Name of entity

Sundance Resources Limited

ABN

19 055 719 394

1

+Class of +securities issued or to be issued

Performance Rights lapsed

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

1,015,961

3

Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid

+securities, the amount outstanding and due dates for payment; if

+convertible securities, the conversion price and dates for conversion)

1,015,961 Performance Rights lapsed 31 December

2015

4

Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted

+securities?

If the additional +securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

N/A

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

5

Issue price or consideration

N/A

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

N/A

6a

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

N/A

6b

The date the security holder resolution under rule 7.1A was passed

N/A

6c

Number of +securities issued without security holder approval under rule 7.1

N/A

6d

Number of +securities issued with security holder approval under rule 7.1A

N/A

6e

Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

N/A

6f

Number of +securities issued under an exception in rule 7.2

N/A

6g

If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

+issue date and both values. Include the source of the VWAP calculation.

N/A

6h

If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

N/A

6i

Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

N/A

7

+Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

N/A

Number

+Class

8

Number and +class of all +securities quoted on ASX (including the

+securities in section 2 if applicable)

3,302,558,630

Fully paid ordinary shares

Number

+Class

9

Number and +class of all +securities not quoted on ASX (including the

+securities in section 2 if applicable)

260,000,000

200,000,000

260,000,000

…………………..

720,000,000

1,080,769

6,890,652

9,715,686

2,000,000

19,687,107

2,500,000

200,000

240,000

400,000

70,000

3,410,000

UNLISTED OPTIONS

Investor Consortium Options exercisable at $0.07

Noble Options exercisable at

$0.07

Wafin Options exercisable at

$0.07 cents

PERFORMANCE RIGHTS

2013 LTI

2013 Retention Plan

2014 LTI

Employment contract

CONVERTIBLE NOTES

Hanlong Noble

Investor Consortium Wafin

2015 Investor Group

10

Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

N/A

11

Is security holder approval required?

N/A

12

Is the issue renounceable or non- renounceable?

N/A

13

Ratio in which the +securities will be offered

N/A

14

+Class of +securities to which the offer relates

N/A

15

+Record date to determine entitlements

N/A

16

Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

N/A

17

Policy for deciding entitlements in relation to fractions

N/A

18

Names of countries in which the entity has security holders who will not be sent new offer documents

Note: Security holders must be told how their entitlements are to be dealt with.

Cross reference: rule 7.7.

N/A

19

Closing date for receipt of acceptances or renunciations

N/A

20

Names of any underwriters

N/A

21

Amount of any underwriting fee or commission

N/A

22

Names of any brokers to the issue

N/A

23

Fee or commission payable to the broker to the issue

N/A

24

Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders

N/A

25

If the issue is contingent on security holders' approval, the date of the meeting

N/A

26

Date entitlement and acceptance form and offer documents will be sent to persons entitled

N/A