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SFX, SHEFFIELD RESOURCES LIMITED
blacksheep
post Posted: Nov 13 2018, 10:10 AM
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In Reply To: blacksheep's post @ Oct 19 2018, 01:56 PM

SFX gets a mention here - Zircon Miners On The March By Tim Boreham - along with ILU, IMA and DRX

QUOTE
Sheffield shares have retreated sharply after hitting $1.20 in early October, despite talk that Thunderbird would make for better economies if it were in the hands of a major.

In other words, Sheffield is a takeover target.


https://www.sharecafe.com.au/2018/11/08/zir...s-on-the-march/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 19 2018, 01:56 PM
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In Reply To: blacksheep's post @ Oct 9 2018, 11:49 AM

SP down 7.1% - 99.5c currently - following today's revised budget ann

QUOTE
Based on these changes, Sheffield’s current estimate of the total Stage 1 capital requirement is A$463m
(being a A$115m increase over the March 2017 BFS total Stage 1 capital cost estimate). Importantly,
approximately 80% increase in capital costs is expected to be covered by the proposed NAIF facilities. As
a result, the Project requires A$20m of additional equity funding compared to the previous estimate,
representing a less than 6% increase in the capital cost to shareholders over the past two years. This
amount does not include ramp up working capital, corporate overheads or financing costs.


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 9 2018, 11:49 AM
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In Reply To: blacksheep's post @ Sep 26 2018, 11:24 AM

EXCEPTIONAL RESULTS CONFIRM MAJOR DISCOVERY AT NIGHT TRAIN
9 OCTOBER 2018
QUOTE
HIGHLIGHTS
• Outstanding drill results confirm Night Train as a major new zircon-rich mineral sands discovery
• 27m @ 5.29% HM, including 22.5m @ 6.17%HM – a record high grade intersection at Night Train
• Mineralisation is up to 27m thick, 1.5km wide and continuous over 4.5km strike length
• Situated just 20km from Thunderbird and adjacent to the planned haul road
• Open along strike, down dip and thickening to the south-southwest
• Maiden Mineral Resource estimate scheduled for Q1 2019

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 26 2018, 11:24 AM
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In Reply To: blacksheep's post @ Sep 19 2018, 10:59 AM

MINING LEASE GRANTED OVER THUNDERBIRD MINERAL SANDS PROJECT
QUOTE
Sheffield Resources Limited (“Sheffield”, “the Company”) (ASX: SFX) is pleased to advise that Western
Australia’s Department of Mines, Industry, Regulation and Safety has granted the Mining Lease for the
Thunderbird Mineral Sands Project (Thunderbird) in northern Western Australia.

Sheffield Resources Managing Director, Mr Bruce McFadzean, said that the granting of the Mining Lease
achieves a key milestone allowing the Company to commence preparations for construction.

“This is a really terrific result for shareholders and our regional stakeholders,” Mr McFadzean said.
“Thunderbird has a mine life of more than 40 years and this milestone enables us to deliver on our
commitments to Traditional Owners and local communities.”

The granting of the Mining Lease leaves the Federal environmental approval as the final key permitting
hurdle for Thunderbird which is expected this month.

It also follows the announcement last week of A$95 million long term debt facility to support the
development of Thunderbird infrastructure.

Sheffield will continue to keep the community and shareholders advised of any material developments,
as they arise.


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 19 2018, 10:59 AM
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In Reply To: blacksheep's post @ Aug 15 2018, 11:07 AM

QUOTE
NAIF APPROVES LOAN FACILITIES TOTALLING A$95M

Sheffield Resources Limited (“Sheffield” or “the Company”) (ASX: SFX) is pleased to advise that the
Northern Australia Infrastructure Facility (“NAIF”) Board has made an Investment Decision to offer financial
assistance to support the development of the Thunderbird Mineral Sands Project (“Thunderbird”) in the
Kimberley region of Western Australia, via the provision of long term debt facilities totalling A$95 million
(“NAIF Facilities”).

The NAIF Facilities are subject to definitive written agreements being entered into between the Company
and the State of Western Australia as lender and customary conditions precedent to drawdown, including
the State’s (Western Australia) approval for NAIF funds to be provided to the Company (the "PreConditions").
The NAIF Facilities will enable Sheffield to construct on-site LNG power generation and storage facilities at
Thunderbird, in addition to enabling the upgrading of mine site roads, in-sourcing of mine site
accommodation, and facilitating the construction and revitalisation of ship loading and logistics assets
within the Port of Derby in Western Australia.

The Thunderbird Bankable Feasibility Study ("BFS"), released in March 2017, contemplated the provision
of on-site power generation and accommodation facilities by third parties on an outsourced Build-OwnOperate
(BOO) basis, inclusive of capital recovery charges payable to third party service providers. The longterm
tenor and concessional arrangements approved by NAIF would, following satisfaction of the PreConditions,
enable the Company to now in-source the power generation and accommodation facilities on
commercially attractive terms and reduce overall operating costs following removal of BOO related capital
recovery charges.

NAIF and Sheffield have agreed non-binding term sheets for the NAIF Facilities, which would comprise a
A$30 million Project Development Facility and a A$65 million Infrastructure Development Facility (as
detailed in Schedules 1 and 2).

As a result of the NAIF Facilities, Sheffield would no longer require the US$25 million contingent instrument
facility to be provided by Taurus Mining Finance Fund (Taurus) (refer ASX announcement 18 October 2017).
Sheffield Resources Managing Director, Mr Bruce McFadzean said, “We are extremely pleased with the
level of support shown by NAIF and the Federal Government as we progress the development of the
Thunderbird Mineral Sands Project. Whilst the NAIF Facilities would not reduce total funding requirements,
the proposed structure provides a pathway for Sheffield to own the asset infrastructure and provides for
lower operating costs when compared to the Thunderbird BFS
. NAIF’s approval of a concessional loan on
the terms and tenor defined in the term sheets is a significant milestone for Thunderbird and will underpin
many hundreds of jobs in the Kimberley region over several decades.

The NAIF Facilities were arranged with the assistance of Azure Capital, Sheffield’s financial adviser.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 15 2018, 11:07 AM
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Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Jul 16 2018, 09:07 PM

QUOTE
Sheffield Resources Limited (“Sheffield”, “the Company”) (ASX: SFX) is pleased to advise that the Company’s Thunderbird Mineral Sands Project in northern Western Australia has been granted environmental approval by the State Government of Western Australia (State).

Western Australian Minister for Environment (Minister), the Hon Stephen Dawson MLC, issued a Ministerial Statement (Statement) regarding EPA Report 1606, consenting to the development and operation of the Thunderbird Mineral Sands Project (Project).

The full Statement can be found here:
http://www.epa.wa.gov.au/proposals/thunder...l-sands-project

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

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blacksheep
post Posted: Jul 16 2018, 09:07 PM
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Investor Roadshow - Sydney/Melbourne - presentation released today - https://www.asx.com.au/asxpdf/20180716/pdf/...jpk1cnlw3pk.pdf
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
cooderman
post Posted: Mar 21 2014, 02:16 PM
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looks like its gone on with the breakout on the 19th March ...I stayed out because volume was not overly large on breakout

hope for a pullback to what could now be support and a good entry position

yesterdays daily chart:
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chiller
post Posted: Nov 14 2012, 08:52 AM
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Anyone following this company?

Cheers Charles



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Temporary insanity only
 
ShareScene.com
post Posted: Nov 19 2007, 02:05 PM
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Created by request:
STORM FINANCIAL LIMITED (SFX)

Thankyou
ShareScene.com

 
 



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