SANDFIRE RESOURCES LIMITED — Capital/Financing Update 2014

Nov 30, 2014

Sandfire Resources NL ABN 55 105 154 185 Level 1, 31 Ventnor Ave, West Perth Western Australia 6005 Phone: +61 8 6430 3800 Fax: +61 8 6430 3849 Email: info@sandfire.com.au Web: www.sandfire.com.au

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ASX/Media Release 1 December 2014

CONDUCTOR 4/5 DECLINE UPDATE

Sandfire Resources NL (ASX: SFR – “Sandfire” or “the Company”) provides the following update to its release of 20 November 2014 in relation to water flows into the Conductor 4/5 decline at its DeGrussa Copper Mine.

Dewatering capacity has reached target level and is now well in excess of the water inflow rate. In conjunction with dewatering activities, the underground drill holes where the increased water flows occurred are scheduled to be sealed and grouted within the next week.

As previously advised, development activities in the Conductor 4/5 Decline remain scheduled to recommence around the end of the December 2014 Quarter. Mining activities in the Conductor 1 and DeGrussa orebodies remain planned to re-commence in approximately one week.

The DeGrussa Concentator has continued to process available ore stockpiles and Sandfire does not expect to change previously announced production guidance for FY2015.

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)