SANDFIRE RESOURCES LIMITED — Share Issue/Capital Change 2014

Nov 4, 2014

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

5 November 2014

Company Announcements Office ASX Limited 2 The Esplanade Perth WA 6000

CANCELLATION OF UNLISTED OPTIONS

Sandfire Resources NL (ASX: SFR) advises that 850,000 unlisted employee options have been cancelled due to employees leaving and subsequently forfeiting their options under the terms and conditions of the Company’s Employee Share Option Plan (ESOP).

Details of the unlisted options which have been cancelled are as follows:

	ExercisePrice	Number
Unlisted options expiring 28 February 2016	$9.00$10.30$11.70	283,332283,333283,335850,000
The resulting capital structure of the Company is as follows:
Quoted securities		Number
Ordinary fully paid shares (SFR)		155,840,968
Unquoted securities
Options exercisable at $4.66 expiring 27 November 2014Options exercisable in two equal tranches at $5.44 and $6.22 expiring 27 November 2014Options 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		110,000620,00033,333133,333333,3351,466,6631,383,3321,300,0051,695,000

Yours faithfully

Matthew Fitzgerald

Joint Company Secretary