Sheffield Resources has secured its second offtake agreement for zircon from the Thunderbird mineral sands project in Western Australia.
The agreement, with Indian ceramic raw materials supplier Sukasco Ceracolors Ceramics, is based on a minimum annual supply of 12,000 tonnes of premium zircon.
According to Sheffield, this represents about 24 per cent of the estimated zircon production from stage one of Thunderbird. About 36 per cent of the forecast production at Thunderbird has now been accounted for in offtake agreements.
Sheffield managing director Bruce McFadzean said the agreement continued to demonstrate the high quality premium zircon product that would be generated from Thunderbird over the 42-year life of mine.
“With reference to the earlier signed memorandum of understanding which was signed in April 2017, Sukaso requested additional volume from Thunderbird over the contract period,” McFadzean said.
“We were able to accommodate this, and we are highly encouraged by Sukaso’s commitment to the project.”