SANDFIRE RESOURCES LIMITED — Major Shareholding Notification 2015

Nov 18, 2015

19 November 2015

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ASX Announcement

SANDFIRE INCREASES STAKE IN TINTINA RESOURCES

Sandfire Resources NL (ASX: SFR; “Sandfire”) is pleased to advise that it has increased its stake in North American copper development company Tintina Resources (“Tintina”; TSX-V: TAU) to 57%, from 36% currently, by acquiring a 21% interest held by a fellow shareholder.

The additional shareholding, comprising 47.2 million shares, has been acquired by Sandfire in an off-market transaction at an average price of C$0.083 per share, for total consideration of C$3.9 million (A$3.7 million).

Tintina is developing the high-grade Black Butte Copper Project, located in central Montana, USA. Development studies are advancing with an application for a Mine Operating Permit planned to be filed with the relevant State Government authorities before the end of the year.

Sandfire’s Managing Director, Mr Karl Simich, said the Company’s investment in Tintina was consistent with its corporate strategy of securing and advancing high-quality growth opportunities worldwide which complemented its world-class DeGrussa Copper-Gold Mine in Australia.

ENDS

For further information contact: Sandfire Resources NL Read Corporate Karl Simich – Managing Director/CEO Mobile: +61 419 929 046 (Nicholas Read) Office: +61 8 6430 3800 Mobile: +61 421 619 084 (Paul Armstrong)

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 operations, 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. 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 this statement 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 this statement 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.

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