SANDFIRE RESOURCES LIMITED — Major Shareholding Notification 2022

Dec 1, 2022

Form 603

Corporations Act 2001 Section 671B

Notice of initial 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 became a substantial holder on	29 November 2022

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary	22,782,255	22,782,255	5.131%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Vanguard Group	Vanguard Group is the manager of various Mutual funds	Ordinary – 22,782,255
	and accounts and in that capacity has the power to dispose
	of the shares. The other members of Vanguard Group have
	a relevant interest under section 608(3) of the Corporations
	Act.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class andnumber ofsecurities
Vanguard Group	Brown Brothers Harriman	Various funds and other accounts of Vanguard Group	Ordinary –246,733
Vanguard Group	BNY Mellon	Various funds and other accounts of Vanguard Group	Ordinary –2,239,468
Vanguard Group	JP Morgan Chase Bank,N.A.	Various funds and other accounts of Vanguard Group	Ordinary –16,465,851
Vanguard Group	State Street Bank and TrustCompany	Various funds and other accounts of Vanguard Group	Ordinary –3,830,203

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and numberof securities
See Annexure A

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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

7. 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

print name	Shawn Acker	capacity	Compliance Manager

sign here date 01 December 2022

ACN/ARSN 105 154 185

To Company Sandfire Resources Limited

ACN/ARSN N/A

Substantial Holder Name Vanguard Group

			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
	3-Aug-22 The Vanguard Group, Inc.	BUY		4.53 Ordinary	1,548	1,548
	3-Aug-22 The Vanguard Group, Inc.	BUY		4.53 Ordinary	4,644	4,644
	4-Aug-22 The Vanguard Group, Inc.	BUY		4.41 Ordinary	2,166	2,166
	4-Aug-22 The Vanguard Group, Inc.	BUY		4.41 Ordinary	1,548	1,548
	10-Aug-22 The Vanguard Group, Inc.	BUY		4.73 Ordinary	4,362	4,362
	10-Aug-22 The Vanguard Group, Inc.	BUY		4.73 Ordinary	5,089	5,089
	10-Aug-22 The Vanguard Group, Inc.	BUY		4.73 Ordinary	8,724	8,724
	10-Aug-22 The Vanguard Group, Inc.	BUY		4.73 Ordinary	3,635	3,635
	16-Aug-22 The Vanguard Group, Inc.	BUY		5.01 Ordinary	2,908	2,908
	22-Aug-22 The Vanguard Group, Inc.	BUY		4.85 Ordinary	5,856	5,856
	23-Aug-22 The Vanguard Group, Inc.	BUY		4.90 Ordinary	3,660	3,660
	29-Aug-22 The Vanguard Group, Inc.	BUY		4.75 Ordinary	3,795	3,795
	31-Aug-22 The Vanguard Group, Inc.	BUY		4.62 Ordinary	6,375	6,375
	2-Sep-22 The Vanguard Group, Inc.	BUY		3.88 Ordinary	5,782	5,782
	2-Sep-22 The Vanguard Group, Inc.	BUY		3.88 Ordinary	4,130	4,130
	9-Sep-22 The Vanguard Group, Inc.	BUY		4.28 Ordinary	4,130	4,130
	12-Sep-22 The Vanguard Group, Inc.	BUY		4.39 Ordinary	6,608	6,608
	16-Sep-22 The Vanguard Group, Inc.	SELL		3.86 Ordinary	(4,401)	(4,401)
	21-Sep-22 The Vanguard Group, Inc.	BUY		3.89 Ordinary	4,644	4,644
	26-Sep-22 The Vanguard Group, Inc.	BUY		3.64 Ordinary	6,192	6,192
	27-Sep-22 The Vanguard Group, Inc.	SELL		3.69 Ordinary	(14,664)	(14,664)
	28-Sep-22 The Vanguard Group, Inc.	BUY		3.60 Ordinary	106,398	106,398
	4-Oct-22 The Vanguard Group, Inc.	BUY		4.02 Ordinary	2,064	2,064
	11-Oct-22 The Vanguard Group, Inc.	BUY		3.69 Ordinary	748	748
	11-Oct-22 The Vanguard Group, Inc.	BUY		3.68 Ordinary	2,364	2,364
	12-Oct-22 The Vanguard Group, Inc.	BUY		3.67 Ordinary	6,224	6,224
	20-Oct-22 The Vanguard Group, Inc.	BUY		3.27 Ordinary	6,224	6,224
	21-Oct-22 The Vanguard Group, Inc.	BUY		3.34 Ordinary	228	228
	21-Oct-22 The Vanguard Group, Inc.	BUY		3.46 Ordinary	4,668	4,668
	21-Oct-22 The Vanguard Group, Inc.	BUY		3.46 Ordinary	5,446	5,446
	21-Oct-22 The Vanguard Group, Inc.	BUY		3.46 Ordinary	3,612	3,612
	21-Oct-22 The Vanguard Group, Inc.	BUY		3.34 Ordinary	126,147	126,147
	26-Oct-22 The Vanguard Group, Inc.	BUY		3.49 Ordinary	7,002	7,002
	28-Oct-22 The Vanguard Group, Inc.	BUY		3.57 Ordinary	4,668	4,668
	1-Nov-22 The Vanguard Group, Inc.	BUY		3.63 Ordinary	10,114	10,114
	2-Nov-22 The Vanguard Group, Inc.	BUY		3.66 Ordinary	2,444	2,444
	4-Nov-22 The Vanguard Group, Inc.	BUY		3.80 Ordinary	14,664	14,664
	4-Nov-22 The Vanguard Group, Inc.	BUY		3.80 Ordinary	5,481	5,481
	4-Nov-22 The Vanguard Group, Inc.	BUY		3.80 Ordinary	4,698	4,698
	10-Nov-22 The Vanguard Group, Inc.	BUY		4.44 Ordinary	3,132	3,132
	10-Nov-22 The Vanguard Group, Inc.	BUY		4.44 Ordinary	3,915	3,915
	10-Nov-22 The Vanguard Group, Inc.	BUY		4.44 Ordinary	4,698	4,698
	16-Nov-22 The Vanguard Group, Inc.	SELL		4.92 Ordinary	(1,548)	(1,548)
	18-Nov-22 The Vanguard Group, Inc.	BUY		4.83 Ordinary	11,375	11,375
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	111	111
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	21,154	21,154
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	3,610	3,610
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	302	302
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.70 Ordinary	10,910	10,910
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	22,613	22,613
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	169,619	169,619
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	352,958	352,958
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	57,738	57,738
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	614,572	614,572
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	6,318	6,318
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	280,198	280,198
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	15,473	15,473
	21-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	5,099	5,099
	29-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	393	393
	29-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	5,330	5,330
	29-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	955	955
	29-Nov-22 The Vanguard Group, Inc.	BUY		4.30 Ordinary	2,375	2,375
	2-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.49 Ordinary	2,115	2,115

Annexure 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
	4-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.38 Ordinary	6,315	6,315
	4-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.38 Ordinary	6,745	6,745
	4-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.38 Ordinary	2,360	2,360
	4-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.38 Ordinary	1,888	1,888
	8-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.85 Ordinary	2,140	2,140
	16-Aug-22 Vanguard Investments Australia Ltd.	BUY		5.00 Ordinary	2,120	2,120
	16-Aug-22 Vanguard Investments Australia Ltd.	BUY		5.00 Ordinary	2,696	2,696
	18-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.91 Ordinary	2,550	2,550
	18-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.91 Ordinary	5,388	5,388
	19-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.99 Ordinary	6,360	6,360
	23-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.85 Ordinary	2,696	2,696
	24-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.82 Ordinary	6,330	6,330
	31-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.62 Ordinary	8,360	8,360
	31-Aug-22 Vanguard Investments Australia Ltd.	BUY		4.62 Ordinary	14,649	14,649
	1-Sep-22 Vanguard Investments Australia Ltd.	BUY		4.06 Ordinary	2,105	2,105
	5-Sep-22 Vanguard Investments Australia Ltd.	BUY		3.89 Ordinary	10,575	10,575
	8-Sep-22 Vanguard Investments Australia Ltd.	BUY		3.89 Ordinary	3,017	3,017
	9-Sep-22 Vanguard Investments Australia Ltd.	BUY		4.20 Ordinary	10,875	10,875
	12-Sep-22 Vanguard Investments Australia Ltd.	BUY		4.35 Ordinary	2,175	2,175
	16-Sep-22 Vanguard Investments Australia Ltd.	SELL		3.86 Ordinary	(29,074)	(29,074)
	19-Sep-22 Vanguard Investments Australia Ltd.	BUY		3.99 Ordinary	2,275	2,275
	20-Sep-22 Vanguard Investments Australia Ltd.	BUY		4.07 Ordinary	2,305	2,305
	23-Sep-22 Vanguard Investments Australia Ltd.	BUY		3.88 Ordinary	3,656	3,656
	23-Sep-22 Vanguard Investments Australia Ltd.	BUY		3.88 Ordinary	9,140	9,140
	23-Sep-22 Vanguard Investments Australia Ltd.	BUY		3.88 Ordinary	4,059	4,059
	27-Sep-22 Vanguard Investments Australia Ltd.	BUY		3.75 Ordinary	4,140	4,140
	29-Sep-22 Vanguard Investments Australia Ltd.	BUY		3.75 Ordinary	4,113	4,113
	30-Sep-22 Vanguard Investments Australia Ltd.	SELL		3.73 Ordinary	(12,936)	(12,936)
	3-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.62 Ordinary	4,077	4,077
	3-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.62 Ordinary	9,060	9,060
	5-Oct-22 Vanguard Investments Australia Ltd.	BUY		4.11 Ordinary	2,736	2,736
	11-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.69 Ordinary	3,206	3,206
	13-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.64 Ordinary	1,239	1,239
	17-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.66 Ordinary	2,300	2,300
	18-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.80 Ordinary	9,160	9,160
	18-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.80 Ordinary	4,062	4,062
	25-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.34 Ordinary	10,010	10,010
	25-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.34 Ordinary	4,065	4,065
	26-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.43 Ordinary	2,742	2,742
	31-Oct-22 Vanguard Investments Australia Ltd.	BUY		3.48 Ordinary	6,675	6,675
	2-Nov-22 Vanguard Investments Australia Ltd.	BUY		3.77 Ordinary	3,136	3,136
	3-Nov-22 Vanguard Investments Australia Ltd.	BUY		3.58 Ordinary	6,775	6,775
	7-Nov-22 Vanguard Investments Australia Ltd.	BUY		3.87 Ordinary	1,242	1,242
	9-Nov-22 Vanguard Investments Australia Ltd.	BUY		4.00 Ordinary	5,436	5,436
	14-Nov-22 Vanguard Investments Australia Ltd.	BUY		4.58 Ordinary	8,560	8,560
	16-Nov-22 Vanguard Investments Australia Ltd.	BUY		4.94 Ordinary	1,359	1,359
	16-Nov-22 Vanguard Investments Australia Ltd.	BUY		4.94 Ordinary	5,436	5,436
	21-Nov-22 Vanguard Investments Australia Ltd.	BUY		4.30 Ordinary	523,067	523,067
	21-Nov-22 Vanguard Investments Australia Ltd.	SELL		4.81 Ordinary	(13,740)	(13,740)
	21-Nov-22 Vanguard Investments Australia Ltd.	BUY		4.30 Ordinary	88,724	88,724
	21-Nov-22 Vanguard Investments Australia Ltd.	BUY		4.30 Ordinary	17,447	17,447
	24-Nov-22 Vanguard Investments Australia Ltd.	BUY		5.16 Ordinary	6,810	6,810
	28-Nov-22 Vanguard Investments Australia Ltd.	CORPORATE ACTION		4.99 Ordinary	106,418	106,418
	28-Nov-22 Vanguard Investments Australia Ltd.	CORPORATE ACTION		4.99 Ordinary	13,977	13,977

This is Annexure A of 2 pages referred to in Form 603, Notice of initial substantial holder.

Signature:

Name: Shawn Acker

Capacity: Compliance Manager

Date: 01 December 2022