Sheffield Resources Provides Update on Thunderbird Financing Discussions
Sheffield Resources Limited (ASX: SFX) released an update to the market addressing the current status of the senior secured financing arrangements associated with the Thunderbird Mineral Sands operation in Western Australia, which is held through Kimberley Mineral Sands (KMS). The company stated that discussions are ongoing with KMS’s key lenders, Orion Resource Partners and the Northern Australia Infrastructure Facility, as part of efforts to review and potentially amend the project’s funding framework.
Sheffield, together with joint venture partner Yansteel, continues to provide guarantees under the existing senior debt facilities. During these negotiations, KMS has secured agreement from Orion and NAIF for a waiver and deferral arrangement relating to the principal and interest payments originally due in December 2025, as well as short-term flexibility around certain financial covenant requirements. Although engagement with financiers remains positive, Sheffield cautioned that there is no assurance a comprehensive refinancing outcome will be achieved, nor certainty that KMS will obtain adequate shareholder funding to cover near-term liquidity requirements. The company confirmed it will keep the market informed of any material changes affecting KMS or the Thunderbird project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Sheffield Resources Provides Update on Thunderbird Financing Discussions
Sheffield Resources Limited (ASX: SFX) released an update to the market addressing the current status of the senior secured financing arrangements associated with the Thunderbird Mineral Sands operation in Western Australia, which is held through Kimberley Mineral Sands (KMS). The company stated that discussions are ongoing with KMS’s key lenders, Orion Resource Partners and the Northern Australia Infrastructure Facility, as part of efforts to review and potentially amend the project’s funding framework.
Sheffield, together with joint venture partner Yansteel, continues to provide guarantees under the existing senior debt facilities. During these negotiations, KMS has secured agreement from Orion and NAIF for a waiver and deferral arrangement relating to the principal and interest payments originally due in December 2025, as well as short-term flexibility around certain financial covenant requirements. Although engagement with financiers remains positive, Sheffield cautioned that there is no assurance a comprehensive refinancing outcome will be achieved, nor certainty that KMS will obtain adequate shareholder funding to cover near-term liquidity requirements. The company confirmed it will keep the market informed of any material changes affecting KMS or the Thunderbird project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au