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Sheffield Resources Limited ( (AU:SFX) ) has provided an announcement.
Sheffield Resources Limited announced a maiden Mineral Resource estimate of 771 million tonnes at 3.0% total heavy mineral (THM) for the South Atlantic Project in Brazil. This development includes the Retiro and Bujuru projects, with a significant portion of the resource being indicated and inferred. Additionally, the company received an Installation Licence for the Central Retiro area, allowing further progress towards a Mining Decree. This advancement strengthens Sheffield’s position in the mineral resources sector and indicates potential growth and development opportunities for stakeholders.
The most recent analyst rating on (AU:SFX) stock is a Buy with a A$0.69 price target. To see the full list of analyst forecasts on Sheffield Resources Limited stock, see the AU:SFX Stock Forecast page.
More about Sheffield Resources Limited
Sheffield Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Their primary projects include the South Atlantic Project in Brazil, which involves the extraction of heavy minerals.
Average Trading Volume: 168,372
Technical Sentiment Signal: Sell
Current Market Cap: A$61.19M
For a thorough assessment of SFX stock, go to TipRanks’ Stock Analysis page.