Sheffield Resources granted environmental approval for Thunderbird

Company News

by Rachael Jones

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Last Updated: 17/02/2020 10:33 AM

Sheffield Resources (ASX:SFX) has been granted environmental approval for the Thunderbird Mineral Sands Project under the Environmental Protection and Biodiversity Conservation Act 1999.

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.

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.

Shares in Sheffield Resources (ASX:SFX) closed 7.08 per cent lower to $1.12

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.