3 Sheffield Resources Limited Annual Report 2025 CONTENTS FINANCIAL STATEMENTS YEAR IN REVIEW DIRECTORS’ REPORT CORPORATE DIRECTORY SHAREHOLDER INFORMATION West Kimberley communities, reflecting the commitment to a locally based workforce. Kimberley Mineral Sands employs a workforce comprising 30% Aboriginal employees within its direct workforce with 23% of the workforce represented by female employees. In addition to our investment in Kimberley Mineral Sands, we continued to advance our interest in the South Atlantic Project in Brazil and also made a further investment in Capital Metals Plc (AIM: CMET), the owner of the Taprobane Minerals Project in Sri Lanka. A maiden Mineral Resource estimate of 771Mt @ 3.0% THM (Indicated and Inferred) for 23Mt of contained THM for the combined Retiro and Bujuru projects was completed at the South Atlantic Project. Rio Grande Mineração S/A (RGM) has also been granted an Installation Licence for Central Retiro, part of the greater Retiro deposit, paving the way for RGM to progress a Mining Decree for the initial project area. With the Thunderbird mine continuing to grow production, we expect 2026 will see your Company achieve robust mineral sands production, delivering mineral sands concentrate products to a wide range of customers. I would like to thank my fellow Directors, our employees, the Kimberley Mineral Sands team and their contractors, our joint venture partner Yansteel, along with our financiers NAIF and Orion for their continued efforts and support during a significant year for Sheffield, where we put in place the foundations for strong performance in the years to come. In closing, I sincerely thank Sheffield’s shareholders for your ongoing support as we look forward to growing production at Thunderbird in 2026. Bruce Griffin Executive Chair
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