Sheffield Resources Limited · ASX:SFX

Sheffield Resources — Mid West Economic and Resources Summit 2011

24 slides from Sheffield Resources's conference presentation, Aug 24, 2011

  1. Slide 1: Poised for Resources Growth

    For personal use only Poised for Resources Growth SHEFFIELD RESOURCES LTD Mid West Economic and Resources Summit Geraldton, Western Australia 24 August 2011

  2. Slide 2: Competent Persons & Forward Looking Statements

    COMPETENT PERSONS & FORWARD LOOKING STATEMENTS For personal use only COMPETENT PERSONS’ STATEMENT – EXPLORATION RESULTS The information in this presentation that relates to exploration results has been compiled by Bruce McQuitty and David Archer. Each of Mr McQuitty and Mr Archer has consented to th

  3. Slide 3: Corporate Snapshot

    CORPORATE SNAPSHOT For personal use only Cash Position $4.1m Board & Management Will Burbury Chairman Capital Structure Bruce McQuitty Managing Director Market Cap $17.6m (undiluted, at 30cps) David Archer Technical Director Shares 58.7m David Boyd Exploration Manager Options 27.2m (20c, 30/06/13) 4

  4. Slide 4: Near-Term Strategy

    NEAR-TERM STRATEGY For personal use only Mid West - Mineral Sands, Talc  Discover and develop a series of mineral sand deposits capable of producing 100,000-150,000tpa heavy mineral concentrate  Discover and develop a deposit of premium talc capable of supporting a 100,000tpa mining operation Pilb

  5. Slide 5: Sheffield Resources

    SHEFFIELD RESOURCES For personal use only  Nimble, opportunistic active junior explorer  Proven project generation skills  ASX listed Dec 2010  Australian owned  Significant Mid West presence (~3,500km2)  Committed to contributing to region’s growth

  6. Slide 6: Mid West Opportunity

    MID WEST OPPORTUNITY For personal use only What attracted us to the Mid West in early 2010?  Overlooked commodities: Mineral Sands & Talc  World Class deposits e.g. Eneabba – mineral sands Three Springs - talc  Proximity to infrastructure  “Open” ports  Close to Asian markets

  7. Slide 7: Seizing the Opportunity

    SEIZING THE OPPORTUNITY For personal use only North Perth Basin Acquisition Acquisition of HMS Tenement First Resource of West Eneabba HMS McCalls Applications at Yandanooka Projects from Iluka HMS Project (Pricing data compiled by Sheffield from various open file sources)

  8. Slide 8: Mineral Sands Uses & Markets

    MINERAL SANDS USES & MARKETS For personal use only Zircon  Main use in the manufacture of ceramics and refractory linings  Global market 1.3Mtpa  Acute shortage of supply Titanium Minerals  Rutile: >95% TiO2  Leucoxene: 85-95% TiO2  Altered ilmenite: 55-85% TiO2  Ilmenite <55% TiO2  Main use

  9. Slide 9: Mineral Sands Project Status

    MINERAL SANDS PROJECT STATUS For personal use only Resources Yandanooka Resource Estimation Underway Ellengail West Mine North McCalls Next Drilling Durack Irwin Stockyard

  10. Slide 10: Yandanooka

    YANDANOOKA For personal use only  Total resource of 71.75 million tonnes @ 2.6% HM1 for 1.84Mt contained HM comprising: 61Mt @ 2.8% HM (Indicated) 10.75Mt @ 1.1% HM (Inferred)  Includes High Grade core of 37.5Mt @ 3.8% HM (Indicated)  High value mineral assemblage: 11.5% zircon, 6.9% rutile, 10.2

  11. Slide 11: Durack

    DURACK For personal use only  25km south of Yandanooka  Limited prior drilling by Iluka  Similar dimensions to Yandanooka deposit  Mineralised at or near surface  Drilling planned Q1 2012

  12. Slide 12: West Mine North

    WEST MINE NORTH For personal use only  Purchased from Iluka Dec 2010  3.5km extension of Eneabba West deposit, dredge mined by Iluka/RGC in 1990s  Drilling by Sheffield in May 2011 confirmed high grades1  Resource estimate due Oct 2011 Northern limit of historical HMS dredge mining by RGC/Iluka

  13. Slide 13: Ellengail

    ELLENGAIL For personal use only  Purchased from Iluka Dec 2010  3km north of West Mine North  Lower grade than WMN but broader and closer to surface  High grade strand with lower grade dunal cap in north  Resource estimate due Sep 2011

  14. Slide 14: McCalls

    MCCALLS For personal use only  Located 110km north of Perth  Drilled by BHP in early 1990s  Exploration Target1 of 1.5-2.5 billion tonnes @ 1.1-1.3% HM  High TiO2 ilmenite-dominated assemblage  Confirmatory drilling by Sheffield in May 2011 – results awaited  Resource estimate due Q4 2011 1She

  15. Slide 15: Talc

    TALC For personal use only  Simple “Dig and Deliver” Commodity  Sheffield targeting Premium Grade Talc to gain market penetration Three Springs Talc Mine 1996 (source GSWA) (source: Luzenac web site) Luzenac lump talc stockpiles, awaiting shipment Geraldton Port

  16. Slide 16: Talc Uses & Market

    TALC USES & MARKET For personal use only (source: RTM, 2006) (source: RTM, 2006)

  17. Slide 17: Moora Talc Belt

    MOORA TALC BELT For personal use only  175km long Talc Belt  Locked up by majors for last 50 years  Hosts world class Three Springs Talc Mine – producing premium talc since 1948  Simple “dig and deliver” operation  Three Springs Mine is a key element of Luzenac’s global talc business, recently

  18. Slide 18: Talc Exploration Opportunity

    TALC EXPLORATION OPPORTUNITY For personal use only  Prior exploration by WMC, Rio & others - significant sunk cost  Extensive database  Over 20 “walk up” drill targets  Predictive geological model Source: Mondo Minerals web site Compilation of prior exploration drilling in the Fowlers region

  19. Slide 19: Sheffield's Talc Drilling

    SHEFFIELD’S TALC DRILLING For personal use only  1,238m core drilling program completed in May-June  Significant talc in 4 of 6 prospects tested1  Up to 84m of talc intersected from surface at Fowlers  26.5m of talc from 45m depth at Tilleys  Assay results due in September Tilleys Prospect gree

  20. Slide 20: Pilbara Iron Project

    PILBARA IRON PROJECT For personal use only  Pilbara - World Class Iron Province  Core expertise of Sheffield’s management team  Significant hematite mineralisation mapped and sampled at Three Pools and Panorama during 1H 20111  Exploration Target2 of 20-60Mt @ 58- 64% Fe outlined at Three Pools

  21. Slide 21: Exploration & Evaluation Timetable

    EXPLORATION & EVALUATION TIMETABLE For personal use only Project Drilling status Assay timetable Resource Scoping Study Prefeasibility Estimation Yandanooka HMS Drilled 1H 2011 Results received Completed Q4 2011 1H 2012? Ellengail HMS Compilation of historic N/A In Progress Q4 2011 1H 2012? drilling

  22. Slide 22: Conclusion

    CONCLUSION For personal use only  Experienced Board and Management with proven track record in project generation  Three growth sectors: HMS, Talc, Iron Ore  Clear strategy  Rapid progress since listing in December 2010  Strong Mid West focus and commitment to contributing to the region’s growt

  23. Slide 23: Sheffield Resources Ltd

    For personal use only SHEFFIELD RESOURCES LTD ASX:SFX Poised for Resources Growth For further information please visit the company’s web site: www.sheffieldresources.com.au

  24. Slide 24: Appendix: Yandanooka Resource Tabulation

    APPENDIX 1 YANDANOOKA RESOURCE TABULATION For personal use only Yandanooka Project – Mineral Resources as at 16 August, 2011, at 0.9% HM Cut-off *Tonnes have been rounded to reflect the relative uncertainty of the estimate

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