SANDFIRE RESOURCES LIMITED — Major Shareholding Notification 2021

Oct 10, 2021

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Sandfire Resources Limited
ACN/ARSN	105 154 185
1. Details of substantial holder (1)
Name	Vanguard Group (The Vanguard Group, Inc. and its controlled entities including thoselisted in Annexure A)
ACN/ARSN (if applicable)	N/A
The holder ceased to be a
substantial holder on		5 October 2021
The previous notice was given to the company on		7 September 2021
The previous notice was dated		7 September 2021

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchangeSee Annexure A	Person whoserelevant interestchanged	Nature ofchange (4)	Class (6) andConsiderationnumber ofgiven in relationsecuritiesto change (5)affected		Person's votesaffectedVanguard Group
				now holds 4.821% ofvoting power

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Vanguard Group	P.O. Box 2600, V26 Valley Forge, PA 19482 USA

Signature

print name		Shawn Acker	capacity	Compliance Manager
	sign here		date	8 October 2021

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.
• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (4) Include details of:
  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• (6) The voting shares of a company constitute one class unless divided into separate classes.
• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ACN/ARSN 105 154 185

To Company Sandfire Resources Limited

Substantial Holder Name Vanguard Group ACN/ARSN N/A

			Consideration
			given in relation		Number of securities	Person's votes
Date of change	Person whose relevant interest changed Nature of Change(6)		to change(7)	Class	affected	affected
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	63,961	63,961
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	720,449	720,449
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	1,105,380	1,105,380
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	180,602	180,602
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	2,370,790	2,370,790
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	7,623	7,623
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	771,678	771,678
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	81,004	81,004
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	69,218	69,218
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	19,144	19,144
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	8,884	8,884
	24-Sep-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	265	265
	28-Sep-2021 The Vanguard Group, Inc.	BUY		5.37 Ordinary	102,032	102,032
	5-Oct-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	230	230
	5-Oct-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	1,690	1,690
	5-Oct-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	16,555	16,555
	5-Oct-2021 The Vanguard Group, Inc.	BUY		5.40 Ordinary	1,727	1,727
	3-Sep-2021 Vanguard Investments Australia Ltd.	BUY		6.92 Ordinary	628	628
	7-Sep-2021 Vanguard Investments Australia Ltd.	BUY		6.68 Ordinary	2,460	2,460
	17-Sep-2021 Vanguard Investments Australia Ltd.	BUY		6.25 Ordinary	1,848	1,848
	17-Sep-2021 Vanguard Investments Australia Ltd.	BUY		6.25 Ordinary	632	632
	20-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.98 Ordinary	588	588
	22-Sep-2021 Vanguard Investments Australia Ltd.	BUY		6.22 Ordinary	294	294
	24-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.40 Ordinary	23,137	23,137
	24-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.40 Ordinary	83,657	83,657
	24-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.40 Ordinary	16,116	16,116
	24-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.40 Ordinary	58,270	58,270
	24-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.40 Ordinary	234,785	234,785
	24-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.40 Ordinary	848,920	848,920
	24-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.40 Ordinary	613,435	613,435
	24-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.40 Ordinary	427,692	427,692
	27-Sep-2021 Vanguard Investments Australia Ltd.	BUY		5.41 Ordinary	2,940	2,940
	1-Oct-2021 Vanguard Investments Australia Ltd.	BUY		5.27 Ordinary	1,455	1,455
	1-Oct-2021 Vanguard Investments Australia Ltd.	BUY		5.27 Ordinary	1,164	1,164
	5-Oct-2021 Vanguard Investments Australia Ltd.	CORPORATE ACTION		5.40 Ordinary	90,888	90,888
	5-Oct-2021 Vanguard Investments Australia Ltd.	BUY		5.20 Ordinary	4,920	4,920
	5-Oct-2021 Vanguard Investments Australia Ltd.	CORPORATE ACTION		5.40 Ordinary	3,301	3,301
	5-Oct-2021 Vanguard Investments Australia Ltd.	BUY		5.20 Ordinary	2,328	2,328

This is Annexure A of 1 page referred to in Form 605, Notice of ceasing to be a substantial holder.

Signature:

Name: Shawn Acker

Capacity: Compliance Manager

Date: 8 October 2021