CONTENTS FINANCIAL STATEMENTS YEAR IN REVIEW DIRECTORS’ REPORT CORPORATE DIRECTORY SHAREHOLDER INFORMATION The Directors present their report on Sheffield Resources Limited (Sheffield, parent entity or the Company) and its controlled entities (collectively known as the Group or consolidated entity) for the year ended 30 June 2023. Principal activities The principal activities during the year were mineral sands evaluation and development in Australia and mineral sands evaluation in Brazil. Directors and Company Secretary Please refer to pages 10 to 11. Directors’ meetings The number of meetings held and attended by each Director during the year are as follows: Directors’ Meetings Audit & Risk Committee Remuneration & Nomination Committee Held Attended Held Attended Held Attended B Griffin 10 10 - - - - J Richards 10 10 2 2 4 4 I Macliver 10 10 2 2 4 4 G Cowe1 10 10 2 2 1 1 V Kickett2 10 10 - - 2 2 Note 1: Mr Cowe retired as member of Remuneration & Nomination Committee on 14 September 2022. Note 2: Mrs Kickett appointed member of Remuneration & Nomination Committee on 14 September 2022. Options Total unlisted options on issue at the date of this report are as follows: Date of expiry Grant date Exercise price Number under options 30 November 2023 19 November 2019 $0.65 960,000 30 November 2025 25 November 2021 $0.65 480,000 30 October 2026 25 November 2021 $0.33 700,000 30 November 2026 22 November 2022 $0.84 480,000 1 December 2027 22 November 2022 $0.59 421,271 3,041,271 Performance rights Total unlisted performance rights on issue at the date of this report are as follows: Date of expiry Grant date Exercise price Number under rights 26 October 2025 6 November 2018 Nil 32,257 1 December 2025 22 December 2018 Nil 750,999 30 October 2026 25 November 2021 Nil 67,273 30 October 2026 25 November 2021 Nil 3,318,182 1 December 2027 22 November 2022 Nil 119,023 4,287,734 Directors’ Report 17 Sheffield Resources Limited Annual Report 2023
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