Search
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.

Login

(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.

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

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
thMetalsTech0%0%
2ndEuropean Cobalt23400%-7%
90thKairos Minerals125%55%
224thSheffield Resources35%1%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

07/11/17
$61 Other
07/11/17
$143 Bought
07/11/17
$143 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

321st↓Odin Energy$13k
322nd↑European Cobalt$12k
323rd↓Sheffield Resources$12k
324th-MetalsTech$11k
325th↑Kairos Minerals$11k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Sheffield Resources

89thBruce McFadzean$818k
552ndDavid Archer$267k
555thBruce McQuitty$267k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer