AUSTRALIA STORIES

Time weighs heavily on Sheffield

They are not short of sand in Western Australia’s Canning Basin ... there’s literally billions of tonnes of the stuff. It’s apparently good quality sand too and there’s evidently plenty more to be found as per Sheffield Resources’ new Night Train discovery. What Sheffield’s short of though is hundreds of millions of the green folding stuff, aka capital.

Thunderbird is a potential multi-decade project, and one able to cope with highs and lows of economic cycles

Thunderbird is a potential multi-decade project, and one able to cope with highs and lows of economic cycles

And it’s set to be an interesting few months for Sheffield, with cash in the operating kitty now estimated to be less than A$3 million. On the one hand the company’s got a project (called Thunderbird)...

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