Investor Presentation – October 2024

Presentation Highlights:

• Sheffield Resources Ltd. (ASX: SFX) is building a portfolio of global mineral sands assets aimed at long-term cash generation and growth. Its core asset, the Thunderbird Mineral Sands Mine (50% interest), has entered production phase, with Thunderbird Stage 2 expected to add an incremental NPV8 of AUD 548M (USD 362M), supported by additional mineralization zones across a 120 km trend.
• The South Atlantic Option in Brazil presents a significant exploration target ranging between 500-720 million tons at 3.2-4.0% heavy mineral content, including sulfate ilmenite and zircon. An option agreement has allocated AUD 2.5M (USD 1.65M) of a planned AUD 4 million (USD 2.65M) investment to advance de-risking activities in this region.
• Sheffield is also leveraging its mineral sands and funding expertise to unlock value from advanced mineral sands projects, including a 10% stake in Capital Metals (AIM: CMET), which owns the Eastern Mineral Sands Project in Sri Lanka. Additionally, with record quarterly ore mining of 2.6 million tons and a prepayment of AUD 21.8M (USD 14.2M) from Yansteel Group, Sheffield is well-positioned to support near-term liquidity and project advancement.