SANDFIRE RESOURCES LIMITED — Board/Management Information 2016

Aug 24, 2016

ASX Announcement

25 August 2016

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MANAGEMENT UPDATE

Sandfire Resources NL (ASX: SFR; “Sandfire”) advises that Mike Spreadborough, Chief Operating Officer, will be leaving Sandfire at the end of September to pursue new opportunities in the resource sector.

Mr Spreadborough joined Sandfire in August 2013 and has made a strong contribution to the Company over the past three years, overseeing the continued efficient, consistent and safe operations of the DeGrussa Copper-Gold Mine in Western Australia.

During his tenure, Mr Spreadborough oversaw the completion of a number of enhancement projects at the DeGrussa Concentrator, the development of the Conductor 4 and 5 deposits (both now on stream) and the successful construction and commissioning of the DeGrussa Solar Farm.

Martin Reed has been appointed interim Chief Operating Officer.

Sandfire’s Managing Director, Mr Karl Simich, thanked Mr Spreadborough for his hard work and commitment to the Company and the DeGrussa operation.

“Mike joined us as DeGrussa was completing its operational ramp-up, and he has presided over three strong and consistent years of production – ensuring that we have been able to continue to meet our guidance and helping us to achieve our key corporate objectives in this period,” he said.

“On behalf of the board and management team, we wish Mike well in his future endeavours.”

ENDS

For further information contact: Sandfire Resources NL Read Corporate Karl Simich – Managing Director/CEO Mobile: +61 419 929 046 (Nicholas Read) Office: +61 8 6430 3800 Mobile: +61 421 619 084 (Paul Armstrong)

Forward-Looking Statements

Certain statements made during or in connection with this statement contain or comprise certain forward-looking statements regarding Sandfire’s Mineral Resources and Reserves, exploration operations, project development operations, production rates, life of mine, projected cash flow, capital expenditure, operating costs and other economic performance and financial condition as well as general market outlook. Although Sandfire believes that the expectations reflected in such forward-looking statements are reasonable, such expectations are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward looking statements and no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, delays or changes in project development, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in metals prices and exchange rates and business and operational risk management. Except for statutory liability which cannot be excluded, each of Sandfire, its officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in this statement and excludes 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 statement or any error or omission. Sandfire undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events other than required by the Corporations Act and ASX Listing Rules. Accordingly you should not place undue reliance on any forward looking statement.

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