SHEFFIELD MANDATES TAURUS FOR US$200M DEBT FACILITY

Written on the 23 October 2017

Sheffield Resources Limited ("Sheffield", "the Company") (ASX: SFX) is pleased to announce the appointment of Taurus Mining Finance Fund and Taurus Mining Finance Annex Fund ("Taurus") as the mandated lead arrangers and underwriters for a US$200 million debt finance facility package ("Facility") to support its development of the Thunderbird Mineral Sands Project ("Thunderbird"), in Western Australia.

Taurus has agreed to arrange and underwrite a US$200M Project Development Facility comprising a US$175M term loan facility and a US$25M contingent instrument facility. Furthermore, a US$10M unsecured Equity Bridge Facility is available at the option of the Company to advance project development activities.

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