Sandfire (ASX:SFR) Builds Strategic Alliance with Korea's LS-Nikko

  Sydney, Australia, July 23, 2010 - (ABN Newswire) - Sandfire Resources Nl (ASX:SFR) said it has concluded an agreement with Korean-based LS-Nikko Copper Inc., the world's third largest copper smelter, encompassing a strategic alliance, sales arrangements for future production and a A & #36;93.9 million share placement.Under the agreement, LS-Nikko will acquire 12.5 per cent strategic holding in Sandfire through the issue of 18.7 million shares at A & #36;5.  

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