Notes to the Consolidated Financial Statements for the year ended 30 June 2024 21. Key management personnel The Key Management Personnel of the Group are as follows: Name Position Non-Executive Directors John Richards Lead Independent Director Ian Macliver Non-Executive Director Gordon Cowe Non-Executive Director Vanessa Kickett Non-Executive Director Senior Executive KMPs Bruce Griffin Executive Chair Mark Di Silvio Chief Financial Officer and Company Secretary The aggregate compensation made to the Key Management Personnel of the Group is as follows: 2024 $ 2023 $ Short-term employee benefits and incentives 1,484,468 1,254,428 Post-employment benefits 53,900 52,700 Share-based payments expenses 707,207 830,567 2,245,575 2,137,695 Other key management personnel transactions with the company There were no other Key Management Personnel transactions with the Company other than the fees paid to Farview Solutions Limited and Ozscot Trust as detailed in Note 20. Loans to key management personnel No loans were granted to Key Management Personnel during the year. 22. Commitments Kimberley Mineral Sands Pty Ltd Joint Venture Kimberley Mineral Sands Pty Ltd (KMS) became jointly owned by Sheffield and YGH Australia Investment Pty Ltd (Yansteel) as at 12 March 2021. The Thunderbird mineral sands project (Thunderbird) was previously held by Sheffield through its 100% owned subsidiary KMS prior to the formation of the joint venture. The project is located in north-west Western Australia. Sheffield’s interest in KMS is accounted for using the equity method in the financial statements. Please refer to Note 8 for additional information. KMS reported exploration commitments of $1.7m for 2024 (2023: $1.72m). KMS also has no contingent liabilities as at 30 June 2024 (2023: nil). 23. Contingent liabilities The Group has no other contingent liabilities as at 30 June 2024 (2023: nil). 24. Events subsequent to reporting period There has been no matter or circumstance that has arisen after balance date that has significantly affected, or may significantly affect, the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial periods. 70 Annual Report 2024 Sheffield Resources Limited
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