InvestSMART

Sheffield Resources Limited (ASX:SFX)

ALERT: Price-sensitive ASX Announcement for SFX
Current share price for SFX : $0.050 -0.018 (-26.47%)+
Announcement
Release
19 Dec 2025 10:12AM
Price at Release
$0.068
Full Release
download
Summary
Sheffield Resources Limited has provided an update on the Thunderbird Senior Loan Facilities related to the Thunderbird Mineral Sands Mine in Western Australia, operated by the Kimberley Mineral Sands (KMS) joint venture. Sheffield and Yansteel are guarantors for the senior secured loan facilities with Orion Resource Partners and the Northern Australia Infrastructure Facility (NAIF). An agreement has been reached with these lenders for a waiver and deferral of December 2025 interest and principal repayments. Although discussions are ongoing, there is no assurance of a successful outcome or that KMS will secure necessary shareholder funding for working capital. Sheffield will maintain transparency about the development of its business operations and the Thunderbird project.
Key Points
  • Update on Thunderbird Senior Loan Facilities
  • Sheffield and Yansteel are guarantors for loans with Orion and NAIF
  • Agreement on waiver and deferral of December 2025 repayment obligations
  • Uncertainty about outcome and securing necessary shareholder funds
  • Sheffield to keep market informed on KMS operations and Thunderbird project
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.