SFX 3.45% 30.0¢ sheffield resources limited

From Bridge Street:South Atlantic Mineral Sands Project, Rio...

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    From Bridge Street:

    South Atlantic Mineral Sands Project, Rio Grande do Sul region in Brazil:

    Sheffield executed an Option Agreement to advance up to US$2.5m by way of unsecured loan, to progress agreed activities over 18-month periodOption to acquire 20% project interest after 18 months, following completion of activities and provision of US$15m (includes initial US$2.5m contribution)
    Four continuous deposits spanning 80km dune and beach sand region
    Exploration Target ranging between 500 to 720Mt @ 3.2 – 4.0%HM
    Board & Management are highly experienced in the Company’s commodity mix and have significant alignment through their shareholdings.

    Last edited by prometheus13: 24/02/23
 
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