SANDFIRE RESOURCES LIMITED — Capital/Financing Update 2021

Oct 12, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

SANDFIRE RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday October 13, 2021

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
SFR	ORDINARY FULLY PAID	107,271	08/10/2021

Refer to next page for full details of the announcement

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

SANDFIRE RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 55105154185

1.3 ASX issuer code

SFR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

13/10/2021

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
16-Mar-2021 15:31	New - Proposed issue of Securities -	A placement or other type of issue
	SFR

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description SFR : ORDINARY FULLY PAID

Issue date 8/10/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Total percentage of +securities held Number of +securities held Number of holders For example, to enter a value of 50% please input as 50.00 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over %

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

107,271

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Exploration properties in Botswana.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

6.060000

Any other information the entity wishes to provide about the +securities to be quoted

Deemed issue price calculated with reference to the 10-day VWAP of SFR shares leading up to the date of execution of the agreement.

The number of SFR ordinary fully paid securities following the issue will be 350,470,555. the discrepancy to Part 4 of this form is due to processing timing of more than one application currently with ASX.

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
SFR : ORDINARY FULLY PAID	350,271,804
4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
SFRAX : OPTION EXPIRING 17-JUL-2026	3,576,336
SFRAA : PERFORMANCE RIGHTS	288,408
SFRAY : ORDINARY FULLY PAID DEFERRED	178,251,333

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

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