Sheffield Resources Limited (“Sheffield”, “the Company”) (ASX: SFX) is pleased to advise that the Australian Government’s Department of the Environment and Energy has granted environmental approval for the Thunderbird Mineral Sands Project (Thunderbird) under the Environmental Protection and Biodiversity Conservation Act 1999 (EPBC Act).
Federal environmental approval represents the final key permit required to develop Thunderbird, one of the world’s largest mineral sands deposits. It follows the granting of the Mining Lease by Western Australia’s Department of Mines, Industry, Regulation and Safety (refer ASX announcement 26 September 2018).
EPBC Act approval comes after the Western Australian Minister for Environment, the Hon Stephen Dawson MLC, issued a Ministerial Statement consenting to the development and operation of Thunderbird (refer to ASX announcement dated 13 August 2018). The granting of Federal and State approvals follow four years of environmental studies, consultation and assessment, which demonstrate the Project’s low environmental impact.
Sheffield Resources’ Managing Director, Mr Bruce McFadzean, said it had been a momentous week for Sheffield, with all key permits now secured.
“We’re looking forward to developing Thunderbird, a project that will make a significant contribution to the economy and to communities throughout the Kimberley. We are ready and committed to providing long-term local employment and business opportunities and providing a significant boost to regional development.”
Sheffield will produce high grade, premium quality zircon and titanium products at Thunderbird over a 42-year mine life. Initial production is targeted in 2020.
Sheffield will continue to keep the community and shareholders advised of any material developments, as they arise.
ASX AND MEDIA RELEASE
28 SEPTEMBER 2018