New Risk • Apr 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$21m free cash flow). Negative equity (-CA$56m). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Dec 17
Sandfire Resources America Inc. Announces Results of Updated Pre-Feasibility Study for the Johnny Lee Deposit and Updated Mineral Resource for the Lowry Deposit At the Black Butte Copper Project Sandfire Resources America Inc. announced its updated Mineral Resource and Reserve and the results of the Preliminary Feasibility Study Update (the "Study Update" or "PFS") for the Johnny Lee deposit at its Black Butte Copper Project in White Sulphur Springs, Montana, USA, pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Study Update relates to Mineral Resources and Reserves associated with the Johnny Lee copper deposit, the cornerstone deposit at the Black Butte Copper Project (the " Johnny Lee Deposit" or the "Project"). The Study Update economic analysis is based on the Johnny Lee Deposit Mineral Reserves and does not include theLow Deposit. The current study is an underground Pre-Feasibility Study for the Johnny Lee Deposit, building on the prior Preliminary Economic Assessment (PEA, 2013) and the subsequent Feasibility Study completed in 2020, which defined an initial Mineral Reserve for the Johnny Lee Deposit. The Study Update incorporates updated geological and structural models for the JL UCZ and JL LCZ, revised Mineral Resource and Mineral Reserve estimates, updated metallurgical test work and recovery models, integrated with systematic mineralogy and geometallurgical modelling, and updated capital and operating cost estimates and refining charges, using long-term copper price estimates of USD 4.70/lb. The Study Update mine plan and economic analysis are based only on the Johnny Lee Deposit MineralReserves. The Mineral Reserves identified in Table 1 comply with CIM definitions and standards for a NI 43- 101 technical report. Detailed information on mining, processing, metallurgical, and other relevant factors demonstrate, at the time of the Study Update, that economic extraction is feasible. The Study Update did not identify any mining, metallurgical, infrastructure or other relevant factors that may materially affect the estimates of the Mineral Reserves or potential production. All deposits have anomalous silver and cobalt mineralization; however, copper is the only economic product considered in the Study Update. Geotechnical data used for the Study Update includes information pre viously collected by Sandfire America, MD Engineering, and Mining Plus. This data includes drill core logging, QA/QC reviews, structural measurements, and laboratory rock-property testing. As part of the current study update, Entech completed a geotechnical assessment involving reviewing drill core from the JL UCZ, JL LCZ, and planned decline areas, and incorporating both historical logging and new detailed photo-logging undertaken by Entech. Structural data were validated during an Entech site visit and used to characterize the rock mass and assess conditions relevant to the mine design. A 3D geotechnical model was developed combining the logging data and geological models and was utilized for visualization of geotechnical databases, and data from the JL UCZ and the Company's own geotechnical databases, including a geotechnical database. The Company has a geotechnical database and geotechnical database, and is currently being used for the Study Update. Announcement • Sep 23
Sandfire Resources America Inc., Annual General Meeting, Nov 21, 2025 Sandfire Resources America Inc., Annual General Meeting, Nov 21, 2025. Location: british columbia, vancouver Canada 
