Sheffield Thunderbird project shipped as bulk carrier for the first time

(KMS)The first batch of approximately 10,000 tons of nonmagnetic zirconium middlings transported from the Thunderbird Mineral Sands Mine in Western Australia has been completed. The shipment also includes an additional 1100 metric tons of bagged non-magnetic zirconium middlings that have left the Port of Broome and will be delivered to existing off-take customers. As Thunderbird continues to increase production capacity, more batch shipments of non-magnetic (zirconium middlings), magnetic (ilmenite) concentrates and paramagnetic (leucodyite) products are expected in the coming weeks. Further details on the increase in Thunderbird production and continued progress in shipments will be disclosed in the Company's March 2024 quarterly report.