Sheffield Resources (ASX: $SFX) Quarterly Activities Report Overview

Sheffield Resources Limited (ASX: $SFX) has released its Quarterly Activities Report for the period ended 30 June 2024. The report highlights improved Thunderbird mine production, sustained ore mining expectations, and completion of the PFS for the South Atlantic Project and Mineral Resource estimate during the September quarter. The company's Executive Chair, Mr Bruce Griffin, expressed optimism for sustained positive operating cash flow from the September 2024 quarter onwards.

Executive Commentary on Thunderbird Mine Performance

Mr Bruce Griffin, Executive Chair of Sheffield Resources, stated, 'Thunderbird mine performance improved month on month throughout the June quarter and is now close to nameplate. The June quarter performance provides a solid platform for sustained positive operating cash flow expected from the September 2024 quarter onwards.'

Summary of Quarterly Activities Report and Outlook

Sheffield Resources' Quarterly Activities Report showcases improved Thunderbird mine production and sustained ore mining expectations. The completion of the PFS for the South Atlantic Project and Mineral Resource estimate during the September quarter indicates progress in the company's expansion efforts. The report also highlights strong health, safety, and environmental performance at Thunderbird, with zero lost time incidents achieved to date. Sheffield Resources aims for sustained positive operating cash flow from the September 2024 quarter onwards, reflecting confidence in its operational trajectory and future prospects.