Sheffield Resources Limited · ASX:SFX
Sheffield Resources — Shareholder Meeting (November 2012)
20 slides from Sheffield Resources's shareholder meeting presentation, Nov 29, 2012
Slide 1: Sheffield Resources Ltd Annual General Meeting
Sheffield Resources Ltd Annual General Meeting 29 November 2012 ASX:SFX | www.sheffieldresources.com.au
Slide 2: Disclaimer
Disclaimer COMPETENT PERSONS’ STATEMENT – EXPLORATION RESULTS The information in this presentation that relates to exploration results is based on information compiled by David Archer and David Boyd. Both Mr Archer and Mr Boyd are full time employees of the Company and are Members of the Australasia
Slide 3: Company Snapshot
Company Snapshot Capital Structure Board & Management Share price $0.48 Will Burbury Executive Chairman Shares on issue 98.4m Bruce McQuitty Managing Director Options (Ave. Ex Price ~25.2c) 28.4m David Archer Technical Director Market Cap (Undiluted) $47.2m David Boyd Exploration Manager Cash at 30
Slide 4: Investment Summary
Investment Summary Rapidly Emerging Player in Mineral Sands Sector Project • ASX listed less than 2 years Locations • 58Mt HM in resource inventory1 + recent discoveries Dampier – Mineral Sands • Flagship project Dampier – HMS • First large, high grade discovery in the Canning Basin • Large high gra
Slide 5: Year In Review
Year In Review A Year of Exploration Success Underpinned by a $10million Capital Raising Aug 2011: Mineral Resource at Yandanooka HMS Prospect Oct 2011: Mineral Resource at Ellengail HMS Prospect Nov 2011: Mineral Resource at West Mine North HMS Prospect Dec 2011: Large Exploration Target from drill
Slide 6: Dampier HMS
Dampier HMS • Previously under-explored region • Sheffield first mover with over 3,000 km² of tenure • The Dampier Project contains two significant heavy mineral sands prospects: Thunderbird and Argo • Thunderbird is a large shallow deposit on the eastern zone and is the first major discovery in the
Slide 7: Thunderbird HMS Discovery
Thunderbird HMS Discovery D’ Thunderbird has scale: • Strike potential of 15 km (only 8km drilled), width 4km • Thickness up to 52m High grades: D Exceptional broad, high grade intersections: 52.5m @ 10.1% HM from 3m (THAC117) 50.0m @ 8.8% HM from 15m (THAC118) 45.0m @ 10.4% HM from 1.5m (THAC113) 4
Slide 8: Thunderbird HMS Discovery
Thunderbird HMS Discovery Greyscale DTM image Drilling programme completed • Maiden drilling programme: 164 holes for 7,500m Sheffield Resources Ltd Dampier Project • All assay results returned & reported Thunderbird Prospect >5% HM Wireframe High grade zone outlined – potential “starter pit” • Inte
Slide 9: Thunderbird – Mineralogy & Metallurgy
Thunderbird – Mineralogy & Metallurgy Mineral Assemblage: 7.1% zircon, 2.6% rutile, 2.9% leucoxene, and 31.7% ilmenite from initial batch of QEMSCAN results1 • Central High Grade Domain (>5% cut-off) has a high in situ zircon content of 0.65% (9.8% HM x 6.6% zircon) • Further 54 QEMSCAN results are
Slide 10: Dampier HMS – Exploration Upside
Dampier HMS – Exploration Upside Zircon Tail Cleaner stage gravity separation of HM on bulk sample from Argo Prospect the Argo prospect. Source: Rio Tinto Exploration Pty Ltd open file report. • 12km west of Thunderbird • High priority drilling target with established mineralisation (based on a sing
Slide 11: Red Bull Ni-Cu
Red Bull Ni-Cu • Red Bull Project comprises two exploration licences (one remains in application) • Combined project area of 525km2 • A significant new nickel-copper discovery (Nova) has recently been made by Sirius Resources NL (ASX:SIR) • Red Bull is within 20km of the Nova discovery, within simil
Slide 12: Red Bull Ni-Cu
Red Bull Ni-Cu VTEM survey • Target area 144sq km, mostly under shallow transported cover • Initial survey of 1,141 line km completed, preliminary data received • 100m line spacing in northern half of survey area, 200m line spacing in southern half • 4 high order EM anomalies identified in southern
Slide 13: Red Bull Ni-Cu
Red Bull Ni-Cu Four High Order EM Anomalies • Four High Order EM Anomalies (RB_VA1-4) in southern survey area • Three of these have coincident magnetic anomalies • Immediate focus for ground-based work programmes (e.g. soils, ground EM techniques) ASX:SFX | www.sheffieldresources.com.au 13
Slide 14: Red Bull Ni-Cu
Red Bull Ni-Cu Targets from historic data review • 8km long anomalous Ni-Cu trend identified from historical aircore drilling results • Maximum values 0.34% Ni, 670ppm Cu, 320ppm Co • Favourable mafic and ultramafic host rocks and large structures • Disseminated sulphides noted by previous explorers
Slide 15: Eneabba HMS
Eneabba HMS • Established mining district dominated initially by Iluka Resources Ltd and Tronox Ltd • ~140km south of Geraldton port • Sheffield’s Mineral Resources total 226Mt @ 2.3% HM, containing 5.29Mt HM1 (4 deposits) • Good all-round mineral assemblage: 11% zircon, 6.7% rutile, 6.4% leucoxene
Slide 16: McCalls HMS
McCalls HMS • Large high TiO2 ilmenite deposit, located 110km north of Perth • Globally significant asset receiving considerable industry attention • Mineral Resource of 4.4Bt @ 1.2% HM, containing 53Mt HM¹ • Lower grade but has scale: • contains over 40Mt of chloride grade ilmenite (65.4% TiO2 dete
Slide 17: Summary
Summary • Dampier - the flagship project; Thunderbird – a large high grade discovery • Canning Basin is a new HMS province with more discoveries to be made • Evaluating multiple EM anomalies at Red Bull Ni-Cu project in Fraser Range province • Established Mineral Resources at Eneabba and McCalls car
Slide 18: Contact details
For further information please contact: Sheffield Resources Ltd 14 Prowse Street West Perth WA 6005 Ph +61 (8) 6424 8440 www.sheffieldresources.com.au [email protected] ASX:SFX | www.sheffieldresources.com.au 18
Slide 19: Appendix 1 Resource Inventory
Appendix 1 Resource Inventory Sheffield’s contained Valuable HM (VHM)* Resource inventory (0.9% HM cut-off) Deposit Resource Category Zircon Rutile Leuc. Ilmenite Total VHM (‘000t) (‘000t) (‘000t) (‘000t) (‘000t) Yandanooka Indicated 201 117 168 1,072 1,558 Yandanooka Inferred 12 8.5 15 73 108 Durac
Slide 20: Appendix 2 HMS Mineral Resource Inventory
Appendix 2 HMS Mineral Resource1 Inventory at 0.9% HM Cut-off 28 Aug 2012 ENEABBA PROJECT Deposit Resource Material Bulk Density HM Slimes % Osize In-situ HM Zircon Rutile Leuc. Ilmenite Category (Mt)* % % (Mt)* % % % % Yandanooka Indicated 61.00 2.0 2.8 14.7 9.4 1.72 11.7 6.8 9.8 62.3 Yandanooka In
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