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Sheffield Resources Limited (ASX:SFX)

ALERT: Price-sensitive ASX Announcement for SFX
Current share price for SFX : $0.044 0.013 (41.94%)+
Release
20 May 2026 8:21AM
Price at Release
$0.031
Full Release
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Summary
Sheffield Resources Limited announced an update on the Thunderbird Senior Loan Facility, with Kimberley Mineral Sands (KMS) making arrangements with Sheng Feng (Hong Kong) Co. Ltd to amend their loan facility to include an additional tranche of US$10,147,500 for general working capital, with repayment by the end of 2026. Discussions on restructuring debt obligations continue, and Sheffield remains a sponsor and guarantor of the loan facilities, ensuring ongoing communication with the market regarding the Thunderbird Mineral Sands Mine.
Key Points
  • Sheffield Resources Limited provides an update on the Thunderbird Senior Loan Facility.
  • The Kimberley Mineral Sands (KMS) owns the Thunderbird Mineral Sands Mine in Western Australia.
  • Sheng Feng (Hong Kong) Co. Ltd acquired the Production Linked Loan Note Facility from Orion.
  • KMS and Sheng Feng agreed to amend the Facility to include an additional tranche of up to US$10,147,500.
  • The funds are for KMS general working capital requirements and must be repaid by 31 December 2026.
  • KMS can repay the funds by delivering an equivalent amount of product to Sheng Feng.
  • Discussions on resculpting KMS debt obligations with Sheng Feng and NAIF are ongoing.
  • Sheffield and YGH Australia Investment Pty Ltd remain sponsors and guarantors for the loan facilities.
  • Sheffield continues to update the market on Thunderbird Mineral Sands Mine's developments.
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.