SANDFIRE RESOURCES LIMITED — Share Issue/Capital Change 2022

Nov 24, 2022

Announcement Summary

Entity name

SANDFIRE RESOURCES LIMITED

Date of this announcement

Friday November 25, 2022

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
New class - codeto be confirmed	Issue of unlisted Rights	171,806	24/11/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SANDFIRE RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type ABN

Registration number 55105154185

1.3 ASX issuer code SFR

1.4 The announcement is

New announcement

1.5 Date of this announcement

25/11/2022

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX

in an Appendix 3B

ASX +security code	+Security description
New class - code to be confirmed	Issue of unlisted Rights
+Security type	ISIN code
Other
	Date the +securities the subject of this notification were issued
24/11/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?Yes
Yes	Were any of the +securities issued to +key management personnel (KMP) or an +associate?
	Provide details of the KMP or +associates being issued +securities.
Name of KMP	Name of registered holder	Number of +securities
Jason Grace	Jason Grace	171,806

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer to announcement, 'Acting CEO Remuneration Arrangements' dated 25 November 2022 at https://www2.asx.com.au /markets/company/sfr.

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

See summary of the plan in SFR's Notice of 2020 Annual General Meeting: https://www.asx.com.au/asxpdf/20201023/pdf/ 44p19w2m0lr74v.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

171,806

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities ofthe entity will comprise:(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than oneapplication for quotation/issuance currently with ASX for processing.)
4.1 Quoted +Securities (Total number of each +class of +securities quoted)
ASX +security code and description	Total number of+securities on issue
SFR : ORDINARY FULLY PAID	410,181,608
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of

ASX +security code and description	+securities on issue
SFRAAA : ORDINARY FULLY PAID DEFERRED	46,611,547
SFRAX : OPTION EXPIRING 17-JUL-2026	3,256,346
SFRAB : OPTION EXPIRING 07-OCT-2027 EX NIL	555,606
New class - code to be confirmed : Issue of unlisted Rights	171,806

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

171,806
---------

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A