Thunderbird's zircon in demand

SHEFFIELD Resources has now signed binding offtake agreements for 93% of the premium zircon it will produce in the initial years of operations at the planned Thunderbird operation in northern Western Australia.

Thunderbird's zircon in demand Thunderbird's zircon in demand Thunderbird's zircon in demand Thunderbird's zircon in demand Thunderbird's zircon in demand

The latest deal was signed with another Chinese firm, Qingyuan Jinsheng ZR & TI Resources Co, and covers 9000 tonnes per annum for five years.

Sheffield now has more than 60% of stage one forecast revenue contracted under binding offtake agreement, covering 93% of premium zircon product and 100% of the zircon concentrate product.

Negotiations for offtake agreements for ilmenite products are said to be "on track".

Sheffield is going through Native Title and environmental permitting processes, both of which it aims to have completed in the near-term.

Last year it executed a US$200 million debt financing mandate with Taurus Mining Finance Fund, with due diligence...