5 Sheffield Resources Limited Annual Report 2025 CONTENTS FINANCIAL STATEMENTS YEAR IN REVIEW DIRECTORS’ REPORT CORPORATE DIRECTORY SHAREHOLDER INFORMATION Thunderbird Mine – seedling and plant nursery Health and Safety A strong safe working culture for all employees and contractors is essential within the KMS operating environment. Reflecting the robust safety culture, the restricted work injury frequency rate as at the end of June 2025 was 1.32, with one lost time injuries occurring during the reporting period. KMS safety performance metrics for the Thunderbird mine are outlined below: Environmental, Social and Governance (ESG) Minimising environmental impacts is integral to the long-term success of Kimberley Mineral Sands, and all activities are undertaken in a considered and measured approach, spanning Thunderbird’s active mine life and beyond. With climate reporting mandates for Australian companies having commenced on 1 January 2025, KMS is focused on ensuring that it meets the disclosure requirements relative to the Australian Sustainability Reporting Standards (ASRS) and Australian Accounting Standards Board (AASB S2) climate related disclosure standard anticipated to be required in the 2027 financial year. The first report under Division 3 of Part 2 of the National Greenhouse and Energy Response Reporting Act (NGER), 2007 was submitted to the Clean Energy Regulator (CER) in October 2024. The Commonwealth Government’s Net Zero Plan will guide Australia’s transition to the legislated target of reducing emissions by 43% by 2030 and achieving net zero greenhouse gas emissions by 2050. KMS is adopting the Science Based Targets Initiative (SBTi), the world’s only science backed framework for corporate net zero target setting. This SBTi provides near-term and long-term emissions reduction targets, validated against the latest climate science. The draft Net Zero Strategy has been progressed in the current reporting period, in preparation for adoption during the 2026 financial year. Reductions in Scope 1 and 2 emissions will be prioritised through increased operational efficiency and guided by frameworks from the Clean Energy Finance Corporation (CEFC) and Minerals Research Institute of WA (MRIWA). 754,975 Operations Hours Worked Restricted Work Injury Frequency Rate 1.32
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