Sheffield Resources Limited (ASX: SFX) – $0.690
12 Dec 2014
Sheffield Resources Limited (ASX: SFX) has updated its Mineral Resource at the Thunderbird Heavy Mineral Sand Project near Derby in northwest Western Australia (Figure 1).
The updated Total Mineral Resource stands at 3.205Bt at 6.8% heavy mineral (Measured, Indicated and Inferred). This makes Thunderbird one of the largest accumulations of zircon in the world.
The updated Resource includes a coherent high grade zone of 1.080Bt at 11.8% heavy mineral at 7.5% heavy mineral cut-off containing 10.0Mt of zircon, 3.1Mt of high titanium leucoxene, 2.8Mt of leucoxene and 36.0Mt of ilmenite. The Project has an estimated mine life of 32 years.
Figure 1. Location of Thunderbird Heavy Mineral Sand Project
For further information, visit www.sheffieldresources.com.au
Resources Stocks to Watch (RSTW) is the leader in research on ASX micro to mid-cap mining stocks and commodities. We are independent and therefore not sponsored by the mining industry so we tell it like it is. Our research is written by experienced geologists and resources analysts, the experts in the field.