Sundance Resources Limited ('Sundance' or 'the Company') advised on 7 December 2020 that ASX had extended the date Sundance would be delisted to 8 March 2021 in the event Sundance was not able to demonstrate compliance with Chapter 12 of the Listing Rules.

Key to Sundance being able to meet the ASX requirements was for Sundance's subsidiary Congo Iron SA ('Congo Iron') to have a mining permit over the Nabeba iron ore project in the Republic of Congo ('Congo').

With the loss of the mining permit in Congo, as announced on 16 December 2020 and later updated on 21 December 2020, Sundance did not have any prospects of being able to satisfy the ASX requirements. The loss also meant the $132 million debt conversion agreed to between Sundance and its noteholders, was not able to proceed due to the material change in circumstances.

Therefore, in the circumstances, to reduce costs the Company requested the delisting to be brought forward to 21 December 2020.

As previously announced on 16 December 2020 Sundance issued Notices of Dispute and Expropriation against Congo and a notice of dispute against the Republic of Cameroon. Discussions with both countries continue and shareholders will be further updated as the situation evolves. The Board of Sundance wishesto advise shareholders on what the delisting of the Sundance shares means to them.

Status of Sundance

Sundance is now an unlisted disclosing entity and is required to fulfill all of the obligations of the Corporations Act including continuous disclosure obligations. All announcements will be made on the Company's website www.sundanceresources.com.au. Shareholders can also sign up for email alerts by following the prompts under the EMAIL ALERTS tab on the Sundance web site's home page.

Contact:

Tel: +61 8 9220 2300

Email: info@sundanceresources.com.au

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