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Sheffield Resources Limited (ASX:SFX)

ALERT: Price-sensitive ASX Announcement for SFX
Current share price for SFX : $0.045 0.011 (32.35%)+
Announcement
Release
29 Jul 2026 8:17AM
Price at Release
$0.034
Full Release
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Summary
Sheffield Resources Limited reported its quarterly activities for the period ending 30 June 2026, highlighting significant improvements in mining and production operations at the Thunderbird Mineral Sands Mine, which is jointly held with Yansteel. The company recorded an increase in ore mined and concentrate production compared to the previous quarter. This improvement was attributed to higher ore volumes and enhanced plant recoveries, following changes in operational management and recovery plans. Sales of zircon concentrate increased due to improved market conditions, particularly in China, with a reported 8% increase in the price per tonne. Financially, Sheffield ended the quarter with a cash balance of $4.0 million, with net operating cash outflows of $2.3 million. The report also detailed the cash flows from operating and investing activities, highlighting the challenges and strategic decisions taken to maintain financial stability and operational efficiency.
Key Points
  • Ore mined totalled 2.8Mt, 20% above the previous quarter.
  • Quarterly concentrate production increased by 11%.
  • Zircon concentrate prices increased by 8% quarter on quarter.
  • Yansteel assisted KMS with short-term working capital.
  • Ongoing review of senior secured loan facilities.
  • Sheffield’s cash balance was $4.0 million as at 30 June 2026.
  • Net operating cash outflows totaled $2.3 million for the quarter.
  • Ilmenite and zircon concentrate sales continued under offtake agreements.
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.