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SANDFIRE RESOURCES LIMITED Capital/Financing Update 2005

Sep 27, 2005

65773_rns_2005-09-27_2a0ec12c-8f21-4be5-abd1-b2a37c157982.pdf

Capital/Financing Update

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1-61892265833 F +61 8 9226 5844 E administrandfire.com.au

28 September 2005

No. of pages lodged: 1

Company Announcements Office Australian Stock Exchange Limited $4th$ Floor 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

CONVERSION OF OPTIONS EXPIRING ON 30 SEPTEMBER 2005

Sandfire advise any option holder wishing to convert to a contributing share that they may bank or transfer funds directly with Sandfire.

Should funds be banked directly or transferred, then the Notice of Conversion must be faxed or delivered to Security Transfer Registrars by close of business 30 September 2005. (Fax 08 9315 2233) and clearly marked "Funds Banked Directly with Sandfire".

So as to enable Sandfire to reconcile the deposits Sandfire need to be advised of the deposit or transfer details either by fax 08 226 5844 or e-mail [email protected].

The Bank account details are:

ANZ BSB: 016 002 Account Number: 837422168 Account Name; Sandfire Resources Share Application Account.

Yours faithfully SANDFIRE RESOURCES NL

MALCOLM K SMARTT Company Secretary