8 Sheffield Resources Limited Annual Report 2025 Review of Operations KMS Environmental Regulation KMS is subject to various environmental regulations in respect to its exploration, development and production activities. In the course of its normal mining and exploration activities, KMS adheres to all environmental regulations imposed upon it by the relevant regulatory authorities, particularly those regulations relating to ground disturbance and the protection of rare and endangered flora and fauna. KMS Greenhouse Gas and Energy Data Reporting Requirements KMS has considered compliance with the National Greenhouse and Energy Reporting Act (NGER), 2007 (Cth) which requires entities to report annual greenhouse gas emissions and energy use in Australia. For the measurement period, the first report under Division 3 of Part 2 of the NGER was submitted to the Clean Energy Regulator during October 2024. External Factors and Risks Affecting the Company’s Results Sheffield operates in an uncertain economic environment, but these uncertainties are minimised through the application of a rigorous risk management framework and clearly defined risk appetite, defined by the Board. Consequently, the Board and management monitor these uncertainties and, where possible, mitigate the associated risk of adverse outcomes. The following external factors are all capable of having a material adverse effect on the Sheffield business and may affect the prospects of business units, including the Thunderbird mine, for future financial years. Exposure to Economic, Environment and Social Risks Sheffield has material exposure to economic, environmental and social risks, including changes in community expectations, and environmental, social and KMS Outlook Looking ahead to the 2026 financial year, the focus for KMS and Thunderbird will be in the following areas: – initiatives to increase production and shipping, reduce debt, and implement operational improvements and efficiencies at Thunderbird; – delivering value to shareholders and both economic and social benefits to our Traditional Owners and the West Kimberley through disciplined financial management, operational efficiency, and continued investment in our people, infrastructure and local community; and – strong financial management transitioning into a sustainable business generating cash flows for shareholders. Port of Broome - vessel loading operations
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