Sheffield Resources Limited · ASX:SFX

Sheffield Resources — Investor Presentation (March 2015)

19 slides from Sheffield Resources's investor presentation, Mar 17, 2015

  1. Slide 1: Investor Presentation March 2015

    + For personal use only SFX Investor Presentation March 2015

  2. Slide 2: Disclaimer

    + For personal use only Disclaimer . PREVIOUSLY REPORTED INFORMATION FORWARD LOOKING STATEMENTS This report includes information that relates to results which were prepared and first disclosed under the JORC Code 2012. The information was extracted from the Company’s previous ASX announcements as fo

  3. Slide 3: Company Snapshot

    Shareholder Split Company Snapshot No industry major or Top 20 offtake group on register For personal use only ASX Code : SFX 40% Shareholders Directors 17.5% Capital Structure Share price $0.725 Shares on issue 134.4m Employee Options 7.4m (Ave. Exercise Price 71c) Market Cap (Undiluted) $97.4 Cash

  4. Slide 4: Board & Management

    Board & Management For personal use only Board & Management PROVEN TRACK RECORD  History of successful Exploration and Corporate Transactions Will Burbury Executive Chairman  Discovered world class Thunderbird mineral sands deposit  Built global scale HMS resource base Bruce McQuitty Managing Dir

  5. Slide 5: Project Locations

    Project Locations For personal use only (ALL 100% SFX) Thunderbird HMS Total Resource 3.2Bt @ 6.8% HM (95Mt VHM)1 including 1.08Bt @ 11.8% HM Eneabba HMS Total Resource 302Mt @ 2.2% HM (5.8Mt VHM)1 McCalls HMS Total Resource 4.4Bt @ 1.2% HM (50Mt VHM)1 Red Bull - Nickel Fraser Range Ni-Cu 1 Refer to

  6. Slide 6: Thunderbird - Strategic Location

    Thunderbird - Strategic Location For personal use only LOCATION  30km north of sealed Broome - Derby highway  140km by road to either Broome or Derby ports  Gas discoveries nearby  Close to Asian markets CANNING BASIN  Thunderbird is first major mineral sands discovery in a new province  Tenur

  7. Slide 7: Recent Developments: Permitting & Infrastructure

    Recent Developments For personal use only PERMITTING & INFRASTRUCTURE  Mining Lease lodged July 2014  Miscellaneous licences lodged Dec 2014  Designated Level 2 Lead Agency Framework Project  Preferred proponent for bulk handling facility at Derby Port  Groundwater studies completed, water extr

  8. Slide 8: Recent Developments: Thunderbird Resource Update December 2014

    Recent Developments For personal use only THUNDERBIRD RESOURCE UPDATE 12 December 2014 Mineral Total Resource Valuable HM Grade (in situ) 2 3.2Bt @ 6.8% HM (at 3% HM cut-off) Resources 1 Cut-off Material HM Leucoxene NE Resource HM% Mt % Zircon % HiTi Leuc.% % Ilmenite % Total 3.0 3,205 6.8 0.58 0.1

  9. Slide 9: Recent Developments: Resource Update December 2014

    Recent Developments For personal use only RESOURCE UPDATE 12 DECEMBER 2014  Valuable Heavy Mineral in Total Resource increased by 32% to 95 million tonnes  Total contained zircon now 19.3 million tonnes  High grade component increased by 46% to 1.08Bt @ 11.8% HM  Confidence increased: 82% in M &

  10. Slide 10: Recent Developments: Metallurgy & Product Quality

    Recent Developments For personal use only METALLURGY & PRODUCT QUALITY RECOVERIES  12.5 tonne bulk sample processed by Robbins Metallurgical using full scale and scalable equipment  lmproved recoveries of all products over those achieved in Scoping Study  Overall zircon recovery increased by 5% (

  11. Slide 11: Thunderbird Mineral Sands: Among the World's Largest Deposits

    Tier 1 Project For personal use only THUNDERBIRD MINERAL SANDS 7.00 Amongst the world’s 6.00 Puttalam (ILU) largest and In Situ TiO2 Mineral Grade (Rut+Lux+Ilm) % Fairbreeze (TROX) highest 5.00 grade Douglas (ILU) Toliara (WTR) deposits 4.00 Thunderbird High Grade Zone Moma (KMR) 1.08Bt @ 11.8%HM (7

  12. Slide 12: Large Zircon Deposits Discovered Over Past 30 Years

    Tier 1 Project For personal use only THUNDERBIRD MINERAL SANDS LARGE ZIRCON DEPOSITS DISCOVERED OVER PAST 30 YEARS 20 Most significant discovery in 15 decades: Contained zircon (Mt) Grade and Scale 10 5 0 Year of Discovery * Thunderbird contained zircon @ 3% HM cut-off Dec 2015 12

  13. Slide 13: Thunderbird Project Metrics

    Thunderbird Project Metrics For personal use only RESULTS OF SCOPING STUDY APRIL 2014 PHYSICALS  32 Year Mine Life 1000000 Zircon HiTi 80  20.8Mtpa average mining rate (dry mining) 900000 Ilmenite  Average annual production is estimated to be: 800000  118,200tpa zircon (approx. 8% of global supp

  14. Slide 14: Regional Exploration Success

    Regional Exploration Success For personal use only NEW PROVINCE - THREE NEW DISCOVERIES  Discoveries from limited scout drilling:  Night Train – best 9m @ 6.3% HM  Nomad – best 13.5m @ 3.0% HM  Seagull - best 4.5m @ 5.4% HM  High value mineral assemblage: 92% VHM including 15% zircon, 61% leuco

  15. Slide 15: Timeline to Production

    Timeline to Production For personal use only Upcoming Milestones Will Drive Shareholder Value  PFS April 2015  Resource & PFS Updates Q3 2015  DFS Q4 2016  Permitting & Approvals  Regional Exploration – follow up recent discoveries Production Long life Pre-feasibility Development Commencing  O

  16. Slide 16: Fraser Range Nickel

    Fraser Range Nickel For personal use only LARGE FOOTPRINT IN NEW PROVINCE FRASER RANGE  Fraser Range tenement position grown to 2,300km2  Red Bull and Big Bullocks projects are main focus  Aim is to generate new targets for RC drilling Q2-Q3 2015 RED BULL  Moving Loop EM survey underway over Nor

  17. Slide 17: Conclusion

    Conclusion For personal use only ADVANCING THUNDERBIRD TOWARDS DEVELOPMENT  World class, large scale, long life project  One of very few large zircon-rich projects in the global development pipeline  High estimated cash margins with leverage to multiple pricing cycles  Modest estimated developme

  18. Slide 18: Appendix 1: Resource Inventory

    Appendix 1: Resource Inventory For personal use only SHEFFIELD’S CONTAINED VALUABLE HM (VHM)* RESOURCE INVENTORY AT 12 DECEMBER 2014 Total VHM Deposit Resource Category Zircon (‘000t) Rutile (‘000t) HiTi Leuc. (‘000t) Leuc. (‘000t) Ilmenite (‘000t) (‘000t) Thunderbird Measured 500 - 200 200 1,800 2,

  19. Slide 19: Appendix 2: HMS Mineral Resources

    Appendix 2: HMS Mineral Resources1 For personal use only INVENTORY 12 DECEMBER 2014 Resource Cut-off Material Bulk HM Slimes Osize In-situ HM Zircon2 Rutile2 HiTi Leuc.2 Ilmenite2 Project Deposit 2 Category (% HM)3 (Mt)* Density % %3 % (Mt)* % % Leuc. % % % Thunderbird Measured 3.0 75 2.1 7.9 19 11

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