SANDFIRE RESOURCES LIMITED — Capital/Financing Update 2021

Oct 12, 2021

ASX Release ASX:SFR

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13 October 2021

ASX Announcements Office 152-158 St Georges Terrace Perth WA 6000 Australia

Cleansing Notice under Section 708A(5)(e) of the Corporations Act

Sandfire Resources Limited ( Sandfire or the Company ) advises that it has allotted and issued 198,751 fully paid ordinary shares ( Shares ) to Kalahari Copper Limited, and 107,271 Shares to African Pioneer Plc, as part consideration payable for the acquisition by Sandfire of exploration properties in Botswana pursuant to relevant License Sale Agreements.

The shares were issued on 7 and 8 October 2021 and were issued utilising the Company’s placement capacity pursuant to ASX Listing Rule 7.1. For further information please refer to the Appendix 3B lodged on 9 March 2021 and 16 March 2021.

Secondary Trading Exemption:

The Corporations Act 2001 (Cth) ( Act ) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By the Company giving this notice ( Notice ), a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act. The Company gives notice pursuant to section 708A(5)(e) of the Act that:

• (a) the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (b) this Notice is being given under Section 708A(5)(e) of the Act;

• (c) as at the date of this Notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Act as they apply to the Company; and

  • (ii) section 674 of the Act; and

• (d) as at the date of this Notice, there is no excluded information, within the meanings of section 708A(7) and 708A(8) of the Act.

Yours sincerely

Matthew Fitzgerald

Chief Financial Officer and Company Secretary

This notice has been authorised for release to the ASX by the Company Secretary.

Sandfire Resources Ltd Level 2, 10 Kings Park Road West Perth WA 6005

PO Box 1495 T: +61 8 6430 3800 ABN 55 105 154 185 West Perth WA 6872 F: +61 8 6430 3849 www.sandfire.com.au