Sandfire Resources America Inc. announced that it has entered into a second variation agreement (the "Second Variation") to its bridge loan agreement, as amended (the "Bridge Loan") with Sandfire BC Holdings (Australia) Pty Ltd. ("Sandfire BC"), the Company's larger shareholder, and Tintina Montana Inc., a wholly-owned subsidiary of the Company ("Tintina Montana"). Pursuant to the Second Variation, the amount available to be borrowed under the Second Variation, Variation and Bridge Loan will be increased from an aggregate of up to USD 22.0 million to an aggregate of up to USD 32.0 million through one or more advances, and the latest maturity will be extended from June 30, 2023 to June 30, 2024, subject to the terms of the Second Variation and the Bridge Loan.