Australia's Sheffield Resources climbs after awarding mining services contract

Sheffield Resources

03/10/2022 02:01

** Shares of mineral explorer Sheffield Resources  SFX.AX 
rise as much as 6.3% to A$0.425, set to mark their best day
since Aug 26 if gains hold
    ** Co says it awarded a nine-year mining services contract
to Piacentini & Son to undertake mining activities, and excavate
and deliver ore from the Thunderbird Mineral Sands project in
Western Australia  urn:newsml:reuters.com:*:nASX4jvpsV
    ** Says it also secured a $110 million production-linked
facility for the project 
    ** Stock hits highest level since Sept 27 
    ** SFX up ~9.6% this year, as of last close
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))