Sheffield Resources Limited · ASX:SFX

Sheffield Resources — Diggers & Dealers 2013

24 slides from Sheffield Resources's conference presentation, Aug 7, 2013

  1. Slide 1: Diggers & Dealers 2013 - Dampier Mineral Sands Project

    + For personal use only SFX Diggers&Dealers2013 DAMPIER MINERAL SANDS PROJECT LARGE SCALE HIGH GRADE PREMIUM PRODUCT WORLD CLASS

  2. Slide 2: Disclaimer

    +Disclaimer For personal use only COMPETENT PERSONS’ STATEMENT – EXPLORATION RESULTS The information in this presentation that relates to reporting of resource and exploration results is based on information compiled under the guidance of Mark Teakle. Mr Teakle The information in this presentation t

  3. Slide 3: Capital Structure and Shareholder Split

    SHAREHOLDER SPLIT No industry Top 20 For personal use only 37% major on register Shareholders Directors 19.5% CAPITAL STRUCTURE Company Snapshot Share price $0.33 High Shares on issue 118.3m $0.78 Options 3.0m (Ex Price 30c, expiry 30 Nov 2013) Employee Options 4.6m (Ave. Ex Price 45.7c) Low Market

  4. Slide 4: Company Snapshot: Investment Summary

    Company Snapshot For personal use only INVESTMENT SUMMARY  World Class HMS deposit Thunderbird  1.37Bt @ 6.1% HM1 (open)  including 517Mt @ 10.1% HM  High quality zircon and titanium mineral products  Pipeline of Other Projects  McCalls & Eneabba HMS  Red Bull Nickel  Oxley Potash, North Pil

  5. Slide 5: Company Snapshot: Projects

    Company Snapshot For personal use only PROJECTS Dampier - HMS Flagship - Thunderbird Total Resource 1.37Bt @ 6.1% HM (83Mt HM)1 including 517Mt @ 10.1% HM Eneabba - HMS Strategic resource base McCalls - HMS Global scale chloride ilmenite deposit Red Bull - Nickel Fraser Range Ni-Cu 1 Refer to Append

  6. Slide 6: Key Messages

    For personal use only 6 Key Messages THUNDERBIRD MINERAL SANDS 6

  7. Slide 7: Large Scale

    Large Scale For personal use only THUNDERBIRD MINERAL SANDS  Maiden Mineral Resource  1.37Bt @ 6.1% HM (Indicated & Inferred)1  Heavy Mineral assemblage: 6.9% zircon 1.6% rutile 4.3% leucoxene 29% ilmenite 1At 2% HM cut-off Refer to Appendices 2 & 3 7

  8. Slide 8: Large Scale

    Large Scale For personal use only THUNDERBIRD MINERAL SANDS  Favourable Geometry E EI 4km  Area 4km x 5km  Thickness up to 52m, average 38m  Strong grade continuity  40% of deposit has <3m overburden  Mostly above water table  Deposit open in most directions – exploration upside  Extensions

  9. Slide 9: High Grade

    High Grade For personal use only THUNDERBIRD MINERAL SANDS 9

  10. Slide 10: High Grade Zone

    High Grade For personal use only THUNDERBIRD MINERAL SANDS  High Grade Zone  Coherent High Grade Zone of 517Mt @ 10.1% HM, (Indicated & Inferred)2 High Grade  Containing: 3.6Mt zircon, 0.8Mt Zone rutile, 2.2Mt leucoxene and 15.2Mt ilmenite  High in-situ VHM grades: 0.7% zircon, 0.16% rutile, 0.4

  11. Slide 11: World Class: Contained Zircon by Year of Discovery

    For personal use only Contained zircon (Mt) 10 12 14 0 2 4 8 6 1983 1984 1985 1986 1987 1988 1989 Grand Cote (MDL) 1990 World Class 1991 McCalls (SFX) 1992 1993 1994 1995 1996 Moma (KMR) THUNDERBIRD MINERAL SANDS 1997 Kwale (BSE) 1998 Douglas (ILU) 1999 Year of Discovery Toliara (WTR) 2000 Coburn (G

  12. Slide 12: World Class: Grade Comparison

    World Class For personal use only THUNDERBIRD MINERAL SANDS 5.00 In Situ TiO2 Mineral Grade (Rut+Lux+Ilm) % Toliara (WTR) 4.00 Douglas (ILU) Amongst the 3.00 Kwale (BSE) Thunderbird High Grade Zone 517Mt @ 10.1% HM (SFX) world’s largest Moma (KMR) Thunderbird (SFX) and highest 1.37Bt @ 6.1% HM grade

  13. Slide 13: Eneabba (ILU) vs Thunderbird (SFX)

    +Eneabba (ILU) vs Thunderbird (SFX) For personal use only  Eneabba  Thunderbird  20-30Mt VHM2  35Mt VHM mined 1974- after 1 drilling 2013 programme  Complex  Simple geometry geometry  Multiple  More mineral, deposits less area 2 Shepherd, M.S. 1990 . Eneabba heavy mineral sand placers, in Ge

  14. Slide 14: World Class: Total VHM in Resources

    World Class For personal use only THUNDERBIRD MINERAL SANDS Total Valuable Heavy Mineral (VHM) in Resources (Mt) The Thunderbird 250 discovery has 200 boosted Sheffield’s 150 resource inventory 100 to 90Mt VHM1 50 0 Data compiled by SFX from open file sources. 1 Refer to Appendices 1 & 2 14

  15. Slide 15: Premium Product

    Premium Product For personal use only THUNDERBIRD MINERAL SANDS  Highly Marketable Products as assessed by TZMI  Premium grade zircon suitable for ceramics (largest sector of zircon market)  Primary ilmenite suitable for sulphate pigment process or sulphate or chloride slag (broad customer base)

  16. Slide 16: Quality Management: Board & Management

    Quality Management For personal use only THUNDERBIRD MINERAL SANDS Board & Management Will Burbury Executive Chairman Bruce McQuitty Managing Director David Archer Technical Director David Boyd Exploration Manager Mark Teakle Project Development Manager 16

  17. Slide 17: Timeline Next Steps

    Timeline Next Steps For personal use only Scoping studies Drilling now Pre-feasibility Drilling results expected from Sept-Nov DFS Resource Development upgrade 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 2015 2016 Permitting & Approvals 17

  18. Slide 18: Conclusion

    For personal use only Conclusion  Thunderbird - a World Class HMS deposit  Once in a decade discovery  High quality zircon & ilmenite products  100% owned by Sheffield, market cap $40m  Financing/partnering/offtake optionality retained  Drilling now 18

  19. Slide 19: Thank you

    For personal use only Thank you For further information please contact: Sheffield Resources Ltd 14 Prowse Street West Perth WA 6005 Ph +61 (8) 6424 8440 info@sheffieldresources.com.au www.sheffieldresources.com.au

  20. Slide 20: Appendices

    For personal use only Appendices 20

  21. Slide 21: Appendix Location & Infrastructure

    Appendix 1 Location & Infrastructure For personal use only DAMPIER MINERAL SANDS PROJECT  30km north of sealed Broome-Derby Hwy  140km by road to either Derby or Broome ports  Outside National Heritage Estate areas  Abundant groundwater suitable for processing  Close to Yulleroo Gas Field  Clo

  22. Slide 22: Appendix Resource Inventory

    Appendix 2 Resource Inventory For personal use only Sheffield’s contained Valuable HM (VHM)* Resource Inventory at 30 Jan 2013 Deposit Resource Category Zircon (‘000t) Rutile (‘000t) Leuc. (‘000t) Ilmenite (‘000t) Total VHM (‘000t) 22 Thunderbird Indicated 1,483 344 924 6,256 9,007 Thunderbird Infer

  23. Slide 23: Appendix HMS Mineral Resource Inventory Jan 2013

    Appendix 3 HMS Mineral Resource1 Inventory 30 Jan 2013 For personal use only Project Deposit Resource Cut-off Material Bulk Density HM Slimes % Osize In-situ HM Zircon Rutile Leuc. Ilmenite Category (% HM) (Mt)* % % (Mt)* % % % % DAMPIER Thunderbird Indicated 2.0 299 2.1 7.2 19 14 21.5 6.9 1.6 4.3 2

  24. Slide 24: Appendix Thunderbird Product Specifications

    Appendix 4 Thunderbird Product Specifications For personal use only Primary Zircon Specifications ZrO2 % Fe2O3 % TiO2% Al2O3% P2O5% 66.2 0.05 0.09 0.10 0.14 Primary Ilmenite Specifications TiO2 % FeO % Fe2O3 % SiO2 % Al2O3% Cr2O3 % ZrO2 % 50.1 8.0 36.4 1.6 0.3 0.05 0.00 24

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