CONTENTS FINANCIAL STATEMENTS YEAR IN REVIEW DIRECTORS’ REPORT CORPORATE DIRECTORY SHAREHOLDER INFORMATION Share Options – 2025 Financial Year Movement The table below outlines the movement of the Share Options held by each Senior Executive KMP during the 2025 financial year: Name Opening Balance Granted Lapsed1 Exercised Closing Balance Vested & exercisable B Griffin 881,483 – (252,363) – 629,120 – M Di Silvio 705,303 – (233,437) – 471,866 – 1,586,786 – (485,800) – 1,100,986 – Note 1: Relates to Share Options granted in the 2022 financial year. The grant of Share Options to Senior Executive KMPs described in the above table are aligned with relative Compound Annual Growth Rate (CAGR) share price performance compared to the S&P/ASX300 Materials Index, spanning a three year period. Performance Rights – 2025 Financial Year Movement The table below outlines the movement of the Performance Rights held by each Senior Executive KMP during the 2025 financial year: Name Opening Balance Granted Lapsed Exercised Closing Balance Vested & exercisable B Griffin1 1,820,188 2,539,063 (185,145) (1,635,043) 2,539,063 – M Di Silvio 2,421,398 1,365,820 (128,046) – 3,659,172 2,293,352 4,241,586 3,904,883 (313,191) (1,635,043) 6,198,235 2,293,352 Detail relating to the Performance Rights: 919,805 Performance Rights were granted to Senior Executive KMPs, in the form of Short Term Incentives for the 2025 financial year. 2,985,078 Performance Rights were granted to Senior Executive KMPs during the year in the form of Long Term Incentives, with the performance period commencing on 1 July 2024 and ending on 30 June 2027. 49,602 Short Term Incentive Performance Rights vested in favour of Senior Executive KMPs, following the measurement of the 2024 financial year performance outcomes. Of this amount, 30,588 Performance Rights were exercised, with a further 19,014 made available for exercise. 3,253,478 Long Term Incentive Performance Rights vested in favour of Senior Executive KMPs, following the measurement of the 2024 financial year performance outcomes, primarily in relation to the successful commissioning and construction of the Thunderbird Mineral Sands Mine. Of this amount, 1,604,455 Performance Rights were exercised, with a further 1,649,023 made available for exercise. SECTON 7: NON-EXECUTIVE DIRECTORS’ REMUNERATION The structure of Non-Executive Director and Senior Executive KMP remuneration is separate and distinct. Shareholders approve the aggregate or total fees payable to Non-Executive Directors, with the current approved limit being $600,000 (excluding share-based payments). The fees paid to Non-Executive Directors are set at levels that reflect both the responsibilities of, and the time commitments required from each Non-Executive Director to discharge their duties and are not linked to the performance of the Company. All Non-Executive Directors have their indemnity insurance paid by the Company. Non-Executive Directors receive fixed remuneration consisting of a base fee and any applicable statutory superannuation contributions as set out below: 2025 $ 2024 $ Base fees, including statutory superannuation Lead Independent Non-Executive Director 111,500 111,000 Other Non-Executive Directors 89,200 88,800 29 Sheffield Resources Limited Annual Report 2025
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