SANDFIRE RESOURCES LIMITED — Director's Dealing 2009

Oct 7, 2009

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8 October 2009

The Manager Company Announcements Office Australian Securities Exchange Limited

APPENDIX 3Y

Please find attached an Appendix 3Y for Mr Karl Simich, Managing Director of Sandfire Resources NL (ASX: SFR ).

Mr Simich advises that he has sold one million Sandfire shares to a large North American resource fund ( the Fund ) in an off-market transfer. The Fund has been actively buying Sandfire shares in the market and was seeking a larger stake.

Mr Simich has also paid up 1,253,134 partly paid shares to fully paid shares.

Mr Simich remains one of Sandfire’s largest shareholders with an interest in 3,549,338 shares and 2,400,000 options, representing an interest in the Company of approximately 5 per cent on a fully diluted basis.

Mr Simich has sold the shares to repay some personal debt, while helping Sandfire achieve its goal of bringing more global investment institutions, particularly those focussed on the resources sector, onto the Company’s share register.

The Fund is an active investor in mining projects and resources companies around the world. It aims to identify, acquire, finance, develop and operate low-cost, long-life mining assets. Its interests extend from early-stage exploration activities through to projects and companies which are in production and generating cash flow.

Mr Simich said he welcomed the new institutional investor onto the Sandfire register and looked forward to its support for the exciting exploration program underway at the Company’s Doolgunna copper-gold project in Western Australia.

For further information contact:

Sandfire Resources NL

Karl Simich – Managing Director +61 8 9226 5833

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	SANDFIRE RESOURCES NL
ABN	55 105 154 185

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	KARL MATTHEW SIMICH
Date of last notice	27/8/09

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	1. Resource Development Company Pty Ltd ATF Resource Development Discretionary Trust (director and beneficiary). 2. Resource Development Company Pty Ltd ATF the Simich Family Trust (director and beneficiary). 3. Tongaat Pty Ltd ATF Blue Seas Trust – director. 4. Kape Securities Pty Ltd ATF Blue Seas Super Fund–directorand beneficiary.
Date of change	3. 6/10/2009 4. 8/10/2009
No. of securities held prior to change	1. 110,000 ord f/p shares 2. 1,766,894 ord f/p shares 3. 1,155,000 ord f/p shares 2,400,000 unlisted options exp 12/07/2013 4. 264,310 ord f/p shares 1,253,134contributing shares
Class	As above
Number acquired	4. 1,253,134 ord f/p shares
Number disposed	3. 1,000,000 ord f/p shares 4. 1,253,134 contributing shares paid up to fully paid shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	3. $3,550,000 4. $187,970
No. of securities held after change	1. 110,000 ord f/p shares 2. 1,766,894 ord f/p shares 3. 155,000 ord f/p shares 2,400,000 unlisted options exp 12/07/2013 4. 1,517,444 ord f/p shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	3. Off-market transfer 4. Conversion of contributing shares at $0.15 per share

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002