Sheffield Resources Receives Minister’s Favourable Determination

THE BOURSE WHISPERER: Sheffield Resources (ASX: SFX) received the nod from the Western Australia Minister for the Environment for the company’s Thunderbird Mineral Sands project.

Sheffield Resources received the favourable determination after the Minister considered appeals to the Environmental Protection Authority (EPA) recommendations published in October 2017.

The Minister dismissed all appeals on the Works Approval and the majority of appeals on the EPA Report.

Sheffield said it was comfortable with the proposed minor changes to conditions.

“This is a great outcome for our shareholders, the local Kimberley communities and is another significant step towards the development of Thunderbird,” Sheffield Resources managing director Bruce McFadzean said in the company’s announcement to the Australian Securities Exchange.

“We look forward to finalising the State consultation process over the coming weeks before concluding the Federal environmental approval which is expected in early Q3 2018.”