Sheffield Resources announced that Western Australia’s Department of Mines, Industry, Regulation and Safety has granted the Mining Lease for the Thunderbird Mineral Sands Project (Thunderbird) in northern Western Australia.
Sheffield Resources Managing Director, Bruce McFadzean, said that the granting of the Mining Lease achieves a key milestone allowing the Company to commence preparations for construction.
“This is a really terrific result for shareholders and our regional stakeholders,” McFadzean said. “Thunderbird has a mine life of more than 40 years and this milestone enables us to deliver on our commitments to Traditional Owners and local communities.”
The granting of the Mining Lease leaves the Federal environmental approval as the final key permitting hurdle for Thunderbird which is expected this month.
It also follows the announcement last week of A$95 million long term debt facility to support the development of Thunderbird infrastructure.
Source: Company Press Release