Sheffield Resources Limited · ASX:SFX
Sheffield Resources — Shareholder Meeting (November 2012)
20 slides from Sheffield Resources's shareholder meeting presentation, Nov 28, 2012
Slide 1: Annual General Meeting
For personal use only Sheffield Resources Ltd Annual General Meeting 29 November 2012 ASX:SFX | www.sheffieldresources.com.au
Slide 2: 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 3: Company Snapshot
Company Snapshot For personal use only Capital Structure Board & Management Share price $0.48 Will Burbury Executive Chairman Shares on issue 98.4m Bruce McQuitty Managing Director Options (Ave. Ex Price ~25.2c) 28.4m David Archer Technical Director Market Cap (Undiluted) $47.2m David Boyd Explorati
Slide 4: Investment Summary
Investment Summary For personal use only Rapidly Emerging Player in Mineral Sands Sector Project • ASX listed less than 2 years Locations • 58Mt HM in resource inventory1 + recent discoveries Dampier – Mineral Sands • Flagship project Dampier – HMS • First large, high grade discovery in the Canning
Slide 5: Year In Review
Year In Review For personal use only A Year of Exploration Success Underpinned by a $10million Capital Raising Aug 2011: Mineral Resource at Yandanooka HMS Prospect Oct 2011: Mineral Resource at Ellengail HMS Prospect Nov 2011: Mineral Resource at West Mine North HMS Prospect Dec 2011: Large Explora
Slide 6: Dampier HMS
Dampier HMS For personal use only • Previously under-explored region • Sheffield first mover with over 3,000 km² of tenure • The Dampier Project contains two significant heavy mineral sands prospects: Thunderbird and Argo • Thunderbird is a large shallow deposit on the eastern zone and is the first
Slide 7: Thunderbird HMS Discovery
Thunderbird HMS Discovery For personal use only D’ Thunderbird has scale: • Strike potential of 15 km (only 8km drilled), width 4km • Thickness up to 52m High grades: D Exceptional broad, high grade intersections: 52.5m @ 10.1% HM from 3m (THAC117) 50.0m @ 8.8% HM from 15m (THAC118) 45.0m @ 10.4% HM
Slide 8: Thunderbird HMS Discovery
Thunderbird HMS Discovery For personal use only Greyscale DTM image Drilling programme completed • Maiden drilling programme: 164 holes for 7,500m Sheffield Resources Ltd Dampier Project • All assay results returned & reported Thunderbird Prospect >5% HM Wireframe High grade zone outlined – potentia
Slide 9: Thunderbird – Mineralogy & Metallurgy
Thunderbird – Mineralogy & Metallurgy For personal use only Mineral Assemblage: 7.1% zircon, 2.6% rutile, 2.9% leucoxene, and 31.7% ilmenite from initial batch of QEMSCAN results1 • Central High Grade Domain (>5% cut-off) has a high in situ zircon content of 0.65% (9.8% HM x 6.6% zircon) • Further 5
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: Red Bull Ni-Cu
Red Bull Ni-Cu For personal use only • Red Bull Project comprises two exploration licences (one remains in application) • Combined project area of 525km2 • A significant new nickel-copper discovery (Nova) has recently been made by Sirius Resources NL (ASX:SIR) • Red Bull is within 20km of the Nova d
Slide 12: Red Bull Ni-Cu – VTEM survey
Red Bull Ni-Cu For personal use only VTEM survey • Target area 144sq km, mostly under shallow transported cover • Initial survey of 1,141 line km completed, preliminary data received • 100m line spacing in northern half of survey area, 200m line spacing in southern half • 4 high order EM anomalies i
Slide 13: Red Bull Ni-Cu – Four High Order EM Anomalies
Red Bull Ni-Cu For personal use only Four High Order EM Anomalies • Four High Order EM Anomalies (RB_VA1-4) in southern survey area • Three of these have coincident magnetic anomalies • Immediate focus for ground-based work programmes (e.g. soils, ground EM techniques) ASX:SFX | www.sheffieldresourc
Slide 14: Red Bull Ni-Cu – Targets from historic data review
Red Bull Ni-Cu 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 • Disseminated sulphides noted
Slide 15: Eneabba HMS
Eneabba HMS For personal use only • Established mining district dominated initially by Iluka Resources Ltd and Tronox Ltd • ~140km south of Geraldton port • Sheffield’s Mineral Resources total 226Mt @ 2.3% HM, containing 5.29Mt HM1 (4 deposits) • Good all-round mineral assemblage: 11% zircon, 6.7% r
Slide 16: McCalls HMS
McCalls HMS For personal use only • Large high TiO2 ilmenite deposit, located 110km north of Perth • Globally significant asset receiving considerable industry attention • Mineral Resource of 4.4Bt @ 1.2% HM, containing 53Mt HM¹ • Lower grade but has scale: • contains over 40Mt of chloride grade ilm
Slide 17: Summary
Summary For personal use only • Dampier - the flagship project; Thunderbird – a large high grade discovery • Canning Basin is a new HMS province with more discoveries to be made • Evaluating multiple EM anomalies at Red Bull Ni-Cu project in Fraser Range province • Established Mineral Resources at E
Slide 18: 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 18
Slide 19: Appendix: Resource Inventory
Appendix 1 Resource Inventory For personal use only Sheffield’s contained Valuable HM (VHM)* Resource inventory (0.9% HM cut-off) Deposit Resource Category Zircon Rutile Leuc. Ilmenite Total VHM (‘000t) (‘000t) (‘000t) (‘000t) (‘000t) Yandanooka Indicated 201 117 168 1,072 1,558 Yandanooka Inferred
Slide 20: Appendix: HMS Mineral Resource Inventory
Appendix 2 HMS Mineral Resource1 Inventory at 0.9% HM Cut-off 28 Aug 2012 For personal use only ENEABBA PROJECT Deposit Resource Material Bulk Density HM Slimes % Osize In-situ HM Zircon Rutile Leuc. Ilmenite Category (Mt)* % % (Mt)* % % % % Yandanooka Indicated 61.00 2.0 2.8 14.7 9.4 1.72 11.7 6.8
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