Jan 6 (Reuters) - Sheffield Resources Ltd SFX.AX :
* CO AND YANSTEEL EXECUTE BINDING DEFINITIVE DOCUMENTS TO FORM 50:50 JV ON THUNDERBIRD MINERAL SANDS PROJECT
* FORMATION OF JV INCLUDES PAYMENT OF A$130.1 MILLION BY YANSTEEL TO ACQUIRE 50% OF PROJECT
* EXPECTED FINAL INVESTMENT DECISION ON PROJECT DURING 2021
* CO & TAURUS FUNDS MANAGEMENT TO TERMINATE EXISTING FINANCING AGREEMENTS; TO WORK WITH JV TOWARDS NEW FINANCING AGREEMENTS