Sheffield Resources Limited ( (AU:SFX) ) has shared an update.
Sheffield Resources Limited reported a successful quarter for its Thunderbird Mineral Sands Mine, achieving a milestone of one million operating hours without lost time injuries and generating a positive operating cash flow of $32 million. The company recorded a significant increase in product shipments, with 226,940 metric tonnes shipped, including 82,199 tonnes of zircon concentrate. The company plans to ramp up production to meet future targets, aiming for substantial increases in ilmenite and zircon concentrate production by Q1 FY27, which is expected to enhance its market position and operational capabilities.
More about Sheffield Resources Limited
Sheffield Resources Limited is involved in the mineral sands industry, focusing on the production and sale of zircon and ilmenite concentrates. The company’s primary operations are centered around the Thunderbird Mineral Sands Mine in the Kimberley region of Western Australia.
Technical Sentiment Signal: Buy
Current Market Cap: $45.4M
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