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Sandfire Resources America Inc. Board of Directors Member Change

White Sulphur Springs, Montana–August 29, 2019 – Sandfire Resources America Inc. (“Sandfire America” or the “Company”) announce that after five years of service, Mr. Bruce Hooper has resigned as a Director of the Company.

The Company thanks Mr. Hooper for his years of service and appreciates his many contributions to the Board during his tenure. Mr. Hooper served as the CEO of the Company from 2014 to 2016 and remained on the Board as a non-executive Director as a nominated representative of Sandfire Resources NL.

Sandfire America’s CEO and President, Mr. Rob Scargill stated, “Bruce has been an integral member of the dedicated team that has advanced the showcase Black Butte Copper project to the brink of being the first permitted copper mine in Montana in over a generation. We all thank him for his input and support over the last five years.”

Mr. Jason Grace is planned to replace Mr. Hooper on the Sandfire Resources America Inc. Board as a Sandfire Resources NL nominated non-executive member representative late in September 2019.

Mr. Grace, who will join Sandfire Resources NL as their Chief Operating Officer next month, is an experienced mining professional with more than 26 years of industry experience spanning Australia and the Asia-Pacific region with experiences ranging across multiple disciplines including general management, operational management, technical leadership, project/studies management, business improvement, mineral resource evaluation, mine planning and mine geology. Most recently, Mr. Grace was Executive General Manager – Iron Ore for the leading diversified mining services group Mineral Resources Limited (ASX: MIN), where he managed the group’s Australian iron ore business.

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, Director of Public Affairs & Corp. Sec.
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Completion of Draft EIS Comment Period Marks Another Key Step Forward for Black Butte Copper

60-day public comment period successfully completed, after which a summer Record of Decision (ROD) and Mine Operating Permit could be issued as early as Q3 of 2019

White Sulphur Springs, Montana – May 15, 2019 – Sandfire Resources America, Inc. (“Sandfire America” or the “Company”) is pleased to announce that the 60-day comment period for the Company’s Black Butte Copper Project Draft Environmental Impact Statement (“EIS”) has now closed.

The Draft EIS was prepared by an independent third-party environmental expert for the Montana Department of Environmental Quality (“MT DEQ”).

The comment period included three public meetings in Great Falls, Livingston and White Sulphur Springs, Montana as well as two webinars. A link to the Draft EIS can be found on our website, www.sandfireamerica.com, along with a link to our community presentation, which provides a detailed overview of the Project.

The next step in the MT DEQ’s process will be to respond to public comments and issue a final EIS. The MT DEQ can then issue a Record of Decision (ROD) that approves the application as submitted, approves the application with modifications, or denies the application if it does not meet the laws of the State of Montana. This could potentially occur as early as the September Quarter of 2019.

Commenting on the completion of the Draft EIS public comment period, Rob Scargill, CEO and VP Project Development, said:

“Public participation is a key element in making sure that a project of this importance, both economically and environmentally, is implemented to the highest caliber. We would like to thank those who took the time to comment on both sides of the issue, making this a robust process. We now look forward to the DEQ’s review of comments, followed by completion of the permitting process in the summer.”

The preparation of a Feasibility Study (FS) for Black Butte Copper Project is progressing with the recent finalization of the process flow sheets, reagents regime and geology wireframes for the Johnny Lee Upper and Lower Copper Zones.

The Black Butte Copper Project is a proposed to be a showcase underground mine, designed and engineered to provide economic opportunity to Central Montana while fully protecting Sheep Creek and Smith River Watershed.

 

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

CAUTIONARY NOTE

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the completion of the Feasibility Study, permitting timelines and the Company’s plans for advancing the Black Butte Copper Project and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, and that the results of exploration and development activities will be consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Release of Draft EIS Marks Another Key Milestone for Black Butte Copper Project, Montana

Triggers start of 60-day public comment period, after which a summer Record of Decision (ROD) and Mine Operating Permit could be issued

White Sulphur Springs, Montana – March 11, 2019 – Sandfire Resources America, Inc. (“Sandfire America” or the “Company”) is pleased to announce that the Montana Department of Environmental Quality (“MT DEQ”) has released the Draft Environmental Impact Statement (“EIS”) outlining the final permitting steps for its 100%-owned underground Black Butte Copper Project.

The Draft EIS will be open for public comment for a 60-day period commencing March 11, 2019 and completing May 10, 2019. A link to the Draft EIS can be found on our website, www.sandfireamerica.com, along with a link to our community presentation, which provides a detailed overview of the Project.

Following the Draft EIS public comment period, the MT DEQ will respond to comments and issue a final EIS. Then the MT DEQ can issue a Record of Decision (ROD) and Mine Operating Permit for the Black Butte Project, potentially as early as the Q3 of 2019.

The proposed showcase underground mine is designed to provide economic opportunity to Central Montana while fully protecting the Smith River Watershed.

The issuing of the Draft EIS is the result of three years and four  months of diligent effort by the Company, its consulting technical experts and the MT DEQ to prepare an appropriate design and permit to deliver a state-of-the-art, environmentally responsible mine development project.

The Company has also completed a DRAFT Montana Pollutant Discharge Elimination System, secured a Draft Air Quality Permit and a completed Hard Rock Mining Impact Plan – all required by the MT DEQ for incorporation in the final Record of Decision (ROD). A Section 404 Permit has also been issued in accordance with the Clean Water Act and is the only federal permit required in the permitting process for the Black Butte Copper Project.

The MT DEQ deemed Black Butte Project’s Mine Operating Permit Application (“MOP”) Complete and Compliant on August 14, 2017 and the Company received a Draft Operating Permit on September 19, 2017.

Commenting on the completion of the Draft EIS, Rob Scargill, CEO and VP Project Development, said:
“The completion of the Draft EIS represents another key step towards development of a state-of-the-art underground mining operation at Black Butte which will set new standards for mine developments globally.  We encourage all stakeholders to review the Draft EIS and see first-hand the level of care and diligence which has been applied to our project to ensure that it meets or exceeds Montana’s strict environmental standards. 

Jerry Zieg, Senior Vice President, said:

“We continue with our commitment to bringing this extraordinary project to fruition while protecting our pristine environment and providing economic opportunities for our local Meagher County community and the State of Montana. We have always remained focused on building a showcase underground mine that is operated safely and incorporates world-class environmental standards and world-leading technologies, followed by complete reclamation returning all lands back to their original uses.” 

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

CAUTIONARY NOTE

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the completion of the Feasibility Study, permitting timelines and the Company’s plans for advancing the Black Butte Copper Project and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, and that the results of exploration and development activities will be consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Black Butte Copper Project, Montana – Progress Report

Key Points:

  • 24-hole geotechnical drilling program set for completion by mid-March 2019.
  • Feasibility Study progressing well with work underway on updated Mineral Resource, mine design and maiden Ore Reserve; Feasibility Study targeted for completion by mid-year.
  • Draft EIS expected for public comment during March 2019.
  • Black Butte Copper Hard Rock Mining Impact Plan finalized and approved by Meagher County Commissioners.

White Sulphur Springs, Montana – February 28, 2019 – Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to advise that it continues to make positive progress on a number of fronts with activities related to its underground Black Butte Copper Project. 

The Company is on track to complete its 24-hole 2018-2019 Autumn/Winter drill program by mid-March 2019. This drilling program was designed to gather further geotechnical and hydrogeological data to support the Feasibility Study and to increase the level of geological confidence in the projected initial mining zones.

The drilling contractor, Ruen Drilling, has now reduced from three drill rigs to a single rig as the program nears completion and moves into the data analysis and modelling phase.

Initial work on the Black Butte Feasibility Study commenced in October 2018 and is progressing well with completion targeted for mid-2019. The Feasibility team includes GR Engineering Services as the lead consultant, with SRK Consulting overseeing the Mineral Resource preparation and Mining Plus conducting mine design and Mineral Reserve preparation.

The Company also continues to lay the groundwork for start-up construction of the decline portal pad and contact water pond upon receipt of a Mine Operating Permit from the Montana Department of Environmental Quality (MT DEQ).

The MT DEQ and third-party contractor, ERM, have now progressed into the final stages of the Environmental Impact Statement (EIS) and the Company expects the MT DEQ to present a draft EIS for public comment during March of 2019.  

A public comment period follows, after which, the MT DEQ can issue a Record of Decision (ROD) and Mine Operating Permit, potentially as early as the Q2 of 2019.  Following the ROD and completion of the feasibility study, The Company will make a construction decision with production potentially commencing late 2021.

As part of the permitting process, Sandfire America has completed the Black Butte Copper Hard Rock Mining Impact Plan, which has been finalized and approved by the Meagher County Commissioners. This unique Montana statute requires the Company to address all social and economic needs of the local community prior to mine start-up.  The Company has provided the plan to the Hard Rock Mining Impact Planning Board, which is appointed by the Governor for implementation of the plan.

The Company continues to engage positively with local communities and stakeholders throughout Montana. Monthly tours will recommence  in May and run through October. 

The Meagher County Stewardship Council, developed as a stakeholder oversight entity for the community and facilitated through the neutral third-party help of One Montana, has been commissioned and now meets each month with the Company.  The Company continues its practices of proactive local community involvement and development in the belief that these are an important cornerstone of responsible corporate citizenship.

CEO and VP of Project Development Rob Scargill stated: “The opportunity to build a showcase underground mine at the Black Butte Copper Project is now right around the corner. Sandfire America is gearing up for the project’s construction phase and we will be ready to responsibly push the project forward as soon as all approvals have been received. 

“This state-of-the-art project will bring tangible benefits to our local Meagher County Community, our surrounding neighbors in Montana and to our supportive and patient shareholders, while at the same time demonstrating how modern mining companies like Sandfire America can develop and operate environmentally responsible projects.”

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

CAUTIONARY NOTE
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the completion of the Feasibility Study, permitting timelines and the Company’s plans for advancing the Black Butte Copper Project and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, and that the results of exploration and development activities will be consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Black Butte Copper Permitting and Feasibility Update

White Sulphur Springs, Montana – November 9, 2018 – Sandfire Resources America Inc. (“Sandfire America”or the “Company”) is pleased to provide an update on permitting and feasibility activities relating to its underground Black Butte Copper Project.

Permitting of the Black Butte Project is continuing following a slight delay to the process which has arisen due to the Project being the first new copper mine in Montana required to meet a new statewide numeric standard for nitrogen during the growing season.

By working with the MT Department of Environmental Quality (MT DEQ) to meet these new requirements of the accompanying Montana Pollution Discharge Elimination System (MPDES) permit, the Company has chosen to enhance its project design to include a treated water reservoir. This enables the Company to meet these strict Montana non-degradation standards year-round.

This work has resulted in a minor delay due to the time needed to add additional information to the Environmental Impact Statement (EIS) for review.  The schedule for completing the draft EIS has now been extended to the Winter of 2019. The issuance of the Draft EIS will be followed by a public comment period.

Sandfire America’s CEO and VP of Project Development, Rob Scargill, stated: “While this slight delay in completing the draft EIS is disappointing, we now have significant momentum towards making the Black Butte underground copper mine a reality. The newly-incorporated enhancement further underlines the project’s credentials as a state-of-the-art, 21st century mine development.

“The synergy between the top shelf Feasibility Study team we have assembled, and our exceptional staff will continue driving this critical path. With the completion of this work, we can build an underground mine showcasing best practices that all involved will be proud of.”

Kick-off meetings for the Feasibility Study led by Denver-based GR Engineering Services Limited took place in White Sulphur Springs, MT November 5th and 6th.  Under GR Engineering Services Limited’s lead, Mining Plus Pty Ltd will prepare the Mineral Reserve Statement and SRK Consulting will prepare the Mineral Resource Statement.

A target completion date is scheduled for the June Quarter 2019. In order to augment the Feasibility Study, the Company’s Autumn 2018 drilling program commenced in the last week in October and is collecting additional data required for resource verification and geotechnical data.

On the political front, Montana voters defeated an anti-mining ballot initiative I-186 by an incredible margin.  VP of Communications, Nancy Schlepp, shared: “This is a vote of confidence for mining and for our project. Montanans declared that mining continues to be an important element of a healthy economic/environmental balance.”

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

CAUTIONARY NOTE

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information”within the meaning of Canadian securities legislation, including statements regarding the completion of the Feasibility Study, permitting timelines and the Company’s plans for advancing the Black Butte Copper Project and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, and that the results of exploration and development activities will be consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Sandfire Resources America Inc. Closes Its Oversubscribed Rights Offering

Vancouver, British Columbia – October 31, 2018 – Sandfire Resources America Inc. (TSX.V: “SFR”; OTCQB: “SRAFF”) (“Sandfire America” or the “Company”) is pleased to announce that it has closed its oversubscribed rights offering, issuing 314,551,166 common shares of the Company for gross proceeds of C$18,873,070 (the “Rights Offering“), representing 100% of the total rights offered.

In total, 251,143,277 common shares issued in the Rights Offering were distributed under basic subscription privileges, of which 245,552,064 were distributed to insiders of the Company and 5,591,213 were distributed to non-insiders. 63,407,889 common shares were issued under additional subscription privileges, 62,129,312 of which were distributed to insiders of the Company and 1,278,577 were distributed to non-insiders.  To the knowledge of the Company, no person became an insider as a result of the Rights Offering.

The Company’s largest shareholder, Sandfire BC Holdings Inc. (“Sandfire BC”), fully exercised its basic subscription privilege to purchase its pro rata share of the common shares offered, being 245,552,064 common shares, and also purchased an additional 62,129,312 common shares through the exercise of its additional subscription privilege, for a total subscription of 307,681,376 common shares.

Upon completion of the Rights Offering, the total number of issued and outstanding common shares of the Company is now 817,833,031. Sandfire BC now owns 85.66% of the Company’s issued and outstanding common shares. The Company did not pay any fees or commissions in connection with the distribution of securities in the Rights Offering.

The Company intends to use the net proceeds of the rights offering to further advance the Black Butte Copper project and for general working capital purposes. Further details of the Rights Offering are contained in the Company’s rights offering circular, which has been filed on SEDAR under the Company’s profile at www.sedar.com.

Rob Scargill stated, “The Company would like to thank all of our shareholders for their continued support of the underground Black Butte Copper project as we move into the next stage of development, which includes a fall drilling program and Feasibility Study.”

This news release shall not constitute an offer to sell or solicitation of an offer to buy the securities of the Company. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the laws of any such jurisdiction.

About Sandfire Resources America Inc.

Sandfire Resources America Inc. is a growth company focused on the exploration, development, and mining of its 100% American company Tintina Montana Inc. and it’s flagship property, the underground Black Butte Copper project in central Montana, USA.  The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

Cautionary statement regarding forwardlooking information

Certain disclosures in this release constitute “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including, without limitation, statements regarding the Company’s plans for advancing the Black Butte Copper Project (including plans to complete permitting), the intended use of proceeds of the Rights Offering, resource estimates and expected outcomes. In making the forward-looking statements in this news release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company’s permitting will proceed as expected; that the results of exploration and development activities are consistent with management’s expectations and that the assumptions underlying mineral resource estimates are valid.  However, the forward-looking statements in this news release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including without limitation: the results of exploration and development activities will not be consistent with management’s expectations, the risk of unexpected variations in mineral resources, grade or recovery rates, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine.  There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Sandfire Resources America Inc. Provides Update on Rights Offering

Vancouver, British Columbia – October 23, 2018 – Sandfire Resources America Inc. (TSX.V: "SFR"; OTCQB: "SRAFF") ("Sandfire" or the "Company") advises that the Canadian Union of Postal Workers commenced rotating strikes on Monday, October 22, 2018 and the rotating strikes are ongoing.

Registered shareholders who wish to exercise the rights issued pursuant to the Company’s rights offering announced on September 19, 2018 must ensure that the completed rights certificate, together with the applicable funds, are received by Computershare Investor Services Inc., on or before 2:00 p.m. (Vancouver time) on October 30, 2018.

Given the mail disruption, registered shareholders are encouraged to return their completed rights certificate and applicable funds by courier to Computershare Investor Services Inc., located at 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1. Non-registered shareholders are advised to contact their broker at the earliest opportunity.

Further details of the rights offering are contained in the Company’s rights offering Circular, which was filed on SEDAR on September 19, 2018 under the Company’s profile at www.sedar.com.

This news release shall not constitute an offer to sell or solicitation of an offer to buy the securities of the Company. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the laws of any such jurisdiction.

Business Update

Following receipt of the relevant approvals from the Montana Department of Environmental Quality, Sandfire’s wholly owned US subsidiary, Tintina Montana Inc., has mobilized Ruen Drilling Inc. crews to conduct an Autumn/Winter drill program to support the Black Butte underground copper project feasibility study.  Feasibility study work, led by GR Engineering Services Limited, will continue through October with the bulk of the work commencing in November and a target completion date of the June Quarter 2019.  

The Company is aware that a complaint has been filed with the Federal Election Commission (“FEC”) regarding donations made by Tintina Montana Inc. to the Montana Mining Association to oppose, jointly with other Montana mining companies, Citizen’s Initiative I-186 in Montana.  The Company understands that the FEC is reviewing the complaint for completeness prior to making a decision on a procedural investigation.  The Company believes that there is no merit to the complaint and intends to vigorously defend itself should the FEC proceed to an investigation.

About Sandfire Resources America Inc.

Sandfire Resources America Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA.  The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP Communications & Corp. Sec.
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com


Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the feasibility study, timelines, the Company’s plans for advancing the Black Butte Copper Project, the FEC complaint and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, and that the results of exploration and development activities will be consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Black Butte Copper Progress Update

White Sulphur Springs, Montana– July 25, 2018 –Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to provide the following update on activities at the Black Butte Copper underground project in Montana.

Metallurgical Drilling and Test Work

The 2018 Spring drilling program focused on recovering mineralized core for further metallurgical test work.  16 large-diameter (114 mm diameter) diamond drill holes dispersed throughout the Upper Copper Zone (“UCZ”) of the Johnny Lee deposit provided representative samples for metallurgical testing. These holes also delivered further clarification of the geology within the UCZ.

A total of 2,011 kilograms of mineralized core has been prepared for metallurgical testing at Base Metallurgical Laboratories (“BML”) in Kamloops, British Columbia.  BML are world-wide recognized experts in base metal froth flotation recovery testing.  The results of this test work will support the design of the proposed process flow sheet for the processing plant which is an integral component of the Bankable Feasibility Study, and will allow modelling of recoverable copper within the mineralized zones to optimize scheduling.

Two additional diamond drill holes pierced the Lower Copper Zone (“LCZ”) of the Johnny Lee deposit and improved knowledge of this zone.

An additional three diamond drill holes were completed outside the known mineralized zones to investigate areas of planned future facilities.

See Table 1. below for results from drill intersections through the UCZ and LCZ and associated drill hole locations on Maps 1 and 2.

Table 1. Black Butte Copper 2018 Spring Drilling Program Intersections of the Johnny Lee Deposit

Hole ID From
(m)
To
(m)
Length (m) Cu Co Ag g/t    
SC18-207 63.24 70.64 7.40 2.21% 0.14% 14.3 UCZ
SC18-209 83.48 89.66 6.18 1.52% 0.07% 7.7 UCZ
and 102.29 109.60 7.31 4.38% 0.13% 8.0 UCZ
SC18-211 118.24 147.42 29.18 2.23% 0.08% 14.2 UCZ
SC18-212 121.22 135.16 13.94 1.94% 0.08% 14.6 UCZ
SC18-213 132.73 139.00 6.27 1.57% 0.08% 18.3 UCZ
and 142.88 146.75 3.87 1.83% 0.04% 16.5 UCZ
SC18-214 156.70 160.29 3.59 2.50% 0.11% 23.2 UCZ
SC18-215 56.50 58.77 5.99 2.74% 0.08% 11.4 UCZ
SC18-216 UCZ Abandoned
SC18-217 119.70 132.13 12.43 3.26% 0.19% 12.4 UCZ
SC18-218 49.17 56.93 7.76 0.98% 0.11% 26.5 UCZ Intercept compromised by poor core recovery
SC18-219 74.03 85.05 11.02 2.34% 0.14% 8.6 UCZ
SC18-220 121.58 126.80 5.22 2.29% 0.13% 21.3 UCZ
SC18-221 101.35 109.79 8.44 1.96% 0.07% 7.3 UCZ
SC18-222 90.40 103.74 13.34 1.95% 0.05% 19.1 UCZ
SC18-224 119.48 131.98 12.50 2.78% 0.11% 11.1 UCZ
SC18-225 No significant mineralization intercepted UCZ
SC18-226 55.70 66.10 10.40 2.07% 0.10% 17.7 UCZ
SC18-223 424.02 425.67 1.65 12.10% 0.05% 13.1 LCZ
SC18-227 422.06 423.68 1.62 9.42% 0.13% 20.2 LCZ

*UCZ intercept calculations included a minimum of 3.0 metres above 1.5 % cutoff grade, with maximum of 5.0 metres internal waste.
*LCZ intercept calculations included a minimum of 1.5 metres above 1.5 % cutoff grade, with maximum of 1.5 metres internal waste.

Drilling in the Upper Copper Zone was conducted sampling PQ-sized core. Drilling in the Lower Copper Zone was conducted collecting HQ3-sized core. Drill holes were oriented with dips varying between vertical (-90) to -55 degrees in relatively flat-lying to slightly dipping mineral zones. Intercepts may be slightly longer than true thickness.

All Upper Copper Zone (UCZ) mineralized zones were sampled whole and delivered to Base Metallurgical Labs (BML) in Kamloops BC for processing.  BML crushed the entire sample to 85% passing 2mm then split off 1kg, which was ground to 85% passing 75 micron and delivered to ALS Global Labs in Vancouver BC. ALS Global wet-sieved the split to insure grinding passed specifications and then assayed for gold by fire assay with AA finish. Base metals were analyzed using a 4-acid digestion and ICP-AES analysis. Various other trace and major elements were also analyzed utilizing ICP and XRF procedures. Sandfire America utilized a QA/QC protocol which included inserting Certified Reference Materials (CRM) on a minimum of 1 CRM in 20 samples insertion rate.  ALS Global included assays of duplicates, standards, and blanks for QA/QC purposes.

All Lower Copper Zone samples were taken from ½ splits of the HQ3 core and shipped directly to ALS Global Lab in Reno NV. The samples were crushed to 85% passing 2mm size, split down and then ground to 85% passing 75 micron size. These pulps were then assayed utilizing same processes and procedures as described above for the UCZ samples. The same QA/QC procedures were utilized as well.

ALS Global labs are accredited to ISO/IEC 170205:2017 methods for North America

 

Bankable Feasibility Study (“BFS”)

Preparations are well advanced for the Black Butte Copper underground project BFS.  In addition to the metallurgical work discussed above, the Company has contracted SRK Consulting to complete a review of the structural geology of the property, utilizing historic data and new stratigraphic modeling completed by the in-house geological team.    Combined with the existing resource modelling, this work will provide the basis for the initial underground design work.

Other packets of work for the BFS are being prepared for issuance for tender with a target completion date of the June Quarter 2019.

Permitting Progress

Preparation of the Environmental Impact Study (“EIS”) under the watchful eye of the Montana Department of Environmental Quality (“DEQ”) is progressing.  A draft EIS may be available for public comment in the fall of 2018.

The draft air permit was issued by the DEQ in June and will be incorporated into the EIS.  In May, the Company received notification from DEQ that its MPDES (Montana Pollutant Discharge Elimination System) water quality permit application has no further deficiencies.

Corporate Activities

In June, the Company completed a simplification restructuring removing two unnecessary subsidiaries and, in the process, released US$1.15 million of restricted funds.  Following the simplification, the Company now has one wholly owned subsidiary, Tintina Montana Inc, which in turn wholly owns the Black Butte Copper underground project.

Management is currently considering a Rights Issue to fund ongoing permitting costs, the BFS and future drilling activities.

Interim CEO and VP of Project Development Rob Scargill stated, “The Company is pleased to see the Black Butte Copper underground project progressing in such a consistently positive direction.  We look forward to reaching the construction phase of this project and implementing our vision, which is consistent with our community’s stewardship council’s vision, of a project that has a net positive effect economically, socially, and environmentally.”

QUALIFIED PERSON
Jerry Zieg, Vice President of Exploration for the Company, is a Qualified Person for the purposes of NI 43-101 and has  reviewed, verified, and approved the data disclosed and information of a scientific or technical nature contained in this news release.

 

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

CAUTIONARY NOTE

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the completion of the BFS, permitting timelines and the Company’s plans for advancing the Black Butte Copper Project and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Sandfire Resources America Announces appointment of Vice President of Project Development and provides Black Butte Copper Project Update

White Sulphur Springs, Montana – June 6, 2018 – Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to announce the appointment of Robert Scargill as Vice President – Project Development and as a Director of Sandfire America.

Mr. Scargill is an internationally experienced mining engineer responsible for the development and operation of a number of underground mines. Most recently, Mr. Scargill was the Chief Executive Officer of LeadFX Inc., a Canadian based company with projects in Western Australia and Utah. Mr. Scargill holds a Bachelor of Engineering (Honors) Degree from the University of Nottingham, United Kingdom, and a Graduate Diploma of Management from the University of Central Queensland, Australia. Rob will be responsible for the development of a Bankable Feasibility Study for the Black Butte Copper Project and full development of the portal and decline once all regulatory approvals are in place.

The Company is also pleased to provide an update on permitting of the Black Butte Copper Project in Central Montana. The Company was recently issued a draft Air Quality permit and has received notification that its MPDES (Montana Pollutant Discharge Elimination System) permit has been deemed Complete & Compliant by the Montana Department of Environmental Quality. The draft Air Quality permit is subject to a 30 day comment period ending July 5th and a draft MPDES permit is expected to be included in the draft EIS which will be released in the coming months.

The Black Butte Project’s Mine Operating Permit Application (“MOP”) was deemed Complete and Compliant on August 14, 2017 and the Company received a Draft Mine Operating Permit on September 19, 2017. The proposed underground mine is designed to provide economic opportunity to Central Montana while fully protecting the surrounding environment along Sheep Creek. A summary of the MOP can be found on our website www.sandfireamerica.com in the transparency library along with a 3D animation of the planned project showing what the site will look like before development, during mining operations, and being returned to agricultural use after reclamation.

John Shanahan, CEO stated, “We welcome Rob as a valued member of the management team and as a director to our board. We continue to move this extraordinary project forward and remain fully committed to operating in a safe and environmentally sound way that will protect our pristine environment while providing new economic opportunities for Meagher County and the state of Montana.”

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of  Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com


Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the Company’s proposed name change and plans for advancing the Black Butte Copper Project, and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals for the proposed name change, that the Company will continue to be able to access sufficient funding to execute its plans, that the Company’s plans for tailings and water management will be implemented as expected and will have the intended benefits and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that the Company will not receive required regulatory approvals for the proposed name change when expected or at all, that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Tintina Announces Meeting Results and provides Black Butte Copper Project Update

White Sulphur Springs, Montana– December 12, 2017 – Tintina Resources, Inc. (“Tintina” or the “Company”) is pleased to announce that the five director nominees listed in the Company’s management information circular dated November 23, 2017 were elected at the annual general meeting of shareholders held on December 11, 2017. The shareholders approved all other matters as proposed.

The Company is also pleased to provide an update on the final stages of permitting of the Black Butte Copper Project in Central Montana. The Scoping Period for the Environmental Impact Statement (“EIS”) concluded on November 16, 2017. The tentative schedule moving forward includes a Draft EIS from the Montana DEQ (“MDEQ”) in the second quarter of 2018 followed by a public comment period, and a Final EIS mid-year followed by a Record of Decision during the fourth quarter of 2018.

In addition to the EIS, the Company is required to obtain a number of ancillary permits which will be incorporated into the Final EIS and Record of Decision. To date, the Company has received a 301 Permit from the Meagher County Conservation District, 318 and 401 Permits from the MDEQ, and a 404 Permit from the United States Army Corp of Engineers. The small area impacted under the 404 Permit is 0.85 acres of wetlands and 696 linear feet of stream channel which will be mitigated through a pre-certified In-Lieu Fee Program. The 404 Permit has been issued in accordance with the Clean Water Act and is the only federal permit required in the permitting process for the Black Butte Copper Project.

Other permits required from the MDEQ, which are currently in process, are a Montana Pollutant Discharge Elimination System and an Air Quality Permit. These permits are expected to be in place prior to a Final EIS being issued.

The Black Butte Project’s Mine Operating Permit Application (“MOP”) was deemed Complete and Compliant on August 14th and the Company received a Draft Operating Permit on September 19, 2017. The proposed underground mine is designed to provide economic opportunity to Central Montana while fully protecting the Smith River Watershed. A summary of the MOP can be found on our website www.tintinaresources.com in the transparency library along with a 3D animation of the planned project showing what the site will look like before and during mining operations as well as after reclamation.

John Shanahan, CEO stated, “We are fully committed to bringing this extraordinary project to fruition in an environmentally sound way that will protect our pristine environment while providing new economic opportunities for Meagher County and the state of Montana. Our focus remains equally centered on the world class development, safe operation, and eventual closure and complete reclamation of this project”

Contact Information:

Tintina Resources Inc.

Nancy Schlepp, Director of Public Affairs

Mobile: 406-224-8180

Office: 406-547-3466

Email: nschlepp@tintinaresources.com

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the Company’s plans for advancing the Black Butte Copper Project, including plans for tailings and water management and the MOP application and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company’s plans for tailings and water management will be implemented as expected and will have the intended benefits and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors relating to Tintina’s operation as a mineral exploration and development company and the Black Butte Copper Project that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Tintina does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Certain disclosures in this document constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation.