Registration of Scheme Booklet

22 August 2019

MOD Resources Limited

("MOD" or the "Company")

Registration of Scheme Booklet

(including Notice of Scheme Meeting and Proxy Form)

MOD Resources Ltd ("the Company" or "MOD") (ASX/LSE: MOD) is pleased to confirm that the scheme booklet ("Scheme Booklet") in relation to the proposal from Sandfire Resources NL ("Sandfire") (ASX:SFR) to acquire 100% of MOD Shares by way of a Scheme of Arrangement ("the Scheme") was registered on 21 August 2019 with the Australian Securities and Investments Commission.

The Scheme Booklet, which also contains the notice of scheme meeting, will be dispatched to MOD shareholders on or around Tuesday, 27 August 2019. A copy of the Scheme Booklet is available on the Company's website at https://www.modresources.com.au/mod-resources-scheme-booklet.

A copy of the Scheme Booklet has been submitted to the National Storage Mechanism and will be available for inspection (subject to securities laws) at www.morningstar.co.uk/uk/NSM.

MOD shareholders should carefully read the Scheme Booklet in its entirety and the material accompanying it before deciding whether to vote in favour of the Scheme.

If you require further information or have questions in relation to the Scheme, please contact the MOD Shareholder Information Line on 1300 381 073 (within Australia) or +61 3 9415 4046 (outside Australia) Monday to Friday between 8:30am and 5:00pm (Melbourne time).

For and on behalf of the Board.

Julian Hanna Mark Clements

Managing Director Executive Chairman and Company Secretary

Jeff Sansom Jos Simson / Emily Fenton (UK PR & IR)

Investor Relations Tavistock

+61 9322 8233 +44 207 920 3150

[email protected] [email protected] 

Subscribe at: www.modresources.com.au

About MOD Resources

MOD Resources Ltd (ASX/LSE: MOD) is a dual listed copper exploration and development company with a dominant land position within the Kalahari Copper Belt in Botswana. The Company is focussed on the 100% MOD owned T3 Copper Project, expected to be a high-margin, low-cost copper mine. In parallel with the development of the T3 Copper Project, MOD continues its exploration program across several priority drill targets and within untested areas of interesting and potentially significant Electromagnetic and Cu-Zn soil anomalies.

MOD has a social licence to operate within Botswana as well as within the host community of Ghanzi. MOD will continue to work collaboratively with Government regulators and members of the Ghanzi District community to ensure that any social investments and developments are targeted to create a positive and lasting legacy.