SANDFIRE RESOURCES LIMITED — Interim / Quarterly Report 2009

Jul 28, 2009

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

	SANDFIRE RESOURCES NL	SANDFIRE RESOURCES NL	SANDFIRE RESOURCES NL
	ABN 55 105 154 185 Statement of cash flows
		30 June 2009
Cash flows related to operating activities 1.1 Receipts from provision of services 1.2 Payments for (a) exploration and evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other - Movement in Working Capital Net Operating Cash Flows		Current quarter $A’000	Year to date $A’000
		- (971) - - (184) - 24 - - -	- (4,630) - - (653) - 178 - - -
		(1,131)	(5,105)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a)prospects (b)equity investments (c)other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (payments for security deposits/bonds) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		- - - - - 26 - - (39)	- - (185) - - 42 - - (43)
		(13)	(186)
		(1,144)	(5,291)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (broughtforward)	(1,144)	(5,291)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Interest and other costs of finance paid 1.19 Dividends paid 1.20 Share issue expenses 1.21 Other – reclassification of cash to environmental bonds Net financing cash flows	69 - - - - - - -	69 - - - - - (496) -
	69	(427)
Net (decrease)/increase in cash held 1.22 Cash at beginning of quarter/year to date 1.23 Exchange rate adjustments to item 1.22 1.24 Cash at end of quarter/year	(1,075) 3,720 -	(5,718) 8,363 -
	2,645	2,645

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.25 1.26	Aggregate amount of payments to the parties included in item 1 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		161
		-
1.27	Explanation necessaryforanunderstanding ofthe transactions
	Payment of Director and consulting fees to Directors and Director related entity.

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows None.

2.2	Details of outlays made by other entities to establish or increase their share in projects in whichthereporting entityhas an interest
	None.

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	-	-
	-	-

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation (i) 4.2 Development	$A’000
	1,770
	-
Total	1,770

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter	Current quarter	Previous quarter
(as shown in the consolidated statement of cash	$A’000	$A’000
flows) to the related items in the accounts is as
follows.
5.1 Cash on hand and at bank	645	720
5.2 Deposits at call	-	-
5.3 Bank overdraft	-	-
5.4 Term Deposits	2,000	3,000
Total: cash at end of quarter(item 1.24)	2,645	3,720

• See chapter 19 for defined terms.

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Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference		Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
	E04/1449 E04/1451 E09/1111 EL10121 EL24349 EL24373 EL24374 EL24402 EL24664 EL24700 EL24714 EL24778 EL24942 EL24943 EL24946 EL24996 EL24997 EL25070 EL25312 EL25328 EL25462 EL25590 EL25592 EL25647 EL26298 EL26361 EL25480 EL26481 EL26482 EL26486 EL26637		WA Exploration Licences Reduced block size Reduced block size Reduced block size NT Exploration Licences Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender Final Surrender	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%	100% 100% 100% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
	E52/2358 EL26908 EL26909 EL26953 SEL26831 SEL26833 SEL26835 SEL26836 SEL26837 SEL26938 SEL26939		WA Exploration Licences Granted NT Exploration Licences Granted Granted Granted NT Substitution ELs Granted Granted Granted Granted Granted Granted Granted	0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

• See chapter 19 for defined terms.

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Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

dates.
	Total number	Number quoted	Issue price per security (see note 3)		Amount paid up per security (see note 3)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through contributing shares paid upin full	82,844,965 12,480,979	82,844,965 12,480,979			Fully paid Partly paid to $0.0001cents
	110,000 202,000 202,000	110,000 202,000 202,000		$0.35 $0.15 $0.15	Fully paid Fully paid Partly paid to $0.0001 cents
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	1,060,000 1,420,000 3,000,000 6,000,000			Exercise price $0.35 $0.40 $0.50 $0.60; $0.80; $1.00		Expiry date 7 Feb 2011 8 Aug 2011 30 Sep 2011 12 Jul 2013
	110,000			$0.35		7 Feb 2011
7.11 Debentures (totals only)
7.12 Unsecured notes (totals only)

• See chapter 19 for defined terms.

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Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

2 This statement does give a true and fair view of the matters disclosed. Sign here: ............................................................ Date: 29 July 2009

(Company secretary)

Print name: JEAN MATHIE

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

• See chapter 19 for defined terms.

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