CONTENTS FINANCIAL STATEMENTS YEAR IN REVIEW DIRECTORS’ REPORT CORPORATE DIRECTORY SHAREHOLDER INFORMATION 21. Key management personnel The Key Management Personnel of the Group are as follows: Name Position Non-Executive Directors John Richards Lead Independent Director Ian Macliver Non-Executive Director Gordon Cowe Non-Executive Director Vanessa Kickett Non-Executive Director Senior Executive KMPs Bruce Griffin Executive Chair Mark Di Silvio Chief Financial Officer and Company Secretary The aggregate compensation made to the Key Management Personnel of the Group is as follows: 2025 $ 2024 $ Short-term employee benefits and incentives 1,367,782 1,484,468 Post-employment benefits 68,100 53,900 Share-based payments expenses 482,936 707,207 1,918,818 2,245,575 Other key management personnel transactions with the company There were no other Key Management Personnel transactions with the Company other than the fees paid to Farview Solutions Limited and Ozscot Trust as detailed in Note 20. Loans to key management personnel No loans were granted to Key Management Personnel during the year. 22. Commitments Kimberley Mineral Sands Pty Ltd Joint Venture Kimberley Mineral Sands Pty Ltd (KMS) became jointly owned by Sheffield and YGH Australia Investment Pty Ltd (Yansteel) as at 12 March 2021. The Thunderbird mineral sands project (Thunderbird) was previously held by Sheffield through its 100% owned subsidiary KMS prior to the formation of the joint venture. The project is located in north-west Western Australia. Sheffield’s interest in KMS is accounted for using the equity method in the financial statements. KMS reported exploration commitments of $1.7m for 2025 (2024: $1.7m). KMS also has no contingent liabilities as at 30 June 2025 (2024: nil). 23. Contingent liabilities The Group has no other contingent liabilities as at 30 June 2025 (2024: nil). 24. Events subsequent to reporting period There has been no matter or circumstance that has arisen after balance date that has significantly affected, or may significantly affect, the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial periods. 71 Sheffield Resources Limited Annual Report 2025
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