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Sheffield Resources Ltd. Capital/Financing Update 2011
44780_rns_2011-08-08_0b9009d2-c7ae-4e33-bc3d-f9e70b120318.pdf
Capital/Financing Update
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ASX and Media Release
9 August 2011
HMS DRILLING SUCCESS AT WEST MINE NORTH
KEY POINTS
- Excellent infill drilling results confirm 3.5km high-grade HMS mineralised zone at West Mine North
- The deposit is held under three granted mining leases - potential for near-term development
- Drilling results follow Sheffield's acquisition of the West Mine North and Ellengail projects from Iluka and reinforce its strategy to develop multiple HMS projects in the North Perth Basin
- Resource estimation underway and scoping studies on schedule to commence in October 2011
Bulk minerals explorer Sheffield Resources ("Sheffield") (ASX:SFX) today announced results from a 90 hole drilling program at its West Mine North heavy mineral sand (HMS) project 6km west of Eneabba in Western Australia's Mid West region (Figure 1).
Drilling results are shown in Tables 2 & 3; significant intersections include:
22.5m @ 6.87% HM from 16.5m (WMAC0077), 12m @ 8.2% HM from 18m (WMAC0064), 7.5m @ 10.9% HM from 24m (WMAC0071), and 15m @ 4.05% HM from 13.5m (WMAC0034).
The results confirm a zone of high grade mineralisation (>2.5% HM) approximately 3.5km long by 250m wide and up to 22m thick (Figure 2). The high-grade mineralisation is variably overlain and enveloped by a halo of lower grade (1-2% HM) mineralisation (Figure 3).
West Mine North is one of two advanced projects near Eneabba acquired by Sheffield from Iluka Resources Ltd earlier this year, the other being the Ellengail deposit, 3km to the north of West Mine North.
West Mine North is on granted Mining Leases and lies wholly within cleared freehold land. It is one of several projects within Sheffield's large tenement portfolio in the world class North Perth Basin mineral sands province.
Managing Director, Bruce McQuitty said the excellent drill results reinforce the Company's strategy to develop multiple HMS deposits in the Eneabba region of the North Perth Basin.
"Sheffield purchased West Mine North because of its potential for near-term development. The deposit is on granted Mining Leases and is an extension of the large high grade Eneabba West deposit that was mined by Iluka in the 1990s."
Iluka recently announced that it will resume mining activities at Eneabba and restart a Synthetic Rutile kiln in direct response to the supply constrained titanium dioxide and zircon markets.
West Mine North has a relatively high value mineral assemblage, comprising 5.6% zircon, 6.3% rutile, 54.3% ilmenite (at 60.7% TiO2) and 1.6% leucoxene, based on a total of 105 mineralogical analyses performed by Iluka. The high TiO2 content of the ilmenite indicates potential suitability as feed for chloride process or synthetic rutile production.
Sheffield will select representative composite samples from its recent drilling for additional mineral assemblage testwork. Resource estimation work is scheduled to begin in August.
Sheffield's ongoing resource estimation and scoping study schedule is provided in Table 1 below, and includes resource estimation work scheduled for the West Mine North and nearby Ellengail deposits.
| Project | Drilling status | Assay timetable | Resource Estimation | Scoping Study |
|---|---|---|---|---|
| Yandanooka | 130 holes completed | Results received (see ASXrelease 16 May 2011) | Commenced, resultsdue mid-August 2011 | Commence October2011 |
| Ellengail | Compilation of historicdrilling completed | Not applicable | Commenced, resultsdue August 2011 | Commence October2011 |
| West MineNorth | 90 holes completed | Results received (see thisrelease) | Commence August,results due September2011 | Commence October2011 |
| McCalls | 30 holes completed | Results due early August,2011 | Commence August,results due October2011 | Commence October2011 |
| Irwin | 31 holes completed | Results due September,2011 | N/A | N/A |
| DrummondCrossing | 30 holes completed | Results due September2011 | N/A | N/A |
| Other projects | Rig secured to drill newtargets in October/November 2011 | N/A | N/A | N/A |
Table 1Drilling and Resource Estimation Schedule
Note – these dates are indicative only and remain subject to possible delays arising from laboratory assay and other factors
ENDS
Website: www.sheffieldresources.com.au
For further information please contact: Bruce McQuitty Managing Director Tel: 0409 929 121 [email protected]
Media: Annette Ellis / Warrick Hazeldine Purple Communications Tel: 08 6314 6300 [email protected]
COMPETENT PERSONS' STATEMENT
The information in this announcement that relates to exploration results is based on information compiled by Bruce McQuitty. Mr McQuitty is a full time employee of the Company. Mr McQuitty is a Member of the Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity to which they are undertaking to qualify as Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ("JORC Code")'. Mr McQuitty consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
FORWARD LOOKING AND EXPLORATION TARGET STATEMENTS
Some statements in this announcement regarding estimates or future events are forward-looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forwardlooking statements include, but are not limited to, statements concerning the Company's exploration programme, outlook, target sizes and mineralised material estimates. They include statements preceded by words such as "expected", "planned", "target", "scheduled", "prospective", and similar expressions.
Figure 1: Location of West Mine North and Sheffield's other HMS Projects in the Eneabba Region
Figure 2: Location of drill holes and high grade mineralised zone at West Mine North
Figure 3: Typical drillhole sections through West Mine North (vertical exaggeration x2.5). Several sections were drilled to confirm grades and intervals in historic drilling, e.g. 6698250N Results of heavy liquid separation (HLS) are tabulated below. HLS using TBE, screen sizes: slimes -53um, oversize +1mm. Coordinates used throughout are MGA Zone 50 (GDA94).
| Table 2: West Mine North aircore drill results. Intervals calculated using 2.5% HM cut, 6m minimum | |||
|---|---|---|---|
| width, maximum 1.5m internal waste. |
| Hole ID | Easting | Northing | Depth From(m) | Depth To(m) | Interval Width(m) | HMWt% | SlimesWt% | OsizeWt% |
|---|---|---|---|---|---|---|---|---|
| WMAC0021 | 326538 | 6699619 | 16.5 | 27.0 | 10.5 | 5.85 | 15.01 | 0.56 |
| WMAC0024 | 326547 | 6699541 | 16.5 | 24.0 | 7.5 | 4.20 | 6.78 | 1.46 |
| WMAC0027 | 326636 | 6699544 | 19.5 | 25.5 | 6.0 | 3.95 | 4.89 | 0.33 |
| WMAC0034 | 326639 | 6699437 | 13.5 | 28.5 | 15.0 | 4.05 | 7.32 | 0.47 |
| WMAC0035 | 326579 | 6699437 | 18.0 | 25.5 | 7.5 | 5.89 | 7.48 | 0.13 |
| WMAC0036 | 326518 | 6699437 | 16.5 | 22.5 | 6.0 | 6.76 | 6.97 | 0.62 |
| WMAC0044 | 326777 | 6699048 | 25.5 | 33.0 | 7.5 | 4.22 | 8.23 | 2.34 |
| WMAC0045 | 326718 | 6699047 | 19.5 | 34.5 | 15.0 | 4.76 | 4.95 | 2.69 |
| WMAC0052 | 326660 | 6698838 | 25.5 | 31.5 | 6.0 | 13.04 | 6.24 | 4.12 |
| WMAC0053 | 326721 | 6698838 | 21.0 | 27.0 | 6.0 | 2.58 | 10.63 | 0.36 |
| WMAC0054 | 326781 | 6698838 | 18.0 | 27.0 | 9.0 | 3.91 | 4.60 | 2.07 |
| WMAC0059 | 326876 | 6698752 | 25.5 | 31.5 | 6.0 | 5.93 | 9.98 | 0.09 |
| WMAC0060 | 326848 | 6698751 | 25.5 | 31.5 | 6.0 | 6.43 | 9.08 | 0.49 |
| WMAC0061 | 326816 | 6698751 | 22.5 | 33.0 | 10.5 | 5.81 | 6.46 | 2.13 |
| WMAC0064 | 326727 | 6698745 | 18.0 | 30.0 | 12.0 | 8.20 | 10.40 | 1.14 |
| WMAC0070 | 326877 | 6698637 | 25.5 | 33.0 | 7.5 | 4.77 | 8.10 | 2.34 |
| WMAC0071 | 326818 | 6698638 | 24.0 | 31.5 | 7.5 | 10.88 | 8.79 | 3.95 |
| WMAC0072 | 326759 | 6698639 | 24.0 | 31.5 | 7.5 | 6.06 | 5.69 | 0.69 |
| WMAC0076 | 327018 | 6698256 | 19.5 | 39.0 | 19.5 | 6.05 | 11.75 | 2.38 |
| WMAC0077 | 326989 | 6698255 | 16.5 | 39.0 | 22.5 | 6.87 | 11.60 | 1.56 |
| WMAC0078 | 326928 | 6698254 | 16.5 | 33.0 | 16.5 | 8.78 | 14.12 | 4.52 |
| WMAC0079 | 326897 | 6698254 | 25.5 | 31.5 | 6.0 | 5.78 | 10.16 | 6.09 |
| WMAC0081 | 326959 | 6698254 | 15.0 | 25.5 | 10.5 | 3.89 | 19.29 | 3.88 |
| WMAC0083 | 327099 | 6697768 | 27.0 | 33.0 | 6.0 | 9.54 | 16.97 | 8.57 |
| WMAC0084 | 327127 | 6697764 | 21.0 | 34.5 | 13.5 | 8.23 | 7.88 | 3.50 |
| WMAC0086 | 327683 | 6697787 | 16.5 | 30.0 | 13.5 | 3.35 | 23.92 | 7.14 |
| WMAC0088 | 327158 | 6697767 | 15.0 | 33.0 | 18.0 | 7.18 | 16.85 | 2.17 |
| WMAC0089 | 327186 | 6697766 | 21.0 | 30.0 | 9.0 | 6.58 | 14.74 | 0.26 |
| WMAC0090 | 327218 | 6697768 | 24.0 | 30.0 | 6.0 | 5.44 | 12.17 | 0.39 |
Table 3: West Mine North aircore drill results. Intervals calculated using 1.0% HM cut, 3m minimum width, maximum 1.5m internal waste.
| Hole ID | Easting | Northing | RL(AHD) | HoleDepth | DepthFrom(m) | DepthTo(m) | IntervalWidth(m) | HMWt% | SlimesWt% | OsizeWt% |
|---|---|---|---|---|---|---|---|---|---|---|
| WMAC0001 | 326741 | 6700022 | 63 | 36 | 10.5 | 15.0 | 4.5 | 1.14 | 10.60 | 5.42 |
| WMAC0002 | 326680 | 6700022 | 62 | 36 | 9.0 | 13.5 | 4.5 | 1.10 | 16.35 | 5.52 |
| WMAC0002 | 326680 | 6700022 | 62 | 36 | 19.5 | 30.0 | 10.5 | 1.22 | 6.79 | 0.56 |
| WMAC0003 | 326621 | 6700020 | 61 | 36 | 7.5 | 13.5 | 6.0 | 1.10 | 8.04 | 9.41 |
| WMAC0003 | 326621 | 6700020 | 61 | 36 | 19.5 | 34.5 | 15.0 | 1.77 | 5.50 | 14.27 |
| WMAC0004 | 326560 | 6700017 | 61 | 36 | 7.5 | 13.5 | 6.0 | 1.24 | 7.85 | 3.81 |
| WMAC0004 | 326560 | 6700017 | 61 | 36 | 18.0 | 25.5 | 7.5 | 2.63 | 2.33 | 0.08 |
| WMAC0005 | 326505 | 6700038 | 60 | 36 | 9.0 | 12.0 | 3.0 | 1.29 | 12.81 | 2.44 |
| WMAC0005 | 326505 | 6700038 | 60 | 36 | 15.0 | 24.0 | 9.0 | 2.40 | 2.58 | 0.20 |
| WMAC0006 | 326400 | 6700230 | 63 | 36 | 21.0 | 31.5 | 10.5 | 3.38 | 17.17 | 1.77 |
| WMAC0007 | 326328 | 6700241 | 62 | 36 | No Significant Result | |||||
| WMAC0008 | 326256 | 6700253 | 61 | 36 | 19.5 | 24.0 | 4.5 | 1.28 | 23.57 | 0.31 |
| WMAC0008 | 326256 | 6700253 | 61 | 36 | 28.5 | 36.0 | 7.5 | 1.81 | 27.21 | 8.16 |
| WMAC0009 | 326191 | 6700263 | 60 | 36 | 15.0 | 18.0 | 3.0 | 1.39 | 19.69 | 1.50 |
| WMAC0009 | 326191 | 6700263 | 60 | 36 | 25.5 | 33.0 | 7.5 | 1.56 | 15.57 | 2.59 |
| WMAC0010 | 326439 | 6699839 | 60 | 36 | 7.5 | 15.0 | 7.5 | 1.06 | 10.48 | 1.65 |
| WMAC0011 | 326499 | 6699839 | 59 | 36 | 7.5 | 24.0 | 16.5 | 2.09 | 6.79 | 0.80 |
| WMAC0012 | 326558 | 6699839 | 60 | 36 | 4.5 | 13.5 | 9.0 | 1.29 | 17.48 | 3.33 |
| WMAC0012 | 326558 | 6699839 | 60 | 36 | 16.5 | 24.0 | 7.5 | 1.70 | 2.88 | 0.47 |
| WMAC0013 | 326445 | 6700040 | 60 | 36 | 12.0 | 24.0 | 12.0 | 3.13 | 9.24 | 1.38 |
| WMAC0014 | 326619 | 6699839 | 60 | 36 | 7.5 | 15.0 | 7.5 | 1.43 | 13.38 | 1.80 |
| WMAC0014 | 326619 | 6699839 | 60 | 36 | 18.0 | 22.5 | 4.5 | 2.13 | 3.47 | 0.07 |
| WMAC0014 | 326619 | 6699839 | 60 | 36 | 28.5 | 31.5 | 3.0 | 5.74 | 6.02 | 12.70 |
| WMAC0015 | 326679 | 6699839 | 61 | 36 | 6.0 | 15.0 | 9.0 | 1.41 | 17.16 | 4.02 |
| WMAC0015 | 326679 | 6699839 | 61 | 36 | 24.0 | 34.5 | 10.5 | 1.61 | 7.91 | 9.26 |
| WMAC0016 | 326740 | 6699839 | 61 | 24 | 12.0 | 15.0 | 3.0 | 1.07 | 17.05 | 5.36 |
| WMAC0017 | 326778 | 6699621 | 63 | 36 | 7.5 | 19.5 | 12.0 | 1.74 | 5.13 | 1.73 |
| WMAC0017 | 326778 | 6699621 | 63 | 36 | 30.0 | 36.0 | 6.0 | 1.43 | 4.85 | 9.90 |
| WMAC0018 | 326718 | 6699620 | 63 | 30 | 7.5 | 30.0 | 22.5 | 1.80 | 7.19 | 2.94 |
| WMAC0019 | 326659 | 6699620 | 62 | 39 | 6.0 | 28.5 | 22.5 | 1.96 | 8.74 | 1.87 |
| WMAC0020 | 326599 | 6699620 | 61 | 39 | 4.5 | 25.5 | 21.0 | 1.99 | 13.99 | 2.16 |
| WMAC0021 | 326538 | 6699619 | 60 | 39 | 4.5 | 27.0 | 22.5 | 3.61 | 19.39 | 1.92 |
| WMAC0022 | 326478 | 6699619 | 60 | 39 | 4.5 | 18.0 | 13.5 | 1.15 | 19.20 | 3.43 |
| WMAC0022 | 326478 | 6699619 | 60 | 39 | 24.0 | 28.5 | 4.5 | 1.61 | 3.22 | 1.78 |
| WMAC0023 | 326419 | 6699618 | 59 | 39 | 9.0 | 22.5 | 13.5 | 1.13 | 16.25 | 1.07 |
| WMAC0023 | 326419 | 6699618 | 59 | 39 | 25.5 | 30.0 | 4.5 | 2.52 | 3.39 | 2.26 |
| WMAC0024 | 326547 | 6699541 | 61 | 42 | 4.5 | 25.5 | 21.0 | 2.40 | 10.35 | 4.69 |
| WMAC0025 | 326578 | 6699543 | 61 | 42 | 6.0 | 27.0 | 21.0 | 1.70 | 12.28 | 3.23 |
| WMAC0026 | 326607 | 6699544 | 61 | 42 | 6.0 | 25.5 | 19.5 | 1.86 | 15.45 | 3.69 |
| WMAC0027 | 326636 | 6699544 | 61 | 42 | 9.0 | 27.0 | 18.0 | 2.27 | 14.91 | 2.41 |
| WMAC0028 | 326669 | 6699545 | 62 | 42 | 9.0 | 12.0 | 3.0 | 1.23 | 24.73 | 8.37 |
| WMAC0028 | 326669 | 6699545 | 62 | 42 | 15.0 | 18.0 | 3.0 | 1.22 | 18.74 | 3.15 |
| WMAC0028 | 326669 | 6699545 | 62 | 42 | 22.5 | 28.5 | 6.0 | 4.41 | 6.63 | 0.17 |
| - 8 - | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Hole ID | Easting | Northing | RL(AHD) | HoleDepth | DepthFrom(m) | DepthTo(m) | IntervalWidth(m) | HMWt% | SlimesWt% | OsizeWt% |
| WMAC0029 | 327499 | 6699437 | 66 | 33 | No Significant Result | |||||
| WMAC0030 | 327439 | 6699437 | 66 | 33 | 7.5 | 19.5 | 12.0 | 1.56 | 26.72 | 4.54 |
| WMAC0031 | 327380 | 6699436 | 66 | 33 | No Significant Result | |||||
| WMAC0032 | 326759 | 6699438 | 62 | 33 | 9.0 | 13.5 | 4.5 | 1.17 | 24.64 | 4.88 |
| WMAC0032 | 326759 | 6699438 | 62 | 33 | 16.5 | 25.5 | 9.0 | 1.35 | 11.38 | 0.67 |
| WMAC0033 | 326699 | 6699437 | 62 | 42 | 6.0 | 28.5 | 22.5 | 1.97 | 16.18 | 4.13 |
| WMAC0034 | 326639 | 6699437 | 62 | 42 | 6.0 | 28.5 | 22.5 | 3.30 | 7.98 | 1.26 |
| WMAC0035 | 326579 | 6699437 | 60 | 42 | 4.5 | 28.5 | 24.0 | 2.99 | 11.13 | 1.00 |
| WMAC0036 | 326518 | 6699437 | 60 | 42 | 1.5 | 28.5 | 27.0 | 2.83 | 7.34 | 2.13 |
| WMAC0037 | 326459 | 6699438 | 60 | 42 | 3.0 | 22.5 | 19.5 | 1.67 | 9.70 | 2.57 |
| WMAC0037 | 326459 | 6699438 | 60 | 42 | 25.5 | 34.5 | 9.0 | 10.35 | 6.94 | 1.70 |
| WMAC0038 | 326399 | 6699439 | 60 | 42 | 4.5 | 24.0 | 19.5 | 1.82 | 11.07 | 2.73 |
| WMAC0038 | 326399 | 6699439 | 60 | 42 | 30.0 | 37.5 | 7.5 | 1.25 | 20.31 | 20.13 |
| WMAC0039 | 326819 | 6699236 | 62 | 42 | 21.0 | 27.0 | 6.0 | 1.04 | 10.75 | 0.39 |
| WMAC0040 | 326759 | 6699236 | 62 | 42 | 19.5 | 33.0 | 13.5 | 1.27 | 15.40 | 0.69 |
| WMAC0041 | 326695 | 6699237 | 62 | 26 | 16.5 | 24.0 | 7.5 | 1.59 | 12.08 | 1.79 |
| WMAC0042 | 326895 | 6699049 | 62 | 42 | 18.0 | 21.0 | 3.0 | 1.18 | 15.11 | 0.51 |
| WMAC0043 | 326836 | 6699049 | 62 | 42 | 27.0 | 30.0 | 3.0 | 1.27 | 12.21 | 1.52 |
| WMAC0044 | 326777 | 6699048 | 62 | 42 | 19.5 | 40.5 | 21.0 | 2.23 | 7.74 | 4.85 |
| WMAC0045 | 326718 | 6699047 | 61 | 35 | 9.0 | 34.5 | 25.5 | 3.43 | 12.42 | 3.93 |
| WMAC0046 | 326656 | 6699047 | 61 | 42 | 15.0 | 31.5 | 16.5 | 1.78 | 11.64 | 2.74 |
| WMAC0047 | 326597 | 6699045 | 60 | 42 | 7.5 | 22.5 | 15.0 | 1.41 | 22.77 | 1.60 |
| WMAC0047 | 326597 | 6699045 | 60 | 42 | 25.5 | 36.0 | 10.5 | 3.45 | 12.98 | 3.88 |
| WMAC0048 | 326538 | 6699045 | 60 | 42 | 7.5 | 21.0 | 13.5 | 1.47 | 23.07 | 3.14 |
| WMAC0048 | 326538 | 6699045 | 60 | 42 | 31.5 | 34.5 | 3.0 | 8.12 | 10.55 | 7.90 |
| WMAC0049 | 326477 | 6699044 | 60 | 39 | 31.5 | 34.5 | 3.0 | 1.15 | 8.44 | 14.01 |
| WMAC0050 | 326541 | 6698838 | 60 | 42 | No Significant Result | |||||
| WMAC0051 | 326601 | 6698838 | 60 | 39 | 7.5 | 10.5 | 3.0 | 1.12 | 27.39 | 2.36 |
| WMAC0051 | 326601 | 6698838 | 60 | 39 | 30.0 | 37.5 | 7.5 | 1.69 | 5.88 | 19.49 |
| WMAC0052 | 326660 | 6698838 | 61 | 39 | 16.5 | 37.5 | 21.0 | 4.96 | 7.84 | 9.70 |
| WMAC0053 | 326721 | 6698838 | 61 | 39 | 7.5 | 12.0 | 4.5 | 1.38 | 25.46 | 5.07 |
| WMAC0053 | 326721 | 6698838 | 61 | 39 | 15.0 | 33.0 | 18.0 | 2.15 | 10.02 | 4.29 |
| WMAC0054 | 326781 | 6698838 | 61 | 27 | 9.0 | 27.0 | 18.0 | 2.64 | 10.76 | 4.54 |
| WMAC0055 | 326841 | 6698838 | 62 | 39 | 9.0 | 31.5 | 22.5 | 2.03 | 15.36 | 3.02 |
| WMAC0056 | 326900 | 6698838 | 62 | 39 | 24.0 | 31.5 | 7.5 | 1.40 | 8.19 | 0.55 |
| WMAC0057 | 326960 | 6698838 | 63 | 39 | 27.0 | 30.0 | 3.0 | 1.92 | 11.18 | 1.22 |
| WMAC0058 | 327019 | 6698838 | 63 | 39 | 18.0 | 30.0 | 12.0 | 1.56 | 12.89 | 1.01 |
| WMAC0059 | 326876 | 6698752 | 62 | 39 | 18.0 | 34.5 | 16.5 | 3.07 | 12.90 | 3.44 |
| WMAC0060 | 326848 | 6698751 | 62 | 39 | 16.5 | 31.5 | 15.0 | 3.52 | 13.61 | 0.36 |
| WMAC0060 | 326848 | 6698751 | 62 | 39 | 34.5 | 39.0 | 4.5 | 1.66 | 5.43 | 3.51 |
| WMAC0061 | 326816 | 6698751 | 61 | 39 | 18.0 | 39.0 | 21.0 | 3.80 | 11.98 | 3.25 |
| WMAC0062 | 326788 | 6698748 | 61 | 27 | 13.5 | 27.0 | 13.5 | 2.20 | 6.00 | 2.30 |
| WMAC0063 | 326758 | 6698747 | 61 | 29 | 10.5 | 28.5 | 18.0 | 2.71 | 9.74 | 3.88 |
| WMAC0064 | 326727 | 6698745 | 61 | 33 | 9.0 | 31.5 | 22.5 | 4.94 | 14.32 | 5.02 |
| WMAC0065 | 326698 | 6698744 | 62 | 39 | 19.5 | 36.0 | 16.5 | 5.76 | 10.10 | 5.23 |
| Hole ID | Easting | Northing | RL(AHD) | HoleDepth | DepthFrom(m) | DepthTo(m) | IntervalWidth(m) | HMWt% | SlimesWt% | OsizeWt% |
|---|---|---|---|---|---|---|---|---|---|---|
| WMAC0066 | 326668 | 6698744 | 62 | 39 | 9.0 | 12.0 | 3.0 | 1.12 | 29.16 | 6.16 |
| WMAC0066 | 326668 | 6698744 | 62 | 39 | 25.5 | 36.0 | 10.5 | 2.61 | 3.49 | 10.24 |
| WMAC0067 | 327056 | 6698640 | 62 | 39 | 10.5 | 13.5 | 3.0 | 1.12 | 20.02 | 2.89 |
| WMAC0068 | 326999 | 6698639 | 62 | 39 | 10.5 | 13.5 | 3.0 | 1.18 | 21.38 | 3.80 |
| WMAC0068 | 326999 | 6698639 | 62 | 39 | 25.5 | 37.5 | 12.0 | 1.38 | 10.08 | 1.49 |
| WMAC0069 | 326940 | 6698638 | 61 | 39 | 18.0 | 30.0 | 12.0 | 2.08 | 12.52 | 0.48 |
| WMAC0070 | 326877 | 6698637 | 62 | 39 | 16.5 | 36.0 | 19.5 | 2.62 | 11.61 | 3.47 |
| WMAC0071 | 326818 | 6698638 | 62 | 32 | 16.5 | 31.5 | 15.0 | 6.80 | 15.08 | 5.44 |
| WMAC0072 | 326759 | 6698639 | 61 | 39 | 6.0 | 10.5 | 4.5 | 1.14 | 14.79 | 13.69 |
| WMAC0072 | 326759 | 6698639 | 61 | 39 | 19.5 | 37.5 | 18.0 | 3.38 | 8.13 | 6.86 |
| WMAC0073 | 326697 | 6698637 | 59 | 39 | 6.0 | 9.0 | 3.0 | 1.17 | 18.69 | 9.71 |
| WMAC0073 | 326697 | 6698637 | 59 | 39 | 28.5 | 39.0 | 10.5 | 1.96 | 6.84 | 16.01 |
| WMAC0074 | 326639 | 6698639 | 58 | 39 | 6.0 | 9.0 | 3.0 | 1.08 | 28.51 | 5.06 |
| WMAC0074 | 326639 | 6698639 | 58 | 39 | 28.5 | 33.0 | 4.5 | 1.19 | 4.97 | 16.98 |
| WMAC0075 | 327047 | 6698257 | 61 | 39 | 9.0 | 12.0 | 3.0 | 1.16 | 19.92 | 4.48 |
| WMAC0075 | 327047 | 6698257 | 61 | 39 | 15.0 | 34.5 | 19.5 | 1.80 | 15.49 | 1.82 |
| WMAC0076 | 327018 | 6698256 | 61 | 39 | 7.5 | 39.0 | 31.5 | 4.33 | 14.80 | 4.01 |
| WMAC0077 | 326989 | 6698255 | 61 | 39 | 7.5 | 39.0 | 31.5 | 5.30 | 13.87 | 3.64 |
| WMAC0078 | 326928 | 6698254 | 61 | 39 | 10.5 | 34.5 | 24.0 | 6.44 | 14.70 | 7.82 |
| WMAC0079 | 326897 | 6698254 | 61 | 39 | 9.0 | 12.0 | 3.0 | 1.26 | 23.30 | 1.96 |
| WMAC0079 | 326897 | 6698254 | 61 | 39 | 16.5 | 37.5 | 21.0 | 2.61 | 12.78 | 6.84 |
| WMAC0080 | 326867 | 6698252 | 60 | 39 | 15.0 | 39.0 | 24.0 | 2.33 | 12.69 | 6.88 |
| WMAC0081 | 326959 | 6698254 | 61 | 26 | 9.0 | 25.5 | 16.5 | 3.04 | 19.61 | 5.49 |
| WMAC0082 | 327070 | 6697762 | 60 | 39 | 28.5 | 31.5 | 3.0 | 2.30 | 12.47 | 4.23 |
| WMAC0083 | 327099 | 6697768 | 61 | 39 | 15.0 | 36.0 | 21.0 | 3.60 | 15.63 | 4.80 |
| WMAC0084 | 327127 | 6697764 | 61 | 39 | 13.5 | 39.0 | 25.5 | 5.06 | 11.90 | 3.28 |
| WMAC0085 | 327636 | 6697781 | 63 | 39 | 10.5 | 25.5 | 15.0 | 1.36 | 16.47 | 3.59 |
| WMAC0086 | 327683 | 6697787 | 63 | 39 | 15.0 | 30.0 | 15.0 | 3.20 | 22.41 | 7.19 |
| WMAC0087 | 327735 | 6697790 | 62 | 39 | 15.0 | 22.5 | 7.5 | 2.76 | 36.23 | 7.94 |
| WMAC0087 | 327735 | 6697790 | 62 | 39 | 31.5 | 39.0 | 7.5 | 1.22 | 26.50 | 24.41 |
| WMAC0088 | 327158 | 6697767 | 61 | 39 | 10.5 | 34.5 | 24.0 | 5.64 | 16.22 | 3.96 |
| WMAC0089 | 327186 | 6697766 | 61 | 39 | 15.0 | 36.0 | 21.0 | 3.69 | 15.31 | 3.24 |
| WMAC0090 | 327218 | 6697768 | 62 | 39 | 16.5 | 33.0 | 16.5 | 3.03 | 12.37 | 1.33 |
ABOUT SHEFFIELD RESOURCES
Sheffield Resources Limited (Sheffield) is a new exploration company with a bulk minerals focus. The Company's Projects are geared towards the steel industry feed cycle (iron ore and tungsten) and the emerging fillers-ceramics-pigments cycle (talc, zircon, titanium dioxide).
| ASX Code – | Market Cap @ 26cps - |
|---|---|
| SFX | $15.3m |
| Issued shares –58.7m | Cash -$4.1(approx.) |
The Company has over 6,000km2 of highly prospective tenure, all situated in Western Australia.
HEAVY MINERAL SANDS
Sheffield controls over 5,000km2 of mineral sands tenure in the established North Perth Basin mineral sands province and the emerging Carnarvon, Eucla and Canning Basin provinces.
Sheffield's North Perth Basin tenement package of over 2,500km2 contains seven advanced exploration projects: West Mine North, Ellengail, Yandanooka, Durack, Beekeepers, and Irwin which are located near Eneabba and the large McCalls deposit - a former BHP project located near Gingin. These projects are well located close to existing mineral sands operations and to a network of highways and railway lines connecting to Geraldton and Fremantle/Kwinana ports. Sheffield's strategy is, subject to exploration success, to build multiple HMS projects capable of supporting a flexible mobile mining plant.
TALC
Sheffield has 1,152km2 of tenure over the 175km-long Moora Talc Belt which represents a dominant ground position over a region that has, for the last 50 years, been exclusively controlled by major mining companies.
The Moora Talc Belt includes the large Three Springs mine which is owned by Rio Tinto Limited subsidiary Luzenac Australia Pty Ltd. Three Springs is renowned for producing high purity talc and is a relatively simple "dig-and-deliver" operation.
The existing infrastructure is excellent. A railway and a sealed highway transect the project and connect to Geraldton port approximately 170km to the northwest.
Sheffield's large tenement holding contains numerous talc occurrences and has the potential to become a strategic talc asset. Sheffield therefore represents a unique opportunity for investors to gain exposure to one of the few high-grade talc explorers in the world.
IRON
Sheffield's Pilbara iron ore projects consist of five granted tenements and 7 tenement applications, five of which are subject to ballot with multiple competing parties. Sheffield's strategy is to target hematite mineralisation adjacent to infrastructure in the world class Pilbara iron province and to build up consolidated tenement holdings over time. High grade iron mineralisation has been identified on three of the Company's tenements.