Sheffield Resources Quarterly Activities Report Q1 2024

Report Highlights:

• Production from the Thunderbird Mineral Sands Mine in the Kimberley region of Western Australia progressed during the quarter with ore mined totaling 1.1Mt and concentrate production of 101,716 dry metric tonnes.
• A Pre-Feasibility Study (PFS) for the South Atlantic Project in Rio Grande do Sul Coastal Plain is currently underway via experienced engineering and mineral sands consultancy Hatch, which will include relevant development options for the Project.
• During the quarter, Sheffield announced it has entered into a share subscription agreement with Capital Metals Plc (AIM: CMET), the owner of the Eastern Minerals Project in Sri Lanka, with Sheffield acquiring a 10% interest in CMET.