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.

 

SFX Thunderbird Mineral Sands WA

Figure 1. Location of Thunderbird Heavy Mineral Sand Project

 

 

For further information, visit www.sheffieldresources.com.au

 

 

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