Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Investor Presentation (November 2010)
20 slides from Sandfire Resources's investor presentation, Nov 16, 2010
Slide 1: Equity Raising
For personal use only Equity Raising ASX Code: SFR 16 November 2010 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 2: Disclaimer
Disclaimer For personal use only This presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase any security and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. In particular, this presentation does
Slide 3: Equity Raising Overview
Equity Raising Overview For personal use only Equity Raising Sandfire to raise approximately A$102m through a 1 for 12 accelerated non- renounceable entitlement offer and institutional placement Entitlement offer to raise approximately A$72m Institutional placement to raise a minimum of A$30m Entitl
Slide 4: Offer Timetable
Offer Timetable For personal use only Event Date Institutional entitlement offer and placement opens Tuesday, 16 November 2010 Institutional entitlement offer and placement closes Wednesday, 17 November 2010 Trading recommences Thursday, 18 November 2010 Record date 5.00pm Friday, 19 November 2010 R
Slide 5: Sandfire's Assets
Sandfire’s Assets For personal use only Sandfire’s key asset is the Doolgunna Project (100% owned), a series of high-grade copper and gold deposits located in Western Australia’s North Murchison Goldfield Borroloola Darwin • +14,000km2 tenement in Borroloola internationally recognised Northern Terri
Slide 6: DeGrussa – Project Overview
DeGrussa – Project Overview For personal use only Following 150,000m of drilling, Sandfire has established a high-grade copper-gold JORC resource across four deposits, within just 18 months Project Progress Infrastructure • Development studies advanced in parallel with resource • Great Northern High
Slide 7: DeGrussa – Development Plan
DeGrussa – Development Plan Development planning is very advanced and there is a clear path to production For personal use only Key Development Parameters Pre-Feasibility Study Highlights • Open pit and underground mining operation • Increase in processing plant rate to 1.5Mtpa following • Direct sh
Slide 8: DeGrussa – Development Plan
DeGrussa – Development Plan Development planning is very advanced and there is a clear path to production For personal use only 8 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 9: DeGrussa – Exploration Opportunities
DeGrussa – Exploration Opportunities Only a very small portion of Sandfire’s tenements have been explored so far For personal use only Upside around DeGrussa Project Upside on Doolgunna tenements • Four deposits discovered to date within 1.5km strike • 400km2 tenement package in emerging VMS field •
Slide 10: DeGrussa – Phase III Mineral Resource
DeGrussa – Phase III Mineral Resource JORC compliant Mineral Resource estimate for DeGrussa, Conductor 1, Conductor 4 and Conductor 5 deposits: For personal use only 10.67Mt at 5.6% copper, 1.9g/t gold and 15g/t silver Reported above 1.0% Cu lower cut-off grade Tonnes Cu Au Ag Cu Au Ag (Mt) % g/t g/
Slide 11: Investment Highlights
Investment Highlights For personal use only Very High Quality of Doolgunna is one of the highest grade copper deposits in the Asia-Pacific region, with a copper grade of 5.6% Deposit Rapid Resource Sandfire has a proven track record of proving up resources at Doolgunna, having upgraded resources twi
Slide 12: Conclusion
Conclusion For personal use only Sandfire to raise approximately A$102m in new equity capital Equity raising proceeds will assist in funding completion of the Feasibility Studies for DeGrussa, initial open pit development, deposits for long-lead time items for plant construction and other pre- devel
Slide 13: Key Risks
Key Risks For personal use only Risk Factors Activities in the Company and its controlled entities, as in any business, are subject to risks which may impact on the Company's future performance. There are a number of factors, both specific to the Company and of a general nature, which may affect the
Slide 14: Key Risks
Key Risks For personal use only Limited operating history of Sandfire: Sandfire has limited operating history on which it can base an evaluation of its future prospects. If Sandfire’s business model does not prove to be profitable, investors may lose their investment. Sandfire’s historical financial
Slide 15: Key Risks
Key Risks For personal use only Economic factors: The operating and financial performance of the Company is influenced by a variety of general economic and business conditions, including levels of consumer spending, oil prices, inflation, interest rates and exchange rates, supply and demand, industr
Slide 16: Offer Jurisdictions
Offer Jurisdictions For personal use only European Economic Area – Belgium, Germany, Luxembourg and Netherlands The information in this document has been prepared on the basis that all offers of ordinary shares in the Company (“New Shares”) will be made pursuant to an exemption under the Directive 2
Slide 17: Offer Jurisdictions
Offer Jurisdictions For personal use only Italy The offering of the New Shares in the Republic of Italy has not been authorized by the Italian Securities and Exchange Commission (Commissione Nazionale per le Società e la Borsa, "CONSOB") pursuant to the Italian securities legislation and, accordingl
Slide 18: Offer Jurisdictions
Offer Jurisdictions For personal use only United States The New Shares have not been and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act”), or under the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Shares may not be o
Slide 19: Offer Jurisdictions
Offer Jurisdictions For personal use only Canada (British Columbia, Ontario and Quebec provinces) This Canadian Supplement is to be read in conjunction with, and is deemed to a part of, the announcement dated 25 February 2010 (“Announcement”) of Sandfire Resources NL, an Australian corporation (the
Slide 20: Offer Jurisdictions
Offer Jurisdictions For personal use only Canada (cont.) CERTAIN CANADIAN INCOME TAX CONSIDERATIONS Prospective purchasers of the New Shares should consult their own tax adviser with respect to any taxes payable in connection with the acquisition, holding, or disposition of the New Shares as any dis
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