| COVER | 1 |
| ABOUT SUNDANCE RESOURCES | 3 |
| BOARD OF DIRECTORS | 4 |
| THE MBALAM-NABEBAIRON ORE PROJECT | 6 |
| HIGHLIGHTS 2013/14 | 8 |
| CHAIRMAN’S ADDRESS | 9 |
| MANAGING DIRECTOR’S REPORT | 10 |
| OVERVIEW OF OPERATIONS | 11 |
| OFF-TAKE AGREEMENT WITH NOBLE RESOURCES | 11 |
| SIGNING OF THE NABEBA MINING CONVENTION, REPUBLIC OF CONGO | 12 |
| PORT AND RAIL CONCESSION AGREEMENTS, CAMEROON | 13 |
| PORT AND RAIL EPC | 14 |
| MINE PLANTS & ASSOCIATED INFRASTRUCTURE | 15 |
| MINING CONTRACTOR | 15 |
| PRELIMINARY SITE WORKS | 16 |
| SINTERING TEST WORK | 16 |
| PROJECT FINANCING | 17 |
| RESERVES AND RESOURCES - HIGHGRADE HEMATITE | 18 |
| MINERAL RESOURCES – ITABIRITE | 20 |
| EXPLORATION TARGETS | 21 |
| HEALTH AND SAFETY | 23 |
| COMMUNITY AND SUSTAINABILITY | 24 |
| PEOPLE AND DIVERSITY | 26 |
| CORPORATE | 27 |
| COMPETENT PERSONS STATEMENT | 28 |
| DETAILS OF TENEMENTS | 29 |
| FINANCIAL REPORT 2014 | 30 |
| DIRECTORS’ REPORT | 32 |
| AUDITOR’S INDEPENDENCE DECLARATION | 58 |
| DIRECTORS’ DECLARATION | 59 |
| CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME | 60 |
| CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 61 |
| CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 62 |
| CONSOLIDATED STATEMENT OF CASH FLOWS | 63 |
| NOTES TO THE FINANCIAL STATEMENTS | 65 |
| NOTE 1. GENERAL INFORMATION | 65 |
| NOTE 2. SIGNIFICANT CHANGES IN THE CURRENT REPORTING PERIOD | 66 |
| NOTE 3. OTHER INCOME | 66 |
| NOTE 4. EXPENSES | 67 |
| NOTE 5. SEGMENT INFORMATION | 68 |
| NOTE 6. FINANCIAL ASSETS AND FINANCIAL LIABILITIES | 70 |
| NOTE 7. NON-FINANCIAL ASSETS AND LIABILITIES | 75 |
| NOTE 8. EQUITY | 79 |
| NOTE 9. CASH FLOW INFORMATION | 81 |
| NOTE 10. INCOME TAX | 82 |
| NOTE 11. FINANCIAL RISK MANAGMENT | 83 |
| NOTE 12. CONTROLLED ENTITIES | 87 |
| NOTE 13. CONTINGENT LIABILITIES | 88 |
| NOTE 14. CAPITAL AND LEASING COMMITMENTS | 89 |
| NOTE 15. EXPENDITURE COMMITMENTS | 90 |
| NOTE 16. EVENTS OCCURING AFTER THE REPORTING PERIOD | 90 |
| NOTE 17. RELATED PARTY TRANSACTIONS | 91 |
| NOTE 18. SHARE BASED PAYMENTS | 92 |
| NOTE 19. KEY MANAGEMENT PERSONNEL REMUNERATION | 94 |
| NOTE 20. AUDITORS REMUNERATION | 94 |
| NOTE 21. LOSS PER SHARE | 95 |
| NOTE 22. DIVIDENDS | 95 |
| NOTE 23. PARENT ENTITY FINANCIAL INFORMATION | 96 |
| NOTE 24. SIGNIFICANT ACCOUNTING POLICIES | 96 |
| INDEPENDENT AUDITOR’S REPORT | 103 |
| ADDITIONAL INFORMATION | 105 |
| CORPORATE DIRECTORY | 107 |