Sheffield Resources Limited (ASX: SFX) has identified a small range of development strategies with its project development review of its world-class Thunderbird Mineral Sands Project in North-West WA.
The project development scenarios include a zircon rich product stream in conjunction with alternate ilmenite streams.
Managing Director, Bruce McFadzean, said the company is progressing the selection of a production pathway that results in lower initial capital expenditure requirement and maximisation of investment returns compared to previously announced BFSU outcomes.
The next phase of the project development review will involve engagement with key stakeholders and potential funding partners to road-test potential development pathways prior to determining a preferred project scope for development.
Mr McFadzean said all major components of the development strategy remain consistent with previously completed feasibility studies and therefore the company expects that a modest amount of future work shall be required to secure the selected development strategy to a bankable feasibility study level.
Sheffield has also revealed that it has appointed the experienced Bruce Griffin as an Executive Director of the company. Mr Griffin joins the executive management team as Commercial Director following his recent consulting engagement whereby he led a study to assess a range of project development options for the Thunderbird Project.
Mr Griffin most recently held the position of Senior Vice President Strategic Development of Lomon Billions Group, the world’s third largest producer of high-quality titanium dioxide pigments.
He has previously held executive management positions in several resource companies, including acting as the Chief Executive Officer and a director of TZ Minerals International Pty. Ltd. (TZMI), the leading independent consultant on the global mineral sands industry, World Titanium Resources, a development stage titanium project in Africa and as Vice President Titanium for BHP Billiton.
Sheffield is delighted to welcome Bruce to the Board and executive management team following on from the strong working relationship we have developed in recent months,” Mr McFadzean said.
“Bruce’s deep understanding of the global mineral sands industry, coupled with his broad operational and capital markets experience will prove invaluable as we progress the development of the Thunderbird Mineral Sands Project.”