Sheffield Resources – Investor Presentation – July 2024

Presentation Highlights:

• Sheffield Resources Limited (ASX: SFX) is actively building a diverse portfolio of mineral sands development and production assets worldwide. Their core focus includes the Thunderbird Mineral Sands Mine in Australia, which boasts the world’s largest high-grade zircon reserve, and a significant exploration project in the South Atlantic region of Brazil.
• The Thunderbird Mine, a 50/50 joint venture with Yansteel, is progressing well with Stage 1 nearing its nameplate mining capacity of 10 to 12 million tons per annum. Positive operating cash flow is anticipated starting in September 2024. Stage 2 of the project, planned for post-2026, aims to double mining capacity, increase final product output by 50%, and extend the mine’s life from 33 to 36 years, all from existing reserves, highlighting the project’s robust potential and low-risk profile.
• In the South Atlantic region of Brazil, Sheffield Resources has committed US$2.5 million for an option to acquire a 20% interest in a promising project by investing an additional US$12.5 million. The project, located in Rio Grande do Sul, has an exploration target of 500 to 720 million tons at 3.2 to 4.0% heavy minerals. A 10,000-meter drilling campaign began in early 2024, and a Pre-Feasibility Study (PFS) is expected by Q3 2024, indicating a strong potential for future growth and development in the region.