As announced on 9 March 2015, Centrex Metals Limited has agreed to purchase the tenements that comprise the Oxl ey Potash Project for a cash consideration of $2.5m.
On completion, Sheffield will have a strong cash position of $6.5m. These funds will be applied principally to advance the world class Thunderbird mineral sands and Fraser Range nickel projects.
Sheffield is pleased to advise shareholders that the Thunderbird prefeasibility study is nearing completion with results expected to be released next week.
