Sheffield Resources (“Sheffield” or “the Company”), is an ASX listed heavy mineral sands (“HMS”) developer, with first production from the 50% owned Thunderbird Mineral Sands Project (“Thunderbird”) expected in Q4, CY2023, and first customer deliveries in Q1, 2024. Thunderbird, which is 50% owned through Kimberley Mineral Sands Pty Ltd (“KMS”), an incorporated JV with YGH Australia Investment Pty Ltd (“Yansteel”), is shaping up to be a significant global producer of zircon, and is expected to provide a strong dividend stream to Sheffield (potentially up to A$130 million pa for a staged operation), with payment of dividends possibly commencing in FY2025.
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Independent Investment Research – Sheffield Resources Limited(ASX: SFX)
