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Sheffield Resources Limited is a new junior exploration company with a bulk minerals focus. Sheffield provides investors with an exposure to the following commodities: Talc, Heavy Mineral Sands, Iron and Tungsten.
Image Resources NL (ASX:IMA) is pleased to provide a Mineral Resources update on seven of the eight projects associated with the Company s recent strategic acquisition of a package of tenements located in the historic Eneabba mineral sands mining district.
Image Resources NL (ASX:IMA) is pleased to advise it has entered into a binding conditional asset sale and purchase agreement with Sheffield Resources Ltd to acquire a strategic package of mineral sands tenements in the historic Eneabba mining district located 275km north of Perth in Western Australia.
Sheffield (ASX:SFX) share price whizzes 34% higher, hitting 52-week-high
Aaron Teboneras | December 15, 2020 5:49pm |
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Sheffield Resources Ltd(ASX: SFX) share price whizzed higher today, hitting a 52-week high of 48 cents in mid-afternoon trade before retreating. This comes after the Foreign Investment Review Board (FIRB) gave the nod for an investment by its proposed joint venture partner,
YGH Australia Investment Pty Ltd.
At close of trade today, the Sheffield share price was swapping hands for 39 cents, up 21.87%.
What’s driving the Sheffield share price up today?
In today’s release, Sheffield advised that FIRB has cleared the pathway for Yansteel to invest $130.1 million in a 50% stake of the Thunderbird Mineral Sands project. The favourable outcome will see Sheffield and Yansteel become equal strategic partners.