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Sheffield Resources managing director Bruce McFadzean.

Sheffield raises $17m for mineral sands project

Perth-based Sheffield Resources has tapped investors for a $17.1 million capital raising to fund completion of a bankable feasibility study on its $271 million Thunderbird mineral sands project near Derby.

The aspiring miner said it had received firm commitments for the placement of 32.9 million shares at 52 cents each to raise the funds, representing a 17 per cent discount to the company’s 30-day volume-weighted average price.

Managing director Bruce McFadzean said the company was now fully funded beyond the bankable feasibility study, expected to be complete by year’s end, and to continue offtake and financing negotiations.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
606thSheffield Resources-36%1%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

22/08/17
$15k Bought
18/08/17
$5k Bought
15/08/17
$10k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Sheffield Resources$12k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Sheffield Resources

92ndBruce McFadzean$818k
565thDavid Archer$267k
568thBruce McQuitty$267k
Ranked by total remuneration from all listed WA companies

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