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An update from Sheffield Resources Limited ( (AU:SFX) ) is now available.
Sheffield Resources Limited announced a maiden Mineral Resource estimate of 771 million tonnes at 3.0% total heavy mineral for its South Atlantic Project in Brazil, marking a significant milestone for the company. The approval of the Installation Licence for Central Retiro allows Rio Grande Mineração, a partner in the project, to advance towards obtaining a Mining Decree, which is expected to enhance the project’s development and potentially improve Sheffield’s industry positioning.
The most recent analyst rating on (AU:SFX) stock is a Buy with a A$0.68 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 involved in the exploration and development of mineral resources. The company focuses on projects that contain heavy minerals, with a significant market presence in Brazil through its South Atlantic Project.
YTD Price Performance: -9.68%
Average Trading Volume: 173,108
Technical Sentiment Signal: Sell
Current Market Cap: A$61.19M
See more insights into SFX stock on TipRanks’ Stock Analysis page.