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Sheffield Resources Limited ( (AU:SFX) ) has issued an update.
Sheffield Resources Limited announced an increase in zircon sales guidance for the March 2025 quarter, with expected shipments of 55,000 to 70,000 tonnes, surpassing the previous forecast. Despite a temporary suspension of operations due to Cyclone Zelia, the company maintains its production estimates and continues shipments unaffected. Efforts are underway to enhance productivity and cost efficiency at the Thunderbird Mineral Sands Mine, with the appointment of a new waste mining contractor and ongoing development of mining and processing plans.
More about Sheffield Resources Limited
Sheffield Resources Limited is focused on developing a portfolio of global mineral sands assets to generate cash returns and growth. Their core asset is a 50% investment in Kimberley Mineral Sands Pty Ltd (KMS), which operates the Thunderbird Mineral Sands Mine in Western Australia. The company also holds interests in the South Atlantic Mineral Sands Project in Brazil and the Taprobane Mineral Sands Project in Sri Lanka.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $42.61M
For an in-depth examination of SFX stock, go to TipRanks’ Stock Analysis page.
