The bulk shipment in question at Broome port. Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Global mineral sands producer Sheffield Resources (ASX:SFX) has announced that Kimberley Mineral Sands has completed its inaugural bulk shipment of 10,000 metric tonnes of non-magnetic (zircon) concentrate from its Thunderbird Mineral Sands Mine located in Western Australia.

The shipment which included an additional 1,100 metric tonnes of bagged zircon concentrate, departed from the Port of Broome and is en route to an established off-take customer.

“We are extremely pleased by this landmark bulk shipment achievement and the continued progress and ramp up of the Thunderbird Mine,” Sheffield Resources Executive Chair Mr Bruce Griffin said.

“We wish to thank our logistics partners and local Kimberley port authorities in securing this first bulk shipment from the Port of Broome… we look forward to continued growth in production and product shipments throughout 2024”.

The Thunderbird Mineral Sands project is one of the largest and highest-grade mineral sands discoveries in the past 30 years.

Subsequent bulk shipments, consisting of zircon, magnetic (ilmenite) concentrate, and paramagnetic (leucoxene) products, are scheduled for the forthcoming weeks as Thunderbird moves towards reaching its nameplate capacity.

Thunderbird’s production ramp-up and shipping endeavours will be updated in the company’s March 2024 quarterly report.

SFX last traded at 54c, at 11am AEDT.

SFX by the numbers
More From The Market Online

Week 17 Wrap: BHP-Anglo deal helps push down ASX; US data of concern but AI bulls happy

The big thematics and headlines that drove the ASX this week, plus, the headlines I think…
The Market Online Video

Market Close: ASX signs off on a sigh with all sectors red-lining

The ASX200 finished 1.3 per cent down with every sector in the red and Industrials and Real Estate brittle and bruised as bot…
The Market Online Video

Market Update: ASX on red alert with all sectors below the surface

The ASX200 is trading down around 1.1% with all eleven sectors in the red. Real-estate has…

ResMed spikes on robust results and global growth spurt

ResMed shares have climbed following the release of the company's strong Third Quarter FY2024 results.