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Sheffield Resources Limited (ASX:SFX)
ALERT: Price-sensitive ASX Announcement for SFX
Current share price for SFX : $0.045 0.015 (50%)+
Announcement
Release
26 May 2026 8:16AM
Price at Release
$0.030
Full Release
Summary
Sheffield Resources Limited, as part of its 50% joint venture entity Kimberley Mineral Sands Pty Ltd (KMS), provides an operational update regarding the Thunderbird Mineral Sands Mine located in Western Australia. The company announces a strategic shift in its ore mining operations by separating the operation of the Dry Mining Unit (DMU) from ore mining activities. This involves terminating the current ore mining contractor's agreement and leasing the DMU on a dry hire basis from Sheng Feng, a subsidiary of Yansteel. KMS aims to improve ore production and reduce ore mining costs by at least $10 million annually through enhanced reliability of DMU and dozer fleet. These changes are expected to take effect with a new waste mining contractor taking over ore mining operations from 29 May 2026.
Key Points
- Sheffield Resources Limited provides Thunderbird operations update.
- KMS separates Dry Mining Unit operation from ore mining.
- Current ore mining contractor's agreement terminated.
- Yansteel's subsidiary Sheng Feng acquires and leases DMU.
- KMS aims to reduce ore mining costs by $10 million annually.
- New contractor to take over ore mining from 29 May 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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