Sheffield managing director Bruce McFadzean. Photo: Attila Csaszar

Sheffield's Thunderbird to cost $348m

Sheffield Resources has moved to the next stage of progressing its Thunderbird mineral sands project near Derby, after releasing a bankable feasibility study which revealed a development capex of $348 million.

The study forecast an earnings before interest, tax, depreciation and amortisation return of $5.1 billion over Thunderbird’s 42-year mine life, with Sheffield managing director Bruce McFadzean heralding the project as world class.

“The study findings show Thunderbird is a technically low-risk project and is anticipated to generate significant and consistent financial returns over an exceptionally long mine life of 42 years,” Mr McFadzean said.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

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

$15k Bought
$5k Bought
$10k Bought
Total value as at the date of the transaction
Source: Morningstar


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

BNiQ Disclaimer