SANDFIRE RESOURCES LIMITED — AGM Information 2014

Nov 19, 2014

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2014 Annual General Meeting – Thursday, 20 November 2014

Key Data

Issued Capital Stock Market Index Market Cap. Cash & Deposits Debt 156.0 S&P ~$800 $87.7 $150 MILLION SHARES ASX MILLION MILLION MILLION 7.0M Options 200 at $5.20 at 30 September 2014 at 30 September 2014

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Board

Global Locations and Investments

Derek La Ferla Non-executive Chairman Karl Simich Managing Director / CEO Paul Hallam Non-executive Director W. John Evans Non-executive Director Robert Scott Non-executive Director Soocheol Shin Non-executive Director

Management

Mike Spreadborough Chief Operating Officer Matt Fitzgerald Chief Financial Officer Robert Klug Chief Commercial Officer Bruce Hooper Chief Development Officer

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Black Butte
Cu
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Misima
WCB/Pan Pacific JV
Cu-Au, Au
DeGrussa VMS
Cu
Australian Exploration JV’s
Cu-Au, Au, Cu, Pb-Zn
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Strong Production and Cash Flow

Deliver superior returns to our owners from the premier high-grade DeGrussa VMS copper-gold mine

Maintain the highest standards of safety, integrity and quality at all times

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1.5Mtpa

Underground mining and processing rate maintained.

US$1.18/lb

Our C1 cash operating cost FY 2014, ensuring Sandfire remains a highly efficient, low-cost copper producer.

10%

The expected reduction in gross mining costs for FY 2015 as a result of the award of the new underground mining contract to Byrnecut Australia Pty Ltd.

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Strong Production and Cash Flow

Deliver superior returns to our owners from the premier high-grade DeGrussa VMS copper-gold mine

Maintain the highest standards of safety, integrity and quality at all times

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1.5Mtpa

Underground mining and processing rate maintained.

US$1.18/lb

Our C1 cash operating cost FY 2014, ensuring Sandfire remains a highly efficient, low-cost copper producer.

10%

The expected reduction in gross mining costs forecast for FY 2015 as a result of the award of the new underground mining contract to Byrnecut Australia Pty Ltd.

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Strong Production and Cash Flow

Deliver superior returns to our owners from the premier high-grade DeGrussa VMS copper-gold mine

Maintain the highest standards of safety, integrity and quality at all times

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/ 67,690t Cu 33,893oz Au

The amount of metal-in-concentrate we produced in FY 2014.

$531.2 million

Our sales revenue for FY 2014 which drove cash flow from operating activities of $223.0 million and a net annual profit of $78.2 million.

10 cents per share

Our maiden final dividend, which was paid to shareholders in early October 2014.

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Weighted
Average
$1.59
FY14 C1 cash
cost US$1.18/lb
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Source – Copper Cost Curve: Wood Mackenzie

Strong Operating Cash Flows Deploying our cash to reduce debt, fund growth and underpin shareholder returns

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Strong Production and Cash Flow

Deliver superior returns to our owners from the premier high-grade DeGrussa VMS copper-gold mine

Maintain the highest standards of safety, integrity and quality at all times

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460

The number of staff and contractors employed at the DeGrussa Copper Mine

9.1

Our Total Recordable Injury Frequency Rate (TRIFR) at the end of June 2014, which declined steadily from 18 at the start of the year

36

The number of environmental and heritage surveys conducted during the year

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Strong Production and Cash Flow

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Growth through Exploration

Grow our copper-gold resources and discover additional VMS deposits within the emerging Doolgunna mineral field

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/ 100,000t Cu 130,000oz Au

The amount of metal we have added to our high-grade underground Mineral Resource inventory since underground mining commenced.

/ 588,000t Cu 764,000oz Au

Our increased High Grade Mineral Resource (31 March 2014).

5.4% Cu

Underground Mineral Resource grade

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Strong Production and Cash Flow

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Growth through Exploration

Grow our copper-gold resources and discover additional VMS deposits within the emerging Doolgunna mineral field

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40,528m

The amount of Aircore, RC and Diamond Drilling we completed during FY 2014 on Sandfire Tenements.

65km and 725km²

The strike length of prospective VMS-hosting lithologies and total area of the Greater Doolgunna Project, which now includes the Talisman Joint Venture.

$20 Million

The amount we are spending each year as part of a disciplined and focused quest to find new deposits and extensions to our existing lenses of mineralisation.

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Strong Production and Cash Flow

65km

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Growth through Exploration

Grow our copper-gold resources and discover additional VMS deposits within the emerging Doolgunna mineral field.

The strike length of prospective VMS horizon within the Greater Doolgunna Project. Sandfire owns and operates the only base metals processing plant in the region.

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Strong Production and Cash Flow

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Growth through Exploration

The next chapter: business development

Explore for, develop and mine key raw materials in Australia and overseas Foster and develop long-term strategic relationships with raw material end-users and traders

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36%

Our stake in TSX-listed company Tintina Resources (TSX: TAU), following a $16M share placement, giving us the opportunity to participate in the development of one of the highest grade undeveloped copper deposits in the USA.

533,600t Cu

The total contained metal in the Measured and Indicated Resource at Tintina’s advanced Black Butte Copper Project, located in Montana.

30,000tpa

The amount of contained copper-in-concentrate which could be produced by Black Butte over a 10-year mine life (Preliminary Economic Analysis produced by Tintina in 2013).

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Strong Production and Cash Flow

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Growth through Exploration

The next chapter: business development

Explore for, develop and mine key raw materials in Australia and overseas Foster and develop long-term strategic relationships with raw material end-users and traders

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$10 million

The amount we are spending on asset-driven exploration ventures and business development activities both in Australia and offshore on an annual basis.

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Black Butte
Cu
Misima
WCB/Pan Pacific JV
Cu-Au, Au
DeGrussa VMS
Cu-Au
Australian Exploration JV’s
Cu-Au, Au, Cu, Pb-Zn
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Quality & consistency Strong cash flows & profits Excellent growth & development opportunities

Shareholder returns

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A premier Australian copper-gold producer

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Competent Person’s Statement – Mineral Resources and Open Pit Ore Reserves

• The information in this report that relates to Mineral Resources and Open Pit Ore Reserves is based on information compiled by Mr. Ekow Taylor who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Taylor is a permanent employee of Sandfire Resources and has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Taylor consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Competent Person’s Statement – Underground Ore Reserves

• The information in this report that relates to Underground Ore Resources is based on information compiled by Mr Shane McLeay who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr. McLeay is a permanent employee of Entech Pty Ltd and has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr McLeay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Competent Person’s Statement – Exploration Results

• The information in this report that relates to Exploration Results is based on information compiled by Mr. Shannan Bamforth who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Bamforth is a permanent employee of Sandfire Resources and has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bamforth consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Exploration and Resource Targets

• Any discussion in relation to the potential quantity and grade of Exploration Targets is only conceptual in nature. While Sandfire is confident that it will report additional JORC compliant resources for the DeGrussa Project, there has been insufficient exploration to define mineral resources in addition to the current JORC compliant Mineral Resource inventory and it is uncertain if further exploration will result in the determination of additional JORC compliant Mineral Resources.

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Forward-Looking Statements

• This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the date of this presentation. The presentation is in summary form and does not purport be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

• This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.

• This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction.

• This presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

• To the fullest extent permitted by law, Sandfire Resources NL, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.

• This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Sandfire Resources NL. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Sandfire Resources NL does not undertake any obligation to update or revise any information or any of the forward looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based.

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