SANDFIRE RESOURCES LIMITED — Capital/Financing Update 2021

Sep 29, 2021

ASX:SFR

30 September 2021

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ASX Release

Not for release to U.S. wire services or distribution in the United States

Dispatch of Retail Entitlement Offer Booklet

Sandfire Resources Limited ( SFR or the Company ) (ASX:SFR) is pleased to announce that the Retail Entitlement Offer Booklet and accompanying Entitlement and Acceptance Form, in connection with the fully underwritten accelerated pro rata non-renounceable entitlement offer as announced on Thursday, 23 September 2021 ( Entitlement Offer ), have been dispatched to eligible retail shareholders today.

The retail component of the Entitlement Offer opens today, Thursday, 30 September 2021 and is expected to close at 5pm (WST) on Wednesday, 13 October 2021. To avoid postal delays currently being experienced, we encourage eligible retail shareholders who wish to participate in the Entitlement Offer to make your payment via BPAY or EFT either online or by phone with your bank using the payment instructions on your personalised Entitlement and Acceptance Form.

Eligible retail shareholders can take up all, part or none of their entitlement.

Key dates

An indicative timetable of key dates in relation to the Entitlement Offer as announced to ASX on Thursday 23 September 2021 is detailed below.

	er 2021 is detailed below.
Event		Date
Record Date	for Retail Entitlement Offer	5pm (WST) Monday, 27 September 2021
Retail Entitle		Thursday, 30 September 2021
	ment Offer opens, and dispatch of Offer Booklet
Settlement of	shares issued under the Placement and Institutional E	ntitlement OfferMonday, 4 October 2021
Allotment andInstitutional E		Placement andTuesday, 5 October 2021
	commencement of trading of shares issued under the
	ntitlement Offer
Retail Entitle	ment Offer Closing Date	5pm (WST) Wednesday, 13 October 2021
Results of Re
	tail Entitlement Offer announced to the ASX	Monday, 18 October 2021
Settlement of	New Shares issued under the Retail Entitlement Offer	Tuesday, 19 October 2021
Issue of New		Wednesday, 20 October 2021
	Shares under the Retail Entitlement Offer
Commencem
	ent of trading of New Shares issued under the Retail E	ntitlement OfferThursday, 21 October 2021
	estern Standard Time. The Offer timetable is subject towithout notice, subject to ASX Listing Rules and the Coht to either, generally or in particular cases, extend the	variation. The Company reserves the right to alter the timetable at itrporations Act and other applicable law. In particular, the Companyclosing date of the Retail Entitlement Offer, to accept late
	to withdraw the Institutional Entitlement Offer or Retaile commencement of quotation of New Shares is subjec	Entitlement Offer prior to the issue of the relevant securities withoutt to confirmation from ASX.

NOTE

WST means Western Standard Time. The Offer timetable is subject to variation. The Company reserves the right to alter the timetable at its discretion and without notice, subject to ASX Listing Rules and the Corporations Act and other applicable law. In particular, the Company reserves the right to either, generally or in particular cases, extend the closing date of the Retail Entitlement Offer, to accept late applications or to withdraw the Institutional Entitlement Offer or Retail Entitlement Offer prior to the issue of the relevant securities without prior notice. The commencement of quotation of New Shares is subject to confirmation from ASX.

Sandfire Resources Ltd

PO Box 1495 West Perth WA 6872

Level 2, 10 Kings Park Road West Perth WA 6005

T: +61 8 6430 3800 F: +61 8 6430 3849

ABN 55 105 154 185 www.sandfire.com.au

ASX:SFR

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Further details of the Entitlement Offer are set out in the Retail Entitlement Offer Booklet provided to the ASX and dispatched to eligible retail shareholders today.

For additional questions in relation to the Offer, please contact:

Investors: Media: Automic Share Registry: Sandfire Resources Ltd Read Corporate 1300 288 664 (within Australia) Ben Crowley – Head of Investor Nicholas Read +61 2 9698 5414 Relations Mobile: +61 419 929 046 (outside Australia) Office: +61 8 6430 3800

This announcement is authorised for release by the Company Secretary of Sandfire.

IMPORTANT NOTICE AND DISCLAIMER

Not for release to US wire services or distribution in the United States

This announcement has been prepared for publication in Australia and may not be released or distributed to US wire services in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933, as amended ( US Securities Act ), or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and any other applicable securities laws of any state or other jurisdiction of the United States. The Company does not intend to register any portion of the Offer under the US Securities Act or to conduct a public offering in the United States. The release, publication or distribution of this announcement (including in electronic copy) outside Australia may be restricted by law. If you come into possession of this announcement, you should observe such restrictions and should seek your own advice on such restrictions. Any non-compliance with these restrictions may contravene applicable securities laws.

Forward-Looking Statements

Certain statements made during or in connection with this release contain or comprise certain forward-looking statements regarding Sandfire’s Mineral Resources and Reserves, exploration and project development operations, production rates, life of mine, projected cash flow, capital expenditure, operating costs and other economic performance and financial condition as well as general market outlook. Although Sandfire believes that the expectations reflected in such forward-looking statements are reasonable, such expectations are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements and no assurance can be given that such expectations will prove to have been correct. No representation, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this announcement.

There is continuing uncertainty as to the full impact of COVID-19 on Sandfire’s business, the Australian economy, share markets and the economies in which Sandfire conducts business. Given the high degree of uncertainty surrounding the extent and duration of the COVID-19 pandemic, it is not currently possible to assess the full impact of COVID-19 on Sandfire’s business or the price of Sandfire securities.

Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, delays or changes in project development, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in metals prices and exchange rates and business and operational risk management.

Except for statutory liability which cannot be excluded, each of Sandfire, its officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in these forward-looking statements and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in forward-looking statements or any error or omission. Sandfire undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events other than required by the Corporations Act and ASX Listing Rules. Accordingly, you should not place undue reliance on any forward-looking statement.

30 September 2021

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