https://www.miningweekly.com

Sheffield launches PFS at Thunderbird

Sheffield launches PFS at Thunderbird

Photo by Bloomberg

26th May 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Mineral sands developer Sheffield Resources has launched a prefeasibility study at its Thunderbird project, in Western Australia, following its successful capital raising.

Earlier this month, Sheffield undertook a share placement to raise A$11.5-million in funding.

The company said on Monday that with the raising now complete, Sheffield was fully funded to start its work programme at Thunderbird, as well as to undertake drilling at its Mt Vettel iron-ore prospect, in the Pilbara, and the Red Bull nickel/copper prospect, in the Fraser Range region.

MD Bruce McQuitty said that the company was building momentum following the outstanding Thunderbird scoping study results.

“The recently completed A$11.5-million capital raising has given us impetus to aggressively pursue our feasibility milestone at Thunderbird, targeting first production in 2017.”

The scoping study indicated that, based on a current resource of 2.62-billion tonnes, grading 6.5% heavy mineral sands, for 170-million tonnes of contained heavy mineral sands, the Thunderbird project could, on average, deliver 118 200 t/y of zircon, 545 000 t/y of ilmenite and 21 700 t/y of rutile and leucoxene.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 
Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.94s - 111pq - 2rq
Subscribe Now