Thunderbird Operations Resume

Release Highlights:

• Sheffield Resources Ltd. (ASX: SFX) announced that mining and processing operations at the Thunderbird Mineral Sands Mine in Western Australia have resumed following a temporary suspension due to Cyclone Zelia and confirmed that production forecasts for ilmenite and zircon concentrates remain unchanged for the March 2025 quarter.
• Sheffield Resources holds a 50% stake in Kimberley Mineral Sands, which operates the Thunderbird Mineral Sands Mine, and has strategic investments in the South Atlantic Mineral Sands Project in Brazil and Capital Metals Plc, the owner of the Taprobane Mineral Sands Project in Sri Lanka, as part of its strategy to build a global portfolio of mineral sands assets.
• The company’s joint venture partner Yansteel operates a titanium dioxide processing facility that will consume Thunderbird’s magnetic concentrate under a take-or-pay offtake agreement and the company acknowledges that forward-looking statements in the announcement are subject to change due to market and industry variables.