sheffield Resources — TZMI Congress 2023
26 slides from Sheffield Resources's conference presentation, Nov 17, 2023
Slide 1: From Developer to Producer
FROM DEVELOPER TO PRODUCER BRUCE GRIFFIN EXECUTIVE CHAIR TZMI Congress 17 November 2023 ASX: SFX www.sheffieldresources.com.au
Slide 2: Notice and Disclaimer
NOTICE AND DISCLAIMER IMPORTANT: You must read the following in conjunction with this document. Summary information in relation to Sheffield This document contains summary information about Sheffield Resources Limited (ACN 125 811 083) (Company or Sheffield), its subsidiaries and their activities wh
Slide 3: Sheffield Resources
SHEFFIELD RESOURCES Assembling a portfolio of global mineral sands development and production assets to generate cash returns and growth CORE ASSET KMS GROWTH S O U T H AT L A N T I C FUTURE GROWTH Thunderbird Mineral Sands Enhance KMS through South Atlantic Option Review of other quality mineral Mi
Slide 4: Step 1: Make the Project Bankable
HOW DID WE GET HERE? Address key risks identified during project financing phases Oversize and Induration ++ Mining trial ++ Design mining fleet and DMU for expected mining conditions STEP 1: Fine Ore ++ 7 stage WCP MAKE THE ++ Extensive flowsheet development PROJECT Capital Intensity BANKABLE ++ Co
Slide 5: Step 2: Complete on Time & on Budget
HOW DID WE GET HERE? ON TIME ♦ Advance project during dry seasons, using Yansteel $143m equity ♦ Secure complete funding solution to enable FID ♦ Q4 2023 first production target - achieved 23 October 2023 STEP 2: ♦ Target date for first customer shipments – Q1 2024, on track COMPLETE ON BUDGET ♦ Pro
Slide 6: The Thunderbird Journey – Q1 2022 Clearing Site Mobilisation
THE THUNDERBIRD JOURNEY – Q1 2022 CLEARING SITE MOBILISATION 6
Slide 7: Q2 2022 Accommodation Village, Process Plant Civils
Q2 2022 ACCOMMODATION VILLAGE 7 PROCESS PLANT CIVILS
Slide 8: FID & Activity Ramp Up – Q3 2022
FID & ACTIVIT Y RAMP UP– Q3 2022 ACCOMMODATION PROCESS WATER POND 8 PLANT SITE LNG TANK FABRICATION
Slide 9: Ramp Up Continued – Q3 2022
RAMP UP CONTINUED - Q3 2022 TAILINGS DAM MINE ROAD CONSTRUCTION BORE FIELD 9
Slide 10: Q4 2022 Tailings Storage & SSP
Q4 2022 TAILINGS STORAGE & SSP STEEL INSTALLATION 10 SPIRALS ARRIVE ON SITE PLANT SITE
Slide 11: Q1 2023 Plant Progress
Q1 2023 PLANT PROGRESS 11 WCP SCREENS
Slide 12: Early Q2 2023
EARLY Q2 2023 THICKENER SPIRAL ASSEMBLY LNG TANKS ARRIVE POWER STATION 12
Slide 13: Late Q2 2023
LATE Q2 2023 SPIRALS INSTALLED STORM SURGE POND LNG TANKS INSTALLED PROCESS WATER POND 13
Slide 14: Early Q3 2023
EARLY Q3 2023 DMU FABRICATION PLANT PROGRESS WASTE MINING POWER STATION 14
Slide 15: Late Q3 2023
LATE Q3 2023 DMU ARRIVAL TAILINGS & PONDS PLANT COMPLETE DMU MOVED IN PIT 15
Slide 16: Q4 2023 – Power On, Ready for Action
Q4 2023 – POWER ON, READY FOR ACTION 16
Slide 17: Q4 2023 First Ore Production
Q4 2023 FIRST ORE PRODUCTION 17
Slide 18: Q4 2023 Process Plant, HMC, Zircon Concentrate
Q4 2023 PROCESS PLANT, HMC, ZIRCON CONCENTRATE MINE MAG AND PARAMAG CONCENTRATE TAILINGS STORAGE FACILIT18Y
Slide 19: Design for Key Risks
DE RISKING RAMP UP Mining fleet and DMU sized for 1800tph vs WCP at 1,085tph ++ Main variability is proportion of oversize/undersize ++ Sub 12mm ore to WCP can be maintained even with high oversize Starter pit open in all directions ++ Main variability is proportion of oversize/undersize ++ Can mana
Slide 20: De-risking Ramp Up – Well Funded
DE RISKING RAMP UP – WELL FUNDED $600m $484m $484m $484m $484m $484m $500m $33m $60m $62m $60m $60m $45m $400m $62m $43m $45m $70m $68m $300m $424m $200m $361m $379m $336m $311m $100m $0m Mar 2022 - DFS Oct 2022 - FID Plan Feb 2023 - Revised Plan Oct 2023 - End Construction Available Cash @ Start of
Slide 21: Outlook Through 2024 (2022 BFS Assumptions)
OUTLOOK THROUGH 2024 (2022 BFS ASSUMPTIONS) 300,000 3,000,000 2024 Tonnes Mined = 8.7mt 250,000 2024 Product Volume = 685,000t 2,500,000 9,000 200,000 2,000,000 46,000 8,000 Ore Tonnes Mined Product Tonnes 37,000 150,000 1,500,000 6,000 5,000 30,000 25,000 100,000 1,000,000 168,000 139,000 Nil 112,0
Slide 22: South Atlantic Project
SOUTH ATLANTIC PROJECT ill SheffieldResources LIMITED
Slide 23: South Atlantic Project Overview
SOUTH ATLANTIC PROJECT OVERVIEW • Investing up to US$2.5 million to earn an option to acquire a 20% interest by paying a further US$12.5 million • The project is located in the state of Rio Grande do Sul in Brazil • Continuous sequence of dunes and beach sands extending for 80km • Four continuous de
Slide 24: Fully Funded to Execute Proposed Work Program
FULLY FUNDED TO EXECUTE PROPOSED WORK PROGRAM A$24m cash balance at end of Q3 2023, with adequate proceeds to fund work programs extending throughout CY2025 Q4 2023 2024 2025 2026 Thunderbird Stage 1 Cashflow from Thunderbird Stage 1 Fully Funded KMS to shareholders South Atlantic – Possible further
Slide 25: Sheffield Resources
SHEFFIELD RESOURCES Assembling a portfolio of global mineral sands development and production assets to generate cash returns and growth CORE ASSET KMS GROWTH S O U T H AT L A N T I C FUTURE GROWTH Thunderbird Mineral Sands Enhance KMS through South Atlantic Option Review of other quality mineral Mi
Slide 26: Thank You
THANKYOU Registered and Corporate Office Sheffield Resources Limited Level 2, 41-47 Colin Street West Perth WA 6005 +61 8 6555 8777 info@sheffieldresources.com ASX: SFX www.sheffieldresources.com.au Sheffield Resources Sheffield Resources @Sheffield_ASX