Sheffield Resources Limited · ASX:SFX
Sheffield Resources — Investor Presentation (April 2019)
22 slides from Sheffield Resources's investor presentation, April 2019
Slide 1: Project Update: Broome & Derby
PROJECT UPDATE April 2019 Broome & Derby
Slide 2: Compliance and disclaimer
Compliance and disclaimer IMPORTANT: You must read the following before continuing. Summary information in relation to Sheffield This presentation contains summary information about Sheffield [Resources Limited (ACN 125 811 083) (Company or Sheffield), i ts subsidiaries and their activities which is
Slide 3: Compliance and disclaimer
Compliance and disclaimer Not financial product advice This presentation, and the information provided in it, does not constitute, and is not intended to constitute, investment or financial product advice (nor tax, accounting or legal advice). This presentation should not be relied upon as advice to
Slide 4: Overview
Overview SHEFFIELD RESOURCES is developing the Thunderbird Mineral Sands Project located mid- way between Derby and Broome. image • Thunderbird – the project • Project status – shovel ready • Market and customers • Execution strategy • Development timeline • Summary 4
Slide 5: Thunderbird - the project
<i> ¥ SheffieldResources Thunderbird - the project
Slide 6: Thunderbird
Thunderbird • Thunderbird is one of the largest, high quality mineral sands discoveries in recent decades • The BFS supports a low cost, low risk operation over 42-year LOM • The Project is in one of the most attractive destinations for mining globally • Mineral sands - every day in every way: house
Slide 7: Project status – shovel ready
Project status – shovel ready 7
Slide 8: Fully permitted and construction ready
Fully permitted and construction ready Management has achieved all key milestones prior to equity funding ✓ Fully permitted and construction ready ✓ Debt financing 100% secured1 • Mining Lease granted, water permits and Federal and State • US$175m debt facility provided by Taurus environmental appro
Slide 9: Final Major Milestone – close the funding gap
Final Major Milestone – close the funding gap • Appointment of UBS AG to facilitate third-party strategic partner to advance the development the Thunderbird • UBS is managing a structured process for the introduction of a strategic party to assist Sheffield to achieve development objectives for Thun
Slide 10: Market outlook and customers
MARKET - outlook remains positive and strengthening CUSTOMERS – strong interest 10
Slide 11: A globally significant zircon discovery
A globally significant zircon discovery Only opportunity to secure a large scale greenfield zircon project, with no other significant discoveries remaining Globally significant zircon discoveries over the past 30 years based Thunderbird (SFX) on published pre-production resources1 • Thunderbird is o
Slide 12: Largest, high grade, zircon rich mineral sands projects globally
Largest, high grade, zircon rich mineral sands projects globally Comparison of Ore Reserves and grade between the key global mineral sands deposits 1,2,3 TiO2 Grade % 5.0 Bubble size Fairbreeze (TROX) THUNDERBIRD (SFX) represents contained VHM within Ore 4.0 In Situ Titanium Minerals (Ilm+Lux+Rut) %
Slide 13: Customers
Customers <i> SheffieldResources il ° 4 M4 : «(|| gh . : SheffieldResource: Cp eo) + LIMITED oO a = 5 ‘ i et b Pe ay ¥ a FEN ( _% : A, *] } a) Fe 2 ¥ Pri 1 Lab Gey Q- =
Slide 14: China customer visit 2019
China customer visit 2019 • Zircon upgrading plant • Riverport barges & un/loading facilities • Ship loading 4 April 2019 14
Slide 15: Execution strategy
4il|i> SheffieldResources LIMITED Execution strategy
Slide 16: Stage 1 execution strategy
Stage 1 execution strategy GRES will deliver the process plant and associated infrastructure on a fixed price, turnkey basis 1 2 3 Owners Works (A$97m) EPC Design and Engineering Construction (A$366m) • Sheffield to manage various contracts via a combination of EPC, • To be undertaken by GR Engineer
Slide 17: Summary of Owners Works Strategy (A$97m)
Summary of Owners Works Strategy (A$97m) Outside of the EPC contract with GRES, the remaining A$97m of Stage 1 capex will be delivered by Sheffield in the form of further EPC contracts or managed directly by Sheffield Further EPC Tenders Specification Cost Estimate (A$m) Basis of Estimate • Almost 5
Slide 18: Development timeline
(|| SheffieldResources LIMITED Development timeline
Slide 19: Stage 1 development & commissioning timeline
Stage 1 development & commissioning timeline The proposed timetable takes into account all foreseeable seasonal events, such as the wet season. Early works have already commenced Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Early Works Comp
Slide 20: Summary
Summary • Thunderbird is the largest undeveloped zircon deposit in the world • The project is fully permitted and shovel ready • Thunderbird is a large high grade deposit with a 42 year mine life • Multiple exploration discoveries confirms a new zircon rich province • Consensus supports a significan
Slide 21: Thank you
oe) i “THANK You! ; gm. _ i, . Follow us www.sheffield.com.au aie : we ! 4i||i> ; SheffieldResources LIMITED Level 2, 41-47 Colin Street, West Perth WA 6005 | PO Box 205, West Perth WA 6872 | Unit 6, 41 Carnarvon Street, Broome WA 6725 | 2 Clarendon Street, Derby WA 6728 T+61 8 6555 8777 | F +618 65
Slide 22: 8 years of Thunderbird history
8 years of Thunderbird history A greenfield project rapidly progressed by Sheffield from the grassroots exploration stage which has achieved all key milestones Milestones pre BFS release Milestones post BFS release Dec 2010: EL 2012: Maiden 2014: Resource Oct 2015: Mar 2017: BFS May 2018: Port Sep 2
Sheffield Resources — Investor Presentation (April 2019) on 6ix