SANDFIRE RESOURCES LIMITED — Share Issue/Capital Change 2014

Dec 2, 2014

==> picture [593 x 85] intentionally omitted <==

3 December 2014

Company Announcements Office ASX Limited 2 The Esplanade Perth WA 6000

LAPSE OF UNLISTED OPTIONS

Sandfire Resources NL (ASX: SFR) advises that the following unlisted options have lapsed:

Number ofoptions	Date of lapse	ExercisePrice	Date of issue	Expiry date
310,000310,000	27 November 201427 November 2014	$5.44$6.22	27 November 200927 November 2009	27 November 201427 November 2014

The resulting capital structure of the Company is as follows:

Quoted securities	Number
Ordinary fully paid shares (SFR)	155,950,968
Unquoted securities
Options exercisable at $3.80 expiring 15 June 2015Options exercisable at $4.40 expiring 15 June 2015Options exercisable at $5.00 expiring 15 June 2015Options exercisable at $9.00 expiring 28 February 2016Options exercisable at $10.30 expiring 28 February 2016Options exercisable at $11.70 expiring 28 February 2016Options exercisable in three equal tranches at $7.60; $8.80 and $10.00 expiring 15 July 2018	33,333133,333333,3351,466,6631,383,3321,300,0051,695,000

Yours faithfully

Matthew Fitzgerald

Joint Company Secretary