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SANDFIRE RESOURCES LIMITED Capital/Financing Update 2004

Mar 1, 2004

65773_rns_2004-03-01_300889e7-f9cf-4d5d-9a75-be94ed22940f.pdf

Capital/Financing Update

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MARKET RELEASE

2 March 2004

Sandfire Resources NL

ADMISSION TO OFFICIAL LIST

Sandfire Resources NL was admitted to the Official List of Australian Stock Exchange Limited on Monday, 1 March 2004.

Official Quotation of the following securities will commence at 1pm E.D.S.T. on Thursday, 4 March 2004.

25,250,000

ordinary shares fully paid issued at \$0.20 per share

Security Code: SFR

Brendan O'Hara Manager Companies

SANDFIRE RESOURCES NL - COMMENCEMENT TO OFFICIAL QUOTATION

Sandfire Resources NL was admitted to the official list of Australian Stock Exchange Limited on Monday 1 March 2004.

Official quotation of the following securities will commence on Thursday 4 March 2004.

Quoted securities: 25,250,000 ordinary fully paid shares
ASX Code: SFR
Time: 1.00 pm E.D.S.T. (10.00 am W.S.T.)
SEAT Abbreviation: SANDFIRE
ISIN: AU000000SFR8
Home Branch: Perth
Industry Classification: Metals & Mining
Registered Office: 12 Walker Avenue
WEST PERTH WA 6005
Telephone: (08) 9321 5887
Facsimile: (08) 9321 5884
Website: www.sandfire.com.au
Company Secretary: Ms Jean Mathie
Share Registry: Security Transfer Registries Pty Ltd
770 Canning Highway
APPLECROSS WA 6153
Telephone: (08) 9315 0933
Facsimile: (08) 9315 2233
Balance Date: 30 June
CH ESS: Participating
Place of incorporation: Western Australia

Dividend Policy

$n/a$

Activities

Gold and base metal exploration

ASX Restricted Securities:

13,750,000 ordinary fully paid shares, classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

3,000,000 options exercisable at 20 cents each on or before 31 December 2008, classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation.

4,000,000 partly paid shares (15 cents unpaid) classified by ASX as restricted securities and to be held in escrow for a period of 24 months from commencement of official quotation

ASX Contact: Anthony Walsh
Business Unit Companies Perth
Ext No: 6015
Date: 2 March 2004

S:\Perth Companies\PER-Unlisted\Sandfire\sfr2004.03.01capbc-jh,doc