Slide 1: New Mineral Sands Discoveries in Western Australia
For personal use only Sheffield Resources Ltd NEW MINERAL SANDS DISCOVERIES IN WESTERN AUSTRALIA TZMI Congress Presentation 7 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 Boyd. Mr Boyd is a full time employee of the Company. Mr Boyd is a Member of the Australasian Institu
Slide 3: Company Snapshot
Company Snapshot For personal use only Capital Structure Board & Management Share price $0.605 Will Burbury Executive Chairman Shares on issue 98.1m Bruce McQuitty Managing Director Options (Ave. Ex Price ~25.2c) 28.7m David Archer Technical Director Market Cap (Undiluted) $59.3m David Boyd Explorat
Slide 4: Investment Summary
Investment Summary For personal use only Project Rapidly Emerging Player in Mineral Sands Sector Locations • ASX listed December 2010 Successful Explorer • 58Mt HM in resource inventory1 + recent discoveries Dampier - Zircon • Large high grade discovery Dampier – Zircon • New HMS Province • Flagship
Slide 5: Dampier
Dampier 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 majo
Slide 6: Thunderbird Discovery
Thunderbird Discovery For personal use only Thunderbird has scale: • Strike potential of 15 km, width 4km • Thickness up to 42m High grades: Exceptional broad, high grade intersections: 32.1m @ 10.1% HM from 9m (THAC048) 40.5m @ 7.8% HM from 3m (THAC047) 41.5m @ 7.3% HM from 6m (THAC006) 42m @ 6.3%
Slide 7: Thunderbird Discovery
Thunderbird Discovery For personal use only Greyscale DTM image Drilling programme completed • Maiden drilling programme: 164 holes for 7,500m • Tested 8 km of strike length • Assay results returned to date for 71 holes (43%) • Drilling pattern 500m x 500m at the centre of the target area, 500m x 1,
Slide 8: Thunderbird - Mineralogy
Thunderbird - Mineralogy 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 0.6% (9.0% HM x 6.6% zircon) • Approximately 30% of H
Slide 9: Thunderbird - Metallurgy
Thunderbird - Metallurgy For personal use only Bulk Sample Metallurgical Testwork underway • 6 tonne bulk sample collected form Sheffield’s composited drill samples • Shipped to RJ Robbins laboratory, Brisbane • Testwork to determine recovery & product quality, also for preliminary process design •
Slide 10: Thunderbird – Tenure & Infrastructure
Thunderbird – Tenure & Infrastructure For personal use only Tenure • Exploration licence E04/2083 (granted 5 Sept 2011) • Located on Crown Land (pastoral lease) • Outside West Kimberley National Heritage Listed areas Infrastructure • 140km by road (100km sealed) to Derby or Broome ports • Abundant g
Slide 11: Dampier – Exploration upside
Dampier – 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 mineralisatio
Slide 12: Perth Basin Projects – Eneabba & McCalls
Perth Basin Projects – Eneabba & McCalls For personal use only Northern Perth Basin • Established mineral sands mining district • Good quality, high value HM products • Proximity to roads, rail & ports • Available energy sources • Abundant groundwater • Proximity to SR plants Sheffield secured a lar
Slide 13: Eneabba
Eneabba 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% rutil
Slide 14: Eneabba – Exploration Strategy
Eneabba – Exploration Strategy For personal use only Sheffield’s niche: near surface dunal-style deposits • Easy to find • Sizeable - generally 1Mt-3Mt contained HM • Overlooked by previous explorers due to lower grade • High value mineral assemblage: Yandanooka: 11.5% zircon, 6.9% rutile Durack: 14
Slide 15: McCalls
McCalls 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 ilmenit
Slide 16: Summary
Summary For personal use only • Dampier - the flagship project; Thunderbird – a large high grade discovery • Canning Basin is a new province with more discoveries to be made – immediate focus • Established Mineral Resources at Eneabba and McCalls carry significant value – work continues • Sheffield
Slide 17: 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 17
Slide 18: 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 19: Appendix: HMS Mineral Resource Inventory
Appendix 2 HMS Mineral Resource1 Inventory at 0.9% HM Cut-off, 28 August 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