Sheffield Resources : Diggers & Dealers Presentation

Thunderbird

The Emerging Force in Mineral Sands

Diggers & Dealers - BFS

August 2017

ASX : SFX

PREVIOUSLY REPORTED INFORMATION

This presentation includes information that relates to Exploration Results, Mineral Resources and Ore Reserves prepared and first disclosed under the JORC Code (2012) and a Bankable Feasibility Study. The information was extracted from Sheffield Resources Limited's (ACN 125 811 083 , the "Company" or "Sheffield") previous ASX announcements which are available on Sheffield's web site www.sheffieldresources.com.au as follows:

"QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDED 30 JUNE 2017", 27 July 2017 "SHEFFIELD SIGNS CORNERSTONE ILMENITE MOU" 29 May, 2017

"SHEFFIELD SECURES FURTHER ZIRCON OFFTAKE MOUs" 26 April, 2017 "ADDITIONAL ZIRCON OFFTAKE MOU SIGNED" 10 April, 2017 "SHEFFIELD SIGNS OFFTAKE MOUs" 04 April, 2017

"THUNDERBIRD BFS DELIVERS OUTSTANDING RESULTS" 24 March, 2017

"THUNDERBIRD ORE RESERVE UPDATE" 16 March 2017

"THUNDERBIRD ILMENITE EXCEEDS PREMIUM SPECIFICATION" 13 March 2017

"OUTSTANDING IMPROVEMENTS IN RECOVERIES AND PRODUCT SPECIFICATIONS FROM THUNDERBIRD BFS" 12 October 2016 "SHEFFIELD DOUBLES MEASURED MINERAL RESOURCE AT THUNDERBIRD" 5 July, 2016

These announcements are available to view on Sheffield Resources Ltd's website: www.sheffieldresources.com.au

The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources, Ore Reserves and Bankable Feasibility Study results, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

CAUTIONARY STATEMENTS AND RISK FACTORS

The contents of this presentation reflect various technical and economic conditions at the time of writing. Given the nature of the resources industry, these conditions can change significantly over relatively short periods of time. Consequently, actual results may vary from those contained in this presentation.

Some statements in this presentation regarding estimates or future events are forward-looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward-looking statements include, but are not limited to, statements preceded by words such as "planned", "expected", "projected", "estimated", "may", "scheduled", "intends", "anticipates", "believes", "potential", "predict", "foresee", "proposed", "aim", "target", "opportunity". "could", "nominal", "conceptual" and similar expressions. Forward-looking statements, opinions and estimates included in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions.

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CAUTIONARY STATEMENTS AND RISK FACTORS (Continued)

Forward-looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance. Forward-looking statements may be affected by a range of variables that could cause actual results to differ from estimated results, and may cause the Company's actual performance and financial results in future periods to materially differ from any projections of future performance or results expressed or implied by such forward-looking statements. So there can be no assurance that actual outcomes will not materially differ from these forward-looking statements.

These statements are subject to significant risks and uncertainties that include but are not limited those inherent in mine development and production, geological, mining, metallurgical and processing technical problems, the inability to obtain and maintain mine licenses, permits and other regulatory approvals required in connection with mining and processing operations, competition for among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel, incorrect assessments of the value of projects and acquisitions, changes in commodity prices and exchange rate, currency and interest rate fluctuations and other adverse econom ic conditions, the potential inability to market and sell products, various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions, the demand for and availability of transportation services, environmental, native title, heritage, taxation and other legal problems, the potential inability to secure adequate financing and management's potential inability to anticipate and manage the foregoing factors and risks. There can be no assurance that for ward- looking statements will prove to be correct.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and on a reasonable basis. No representation or warranty, express or implied, is made by the Company that the matters stated in this presentation will in fact be achieved or prove to be correct.

Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this presentation and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from.

This presentation does not take into account the individual investment objectives, financial or tax situation or particular needs of any person. It does not contain financial advice. You should consider seeking independent legal, financial and taxation advice in relation to the contents of this presentation.

Except as required by applicable law, the Company does not undertake any obligation to release publicly any revisions to any forward- looking statement to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

NOT AN OFFER

This presentation is for information purposes only and does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction. This presentation and its contents must not be distributed, transmitted or viewed by any person in any jurisdiction where the distribution, transmission or view ing of this document would be unlawful under the securities or other laws of that or any other jurisdiction.

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CORPORATE SNAPSHOT

12 Month Price History (AUD)

Directors Institutional Retail

1unaudited as at 30 June 2017

2average exercise price A$0.43c

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