Thunderbird Update

Release Highlights:

• Sheffield Resources Ltd. (ASX: SFX) is pleased to announce consistent production at the Thunderbird Mineral Sands Mine, with ilmenite and zircon concentrate production and shipments expected to meet targets for the December 2024 quarter.
• Since being implemented in October 2024, the Business Improvement Initiative has identified cost-saving measures, including a 20% KMS workforce reduction and operational changes aimed at improving productivity and efficiency in overburden removal and ore processing.
• Sheffield Resources is transitioning waste mining operations to more efficient methods and continues to explore ways to optimize throughput at the process plant, with updates expected in the December Quarterly Report or earlier if significant developments occur.