SANDFIRE RESOURCES LIMITED — Investor Presentation 2011

Jun 23, 2011

Sandfire Resources NL ABN 55 105 154 185 Level 2, 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

==> picture [276 x 55] intentionally omitted <==

ASX/Media Release 24 June 2011

DEGRUSSA PROJECT PICTORIAL UPDATE

In April 2011, less than two years after the discovery drill hole, Sandfire commenced development at the DeGrussa Copper-Gold Project in Western Australia and is now well underway with construction and commissioning for an open pit and underground mining operation. Development commenced ahead of the announcement, on 3 June 2011, of the results of a Definitive Feasibility Study which confirmed the outstanding economics and potential of this project.

Considerable progress has been made on construction and infrastructure development at DeGrussa, with recent activities at site shown in the following image gallery.

We look forward to updating you further as we progress towards production.

==> picture [507 x 202] intentionally omitted <==

----- Start of picture text -----

Dawn at DeGrussa
----- End of picture text -----

==> picture [331 x 221] intentionally omitted <==

----- Start of picture text -----

Open Pit Mining Underway
----- End of picture text -----

ASX / Media Release

24 June 2011

==> picture [511 x 180] intentionally omitted <==

----- Start of picture text -----

Mine Planning and Environmental Sampling
----- End of picture text -----

==> picture [510 x 189] intentionally omitted <==

----- Start of picture text -----

Open Pit Mining and Blast
----- End of picture text -----

==> picture [511 x 215] intentionally omitted <==

----- Start of picture text -----

Open Pit Waste Removal
----- End of picture text -----

2

ASX / Media Release

24 June 2011

==> picture [511 x 199] intentionally omitted <==

----- Start of picture text -----

Open Pit Waste Removal
----- End of picture text -----

==> picture [531 x 429] intentionally omitted <==

----- Start of picture text -----

Underground Box Cut Development
----- End of picture text -----

3

ASX / Media Release

24 June 2011

Construction Camp Installation

Temporary Batch Plant and Village Installation

Construction Village

Main Village Construction

4

ASX / Media Release

24 June 2011

==> picture [168 x 146] intentionally omitted <==

Core Storage Area

==> picture [120 x 146] intentionally omitted <==

==> picture [391 x 280] intentionally omitted <==

----- Start of picture text -----

DeGrussa Site Aerial View
----- End of picture text -----

==> picture [362 x 265] intentionally omitted <==

----- Start of picture text -----

Aerial View of Plant Area
----- End of picture text -----

5

ASX / Media Release

24 June 2011

Aerial View of Open Pit

==> picture [140 x 127] intentionally omitted <==

==> picture [93 x 127] intentionally omitted <==

==> picture [140 x 126] intentionally omitted <==

==> picture [216 x 126] intentionally omitted <==

==> picture [93 x 126] intentionally omitted <==

ENDS

For further information contact: Sandfire Resources NL Karl Simich – Managing Director/CEO Office: +61 8 6430 3800

Read Corporate Mobile: +61 419 929 046 (Nichol a s Read) Mobile: +61 421 619 084 (Paul Armstrong)

Figure 1 – DeGrussa Copper-Gold Project location

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 17] intentionally omitted <==

==> picture [114 x 17] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 18] intentionally omitted <==

==> picture [114 x 18] intentionally omitted <==

==> picture [214 x 17] intentionally omitted <==

==> picture [114 x 17] intentionally omitted <==

Forward-Looking Statements

Certain statements made during or in connection with this statement contain or comprise certain forward-looking statements regarding Sandfire’s Mineral Resources and Reserves, exploration o perations, project development operations, production rate s , 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 ex p ectations are only predictions and are subject to inherent risks and uncertainties w hich could cause actual values, results, performance or ac h ievements to differ materially from those expressed, implied or projected in any fo r ward looking statements and no assurance can be given t h at such expectations will prove to have been correct. Accordingly, results could di f fer materially from those set out in the forward-looking stat e ments as a result of, among other factors, changes in economic and market condi t ions, delays or changes in project development, success of business and operating initiatives, changes in the regulatory environment and ot h er government actions, fluctuations in metals prices and e xchange rates and business and operational risk management. Except for statut o ry liability which cannot be excluded, each of Sandfire, it s officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in this s tatement and excludes all liability whatsoever (including in negligence) for any los s or damage which may be suffered by any person as a con s equence of any information in this statement or any error or omission. Sandfire u ndertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances a f ter today's date or to reflect the occurrence of unanticipate d events other than required by the Corporations Act and ASX Listing Rules. Accor d ingly you should not place undue reliance on any forward looking statement.

6