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Sheffield Resources Limited ( (AU:SFX) ) has provided an update.
Sheffield Resources has updated the market on the financing position of the Thunderbird Mineral Sands Mine in Western Australia, operated through its 50:50 joint venture Kimberley Mineral Sands with Yansteel. The project’s primary lenders, Orion Resource Partners and the Northern Australia Infrastructure Facility, have agreed to waive and defer the December 2025 interest and principal repayments and related covenants under the senior secured loan facilities, providing near‑term relief but underscoring ongoing financial pressures. While discussions on a broader project finance restructure continue, Sheffield cautioned there is no assurance of a successful outcome or that Kimberley Mineral Sands will secure sufficient shareholder funding to meet working capital needs, leaving operational and financial uncertainty for the project and its stakeholders; the company pledged to keep investors informed of material developments.
The most recent analyst rating on (AU:SFX) stock is a Hold with a A$0.11 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 ASX-listed mineral sands company focused on assembling a portfolio of global development and production assets to generate cash returns and growth. Its core holding is a 50% interest in Kimberley Mineral Sands Pty Ltd, owner and operator of the Thunderbird Mineral Sands Mine in north‑west Western Australia, producing zircon and ilmenite concentrates for pigment and titanium slag markets. Sheffield also holds an option to acquire up to 20% of the South Atlantic Mineral Sands Project in Brazil, with potential to increase to 80%, and owns 10% of Capital Metals Plc, which is developing the Taprobane Mineral Sands Project in Sri Lanka.
YTD Price Performance: -53.55%
Average Trading Volume: 531,005
Technical Sentiment Signal: Sell
Current Market Cap: A$28.87M
Find detailed analytics on SFX stock on TipRanks’ Stock Analysis page.