- Posted By Sales Office
Sheffield Resources Limited (“Sheffield”, “the Company”) (ASX: SFX) has advised that it has signed a binding Port Access Agreement (Agreement) with the Shire of Derby-West Kimberley in Western Australia.
The Agreement spans a minimum of 20 years of planned production and provides the Company with long term access to a bulk handling facility and associated infrastructure located at the Port of Derby. Sheffield plans to export its mineral sands bulk products including LTR ilmenite, zircon concentrate and titano-magnetite from its Thunderbird Mineral Sands Project through the Port of Derby to markets around the world. Infrastructure at the Port of Derby was previously used for the export of base metal concentrates and is very well suited to the export of mineral sands products.
Sheffield’s Managing Director, Bruce McFadzean, said “The execution of this Port Access Agreement is a key milestone for Sheffield as we move a step closer to developing the Thunderbird Mineral Sands Project. We welcome the Shire of Derby-West Kimberley and the WA Department of Transport’s support in facilitating this agreement, which will enable the transhipment of our bulk commodity products from Thunderbird. The Port facility will provide employment and contract opportunities for the people of Derby as we move Thunderbird toward construction and into production.”
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