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The latest announcement is out from Sheffield Resources Limited ( (AU:SFX) ).
Sheffield Resources has announced that Sheng Feng (Hong Kong) Co., Ltd, a related party of joint-venture partner Yansteel, will assume all rights and obligations under the existing Production Linked Loan Note Facility previously held by Orion, with no change to the facility’s terms, no impact on the financial position of Kimberley Mineral Sands, and no implications for securities issuance, control or shareholder dilution. Following this novation, Kimberley Mineral Sands and its sponsors, Sheffield and Yansteel, are continuing debt restructuring negotiations with senior secured lenders NAIF and Sheng Feng, aiming to conclude talks by 31 March 2026, a process that could influence the capital structure and financing flexibility of the Thunderbird Mineral Sands Mine, although there is no certainty that amended loan terms will be achieved.
The most recent analyst rating on (AU:SFX) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Sheffield Resources Limited stock, see the AU:SFX Stock Forecast page.
More about Sheffield Resources Limited
Sheffield Resources Limited is an Australian mineral sands company focused on assembling a global portfolio of development and production assets to generate cash returns and growth. Its core holding is a 50% stake in Kimberley Mineral Sands Pty Ltd, owner and operator of the Thunderbird Mineral Sands Mine in north‑west Western Australia, one of the largest and highest-grade mineral sands discoveries of recent decades, producing zircon and ilmenite concentrates. Sheffield also holds an option to acquire up to an initial 20% interest in the South Atlantic Mineral Sands Project in Brazil and owns 10% of Capital Metals Plc, which is advancing the Taprobane Mineral Sands Project in Sri Lanka.
YTD Price Performance: 29.41%
Average Trading Volume: 593,293
Technical Sentiment Signal: Sell
Current Market Cap: A$34.81M
For detailed information about SFX stock, go to TipRanks’ Stock Analysis page.