Sheffield Resources Limited · ASX:SFX
Sheffield Resources — TZMI Congress 2022
21 slides from Sheffield Resources's conference presentation, Nov 17, 2022
Slide 1: TZMI Congress
TZMI CONGRESS For personal use only T H UN DE RBI RD I S GO BRUCE GRIFFIN EXECUTIVE CHAIR November 2022 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: Thunderbird Mineral Sands Project
THUNDERBIRD MINERAL SANDS PROJECT For personal use only • 50/50 JV with Yansteel • World’s largest zircon reserve, high grade, in a low risk jurisdiction • Stage 1 Production targeting 1.1mt of zircon and ilmenite rich concentrates1 • Offtake agreements in place for ~80% of Stage 1 revenue for first
Slide 4: Largest Zircon Reserves Globally – In Low-Risk Jurisdiction
LARGEST ZIRCON RESERVES GLOBALLY – IN LOW-RISK JURISDICTION Contained Zircon in Ore Reserves and Grade for Selected Mineral Sands Deposits 123 For personal use only Bubble size represents contained Zircon in Ore Reserves 1.35% TiO2 Grade % 1.60% Zircon Grade % Note: 1. Ore Reserve, published on the
Slide 5: Simple Flowsheet Producing Concentrates
SIMPLE FLOWSHEET PRODUCING CONCENTRATES For personal use only Feed Preparation, Mining Scrubbing, Screening and Thickener underflow to mine void Desliming CUP Spirals CUP Finisher Spirals Concentrate Upgrade CUP Finisher Plant WHIMS WHIMS Primary Wet Concentration Zircon Concentrate WCP Tails to min
Slide 6: Products
THUNDERBIRD – PRODUCTS Zircon concentrate (60% of revenue) For personal use only • 210,0001 tonnes per annum in Phase 1 • 40% ZrO2, 16% TiO2, 0.4% monazite % LIFE OF MINE REVENUE • ~40% of zircon recoverable as premium with standard processing 5% • 75% contracted under 5-year, market price, take or
Slide 7: Leveraging Yansteel Downstream Capability
LEVERAGING YANSTEEL DOWNSTREAM CAPABILIT Y • Thunderbird is a 50/50 JV with Yansteel, part of Tangshan Yanshan Iron & Steel, a privately owned Chinese steel manufacturer For personal use only • Construction of Yansteel's vertically integrated smelter/pigment complex in China completed • Section by s
Slide 8: Dry Season – Road, Village and Site Clearing
THUNDERBIRD CONSTRUCTION OVER 50% COMPLETE D RY S E A S O N 2 0 21 – R OA D , V I L L AG E A N D P R O C E S S S I T E C L E A R I N G For personal use only Thunderbird Access Road Thunderbird Accommodation Village Sheffield Resources Limited I ASX: SFX I Developing one of the largest Zircon project
Slide 9: April Village and EPC Contractor Mobilised to Site
THUNDERBIRD CONSTRUCTION OVER 50% COMPLETE A P R I L 2 0 2 2 – V I L L AG E A N D E P C C O N T R AC T O R M O B I L I S E D T O S I T E For personal use only Thunderbird Process Plant Foundation Preparation Thunderbird Accommodation Village Sheffield Resources Limited I ASX: SFX I Developing one of
Slide 10: May Plant Earthworks and Village
THUNDERBIRD CONSTRUCTION OVER 50% COMPLETE M AY 2 0 2 2 – P R O C E S S P L A N T E A R T H WO R K S A N D V I L L AG E For personal use only Thunderbird Process Plant Earthworks Thunderbird Accommodation Village Sheffield Resources Limited I ASX: SFX I Developing one of the largest Zircon projects
Slide 11: June Plant Concrete Foundations
THUNDERBIRD CONSTRUCTION OVER 50% COMPLETE J U N E 2 0 2 2 – P R O C E S S P L A N T C O N C R E T E FO U N DAT I O N S For personal use only Thunderbird Concrete Batch Plant and Process Plant Site Thunderbird WCP Concrete Works Sheffield Resources Limited I ASX: SFX I Developing one of the largest
Slide 12: July Plant, Borefield and Tailings Storage Facility
THUNDERBIRD CONSTRUCTION OVER 50% COMPLETE J U LY 2 0 2 2 – P R O C E S S P L A N T, B O R E F I E L D A N D TA I L I N G S S T O R AG E FAC I L I T Y ( T S F ) For personal use only Thunderbird Process Plant Concrete Works Clearing of Thunderbird TSF Sheffield Resources Limited I ASX: SFX I Develop
Slide 13: August Plant, Borefield and TSF
THUNDERBIRD CONSTRUCTION OVER 50% COMPLETE AU G U S T 2 0 2 2 – P R O C E S S P L A N T, B O R E F I E L D A N D T S F For personal use only Thunderbird Process Plant Thunderbird Borefield Sheffield Resources Limited I ASX: SFX I Developing one of the largest Zircon projects globally 13
Slide 14: September Plant, Power/LNG, and TSF
THUNDERBIRD CONSTRUCTION OVER 50% COMPLETE S E P T E M B E R 2 0 2 2 – P R O C E S S P L A N T, P O W E R / L N G , A N D T S F For personal use only Thunderbird Process Plant Thunderbird LNG and Power Station Pads Sheffield Resources Limited I ASX: SFX I Developing one of the largest Zircon project
Slide 15: October Plant, Power/LNG, and TSF
THUNDERBIRD CONSTRUCTION OVER 50% COMPLETE O C T O B E R 2 0 2 2 – P R O C E S S P L A N T, P O W E R / L N G , A N D T S F For personal use only Thunderbird Process Plant Thunderbird TSF Sheffield Resources Limited I ASX: SFX I Developing one of the largest Zircon projects globally 15
Slide 16: November Plant, Long Lead Items on Site, TSF
THUNDERBIRD CONSTRUCTION OVER 50% COMPLETE N OV E M B E R 2 0 2 2 – P R O C E S S P L A N T, LO N G L E A D I T E M S O N S I T E , T S F For personal use only Thunderbird Process Plant Steel Structure Installation Thunderbird Plant Spirals on site Sheffield Resources Limited I ASX: SFX I Developing
Slide 17: First Products Shipped in Q1 2024
FIRST PRODUCTS SHIPPED IN Q1 2024 For personal use only Q2 2022 Q3 2022 Q4 2022 2023 2024 FINAL FIRST INVESTMENT PRODUCT DECISION SHIPMENT Secure NAIF and Orion Debt Facilities Document and CP’s Pre FID Construction Construction Commission Production Major Contracts underway WCP Start-up EPC Contrac
Slide 18: Our ESG Approach
OUR ESG APPROACH Environmental For personal use only ➢ Full State and Federal environmental approvals granted following a detailed Public Environmental Review ("PER") process ➢ Rehabilitation throughout mine life – minimises disturbed area ➢ Environmental practices & protocols mirror Equator Princip
Slide 19: Sheffield Resources
SHEFFIELD RESOURCES For personal use only • 50/50 JV with Yansteel • World’s largest zircon reserve, high grade, in a low risk jurisdiction • Stage 1 Production targeting 1.1mt of zircon and ilmenite rich concentrates1 • Offtake agreements in place for ~80% of Stage 1 revenue for first 5 years • Yan
Slide 20: Thank You
For personal use only 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
Slide 21: Additional Peer Information
ADDITIONAL PEER INFORMATION For personal use only Company Company Material Reference Kenmare Resources 2021 Annual Report Strandline Resources 2019 Reserve Statement Eramet 2021 Universal Filing Tronox 2021 Annual Report Diatreme Resources 2016 Reserve Statement Rio Tinto 2021 Annual Report Base Res