Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Sandfire Resources NL — Investor Presentation (September 2008)
39 slides from Sandfire Resources's investor presentation, Sep 15, 2008
Slide 1: Sydney Presentation September 2008
For personal use only Sandfire Resources was listed on the ASX in March 2004 and is continuing to evaluate current projects and pursuing new opportunities that fit with the strategy of identifying and evaluating greenfields exploration concepts. Sydney Presentation September 2008
Slide 2: Objectives
Objectives For personal use only • CREATE Superior Shareholder Value by finding and developing mineral resources. • DISCOVER world-class lead/zinc deposits in Northern Territory of Australia. • DISCOVER world-class manganese deposit in Northern Territory of Australia. • INDENTIFY lead/zinc at Sandfi
Slide 3: History
History For personal use only • Sandfire is a culmination of +20 years prospecting by well known prospector/geologist – Graeme Hutton (deceased). • Hutton associated with many large base metal, gold and diamond discoveries during his lifetime. • Hutton, Kennedy (Chairman) and Simich (director) found
Slide 4: Strategic Positions and Assets
Strategic Positions and Assets For personal use only NORTHERN TERRITORY • 3,000km2 land holding. • Significant potential for world-class, large scale lead/zinc and manganese deposits. • Proximal to Xstrata’s HYC lead/zinc mine - +/- $100 billion in situ value. • Proximal to Groote Eylandt manganese
Slide 5: Timing, Process & Funding
Timing, Process & Funding For personal use only • Immediate opportunity now exists prior to major exploration programs which could significantly change Sandfire’s value proposition. • Major programs commencing in second quarter of 2008 on lead/zinc, manganese, iron ore and gold. • Exploration progra
Slide 6: Borroloola Project: Base Metals, Manganese and Diamonds
For personal use only Borroloola Project Base Metals, Manganese and Diamonds
Slide 7: Borroloola Project Location — Manganese, Lead/Zinc & Diamonds
Borroloola Project Location — Manganese, Lead/Zinc & Diamonds For personal use only Sandfire holds 13,400 sq kms of Proterozoic stratigaphy in the Batten Fault Zone.
Slide 8: Borroloola Project — Zinc & Lead
Borroloola Project — Zinc & Lead For personal use only • The Borroloola Project represents some of the most prospective ground for giant SEDEX base-metal deposits in the world. • HYC (McArthur River Mine), the world’s second largest zinc and lead SEDEX deposit, lies to south. • Massive and unique te
Slide 9: Borroloola Project — Zinc & Lead
Borroloola Project — Zinc & Lead For personal use only • Detailed review of historical exploration data including up to 88,000 m of drilling has been completed. • Sandfire has reprocessed 12,000 line km of historic airborne EM and collected, processed and interpreted 4,300 km of new data. • This wor
Slide 10: Borroloola Project — Zinc & Lead
Borroloola Project — Zinc & Lead For personal use only • For deep targets Sandfire has focused on new tools including airborne electromagnetic survey data and sophisticated processing and presentation. • During 2008 Sandfire flew a VTEM survey (the deepest penetrating highest resolution technique cu
Slide 11: Inversion of airborne electromagnetic data
Borroloola Project — Zinc & Lead Inversion of airborne electromagnetic data For personal use only Early time EM response Late time EM response Conductivity depth Shallow conductor Shallow weathering section image (CDI) Deep conductor
Slide 12: Borroloola Project — Zinc & Lead
Borroloola Project — Zinc & Lead For personal use only • Since the last significant phase of lead/zinc exploration in the Batten Fault Zone, AEM systems and in particular processing and imaging of data has been revolutionised. • This is one of the most significant advances in exploration over the la
Slide 13: Drilling Program 2008 — Yalco and Warramana Prospects
Drilling Program 2008 — Yalco and Warramana Prospects For personal use only Warramana Bouguer Gravity Image Structural Interpretation and proposed drill targets 2008 drill program.
Slide 14: Drilling Program 2008 — Yalco and Warramana Prospects
Drilling Program 2008 — Yalco and Warramana Prospects For personal use only Yalco Warramana • Targets selected based on AEM, • Targets selected based on geology, geology and gravity survey data. gravity survey and AEM data. • Target stratigaphy HYC Member of • Target stratigaphy HYC Member of Barney
Slide 15: Borroloola Project — Manganese
Borroloola Project — Manganese For personal use only • Significant prospectivity for the discovery of onshore manganese deposits in the Northern Territory. • The western and south-western margins of the Carpentaria Basin and Gulf of Carpentaria are highly prospective for Groote Eylandt- style mangan
Slide 16: Borroloola Project — Manganese
Borroloola Project — Manganese For personal use only • Groote Eylandt manganese deposits formed in shallow marine environments. The ore body is a flat-lying sheet near the basement Cretaceous contact. • Groote Eylandt produces approximately 1.6 million tonnes of high grade manganese ore per year. •
Slide 17: Borroloola Project — Manganese
Borroloola Project — Manganese For personal use only • Known deposits include Brumby, L4, Yiyintyi, and South Rosie Creek. • At Rosie Creek mineralisation occurs at the base of the Cretaceous on the unconformity with the underlying sandstone. • South Rosie Creek contains an estimated 4.5-5.5Mt @ 25%
Slide 18: Borroloola Project — Manganese
Borroloola Project — Manganese For personal use only
Slide 19: Western Australian Projects
Western Australian Projects For personal use only • Doolgunna- Gold and Iron • Sandfire – Zinc and Lead • Yannarie – Zinc and Lead • Urandy – Gold and Lead/Zinc Sandfire Resources 100%
Slide 20: Doolgunna Project: Iron and Gold
For personal use only Doolgunna Project Iron and Gold
Slide 21: Doolgunna Project Location
Doolgunna Project Location For personal use only
Slide 22: Doolgunna Project — Iron
Doolgunna Project — Iron • Reconnaissance For personal use only traversing in late 2007 identified hematite- goethite deposits in the Robinson Range. • Doolgunna Exploration Licence 52/1715 endorsed for iron exploration in January 2008. • Reconnaissance exploration and detailed mapping is completed.
Slide 23: Doolgunna Project — Iron
Doolgunna Project — Iron For personal use only • Iron ore mineralisation confined to units of the Robinson Range Formation. • The Robinson Range Formation a 200-300 m thick sequence of: – magnetite BIF; – granular IF; – cherty BIF. • The iron ore mineralisation is hematite-goethite surface Low hills
Slide 24: Doolgunna Project — Iron
Doolgunna Project — Iron For personal use only • Surface sampling and initial drilling of the mineralisation indicates low phosphorus values. • Observations and drilling to date suggest the hematite- goethite mineralisation is relatively shallow. • The extent of surface “weathering” of the mineralis
Slide 25: Doolgunna Project — Gold
Doolgunna Project — Gold For personal use only • Located 900 km NE of Perth. • Four exploration licences, area of 408 sq km. • Strike coverage 40 km. • No previous gold mining. • Primary gold discovery by Sandfire Resources.
Slide 26: Doolgunna Project — Gold Geology
Doolgunna Project — Gold Geology For personal use only Gold Mines Tenure covers units of the: • Padbury Basin • Bryah Basin Historic gold production from northern flank of basins: • 2 million ounces with remaining resources • 0.5 million ounces Most gold discovered and produced in the last 20 years.
Slide 27: Doolgunna Project — Gold Principal Gold Prospects
Doolgunna Project — Gold Principal Gold Prospects For personal use only
Slide 28: Selected Drilling Results - DeGrussa and Old Highway Prospects
Doolgunna Project — Gold For personal use only Selected Drilling Results - DeGrussa and Old Highway Prospects Old Highway Prospect (RC Drilling, 2008) DGRC072 23m @ 4.07g/t gold “ 22m @ 3.01g/t gold DGRC071 10m @ 7.15g/t gold DGRC075 7m @ 7.28g/t gold DGRC080 6m @ 9.72g/t gold DeGrussa Prospect (RAB
Slide 29: Sandfire Project — Zinc and Lead
Sandfire Project — Zinc and Lead For personal use only • Located 150 km southwest of Broome, adjacent to Northwest Coastal Highway. • Four exploration licences covering 430 sq km and 27 km of the prospective structure along the Admiral Bay Fault.
Slide 30: Sandfire Project — Zinc and Lead
Sandfire Project — Zinc and Lead For personal use only • Located in Canning Basin, formed since Ordovician with 18,000m of sediments. • Tenure covers faulted margin between Willara Sub-Basin and the Broome Platform. • Faulting started in early Ordovician and was coeval with the Willara Basin develop
Slide 31: Sandfire Project — Zinc and Lead
Sandfire Project — Zinc and Lead For personal use only Admiral Bay Deposit Sandfire Deposit • Mineralisation hosted in carbonate • Potential for mineralisation hosted in rocks of the Nita Formation over the carbonate rocks of the Nita Admiral Bay High. Formation over the Parda High. • Located on the
Slide 32: Sandfire Project — Zinc and Lead
Sandfire Project — Zinc and Lead For personal use only
Slide 33: Sandfire Project — Zinc and Lead
Sandfire Project — Zinc and Lead For personal use only
Slide 34: Corporate Information
Corporate Information For personal use only Issued Share Capital 82 million Ordinary fully paid shares 12.5 million Contributing shares (A$0.15 to pay) Cash (Aug 2008) A$6.8 million Major Shareholders % POSCO 20 High net worth domestic 20 Founders/Board 12 Last major funding $0.40 Current Price $0.2
Slide 35: People
People For personal use only MILES KENNEDY, Non-executive Chairman (lawyer) • developed largest gold producer in New Zealand; • developed +$A300 million diamond producer in Western Australia; • +25 years in resource sector. KARL SIMICH, Executive Director (chartered accountant) • developed largest g
Slide 36: People
People For personal use only JONGHUN JONG, Non-executive Director • Mr. Jong holds a Bachelor of Business Administration and has been with POSCO for 19 years focusing on purchase of raw materials. His present role with POSCO is focused on new business opportunities. JOHN HUTTON, Non-executive Direct
Slide 37: Disclaimer
For personal use only Disclaimer: Statements contained in this material, particularly those regarding possible or assumed future performance, costs, production levels or rates, prices, reserves or potential growth of Sandfire Resources NL, industry growth or other trend projections are, or may be, f
Slide 38: Share Registry and Home Exchange
For personal use only Share Registry Security Transfer Registrars Pty Ltd 770 Canning Highway Applecross WA 6153 Tel: +61-8 9315-2333 Fax: +61-8 9315 2233 Email: registrar@securitytransfer.com.au Home Exchange Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade Perth WA 6000 ASX Co
Slide 39: Sandfire Resources NL contact details
For personal use only Sandfire Resources NL ABN 55 105 154 185 1 Ventnor Avenue West Perth 6005 Western Australia PO Box 1495 West Perth 6872 Western Australia T: +61-8 9226 5833 F: +61-8 9226 5844 E: admin@sandfire.com.au W: www.sandfire.com.au
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