Sheffield to spin-out gold and base metal assets

Mineral sands developer Sheffield Resources has announced plans to demerge its gold and base metals assets into an ASX-listed company. The assets, which are currently held by subsidiary Carawine Resources, include the Jamieson gold-copper-silver-zinc project, in Victoria, and the Oakover and Paterson copper-cobalt projects, in Western Australia, as well as the Fraser Range nickel-copper-cobalt project, in the same state.