Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Resources Rising Stars 2022 Conference
29 slides from Sandfire Resources's conference presentation, Jun 6, 2022
Slide 1: Moving into the global base metals league
Moving into For personal use only the global base metals league Resources Rising Stars 2022 Conference Presentation Karl Simich, Managing Director & CEO June 2022 Creating Value through Opportunity
Slide 2: Important Information and Disclaimer
For personal use only Important Information and Disclaimer This presentation has been prepared by Sandfire Resources Ltd (Sandfire or the Company) and contains information about Sandfire Key assumptions current at the date of this presentation. The presentation is in summary form, has not been indep
Slide 3: A Global Miner poised for a new era of growth
For personal use only A Global Miner poised for a new era of growth Scale One of the largest copper-focused miners on the ASX Future-facing Producing copper, a critical metal for a low-carbon future Growth Pivoting to new long-life mines in Spain, Botswana and USA Exploration Four world-class minera
Slide 4: Our Strategy
For personal use only Our Strategy Execute Sustain and Grow Accelerate Align and Empower Optimise Capital Delivery Our Production Discovery Our People Strategy and Pipeline Engagement Our Values Honesty Respect Collaboration Accountability Performance 4
Slide 5: Executing Our Strategy
For personal use only Executing Our Strategy Execute Sustain and Grow Accelerate Align and Optimise Capital Delivery Our Production Discovery Empower Strategy and Pipeline Our People Engagement MATSA Establishing Drill to extend Mineral Unlocking our highly Focus on global integration Financial leve
Slide 6: ESG Strategy
Collaborate with our stakeholders to generate enduring socio-economic development where we are present For personal use only Our people live in communities Standardise Sandfire’s and they have a right to go Our goal is for management of ESG across all operations home safe, healthy and with a sense o
Slide 7: Delivering growth
7% For personal use only $708M YTD FY2022 85% Delivering growth 9 months to 31 March 2022 Value of Payable Metal Sold In US$ (Unaudited) Copper Zinc Lead Gold Silver $654.9M Delivering 63,395t Copper Production $390.5M strong Motheo Sales revenue growth in 16,027t Zinc and operating cash holding con
Slide 8: Q3 Operations EBITDA Contribution
Operations EBITDA For personal use only MATSA 200.0 186.9 Q3 Operations 150.0 EBITDA Contribution 114.8 3 months to 31 March 2022 98.6 100.0 In US$ (Unaudited) 50.0 MATSA has made a strong contribution to Group Operations EBITDA since - (26.5) 1 February 2022 (date the DeGrussa MATSA Other Group EBI
Slide 9: FY2022 Group Guidance
For personal use only FY2022 Group Guidance In US$ (Unaudited) Production: FY2022 C1 Capital expenditure: Exploration, evaluation MATSA D+A indicative 92-95kt~96% Cu unit costs: ~$62M Mine and studies: ~$200M per annum ~38kt~83% Zn ~$1.19/lb Cu development ~$65M Guidance to follow ~3kt~88% Pb payabl
Slide 10: MATSA Copper Operations
For personal use only MATSA Copper Operations MATSA Mining Operations Exploration • Aguas Teñidas Mine • Iberian Pyrite Belt tenure • Magdalena Mine • Sotiel Mine • 4.7Mtpa processing plant
Slide 11: MATSA: Our new cornerstone asset
For personal use only MATSA Our new cornerstone asset World-class 4.7Mtpa Three Underground Mine Life 36Mt 122Mt VMS operation Processing Mines ~12 year Grading Grading with exceptional Plant Resource life 3.1% CuEq in 3.2% CuEq in growth potential • Aguas Teñidas Mine Ore Reserves Mineral and upsid
Slide 12: MATSA Integration and Optimisation
For personal use only MATSA Integration and Optimisation Operational Integration Optimise and Implement 5-year Plan Establish a base for multi- • Operational excellence practices • Safety improvement – driving culture and decade operations • Alignment of policies and standards accountability • Group
Slide 13: MATSA Production
For personal use only 26% $189M MATSA Production 66% 2 months to March 2022 In US$ (Unaudited) Value of Payable Metal Sold Copper Zinc Lead Silver Production: Achieved Operations FY22 Production FY2022 C1 Strong margins with 12,536t Cu95% copper - C1 EBITDA: Guidance: Guidance: higher base metal 16,
Slide 14: MATSA Exploration
For personal use only MATSA Exploration Reserve Growth and Exploration Potential Concepcion Focus on Reserve growth and near-mine extensions Magdalena Concepcion • Five rigs active on infill drilling for Aguas Tenidas Reserve conversion and Poderosa exploring near-mine extensions • Resource update e
Slide 15: DeGrussa Copper Operations
DeGrussa Copper Operations For personal use only DeGrussa Operations Exploration • DeGrussa Copper-Gold Mine • Doolgunna VMS Province • Monty Copper-Gold Mine • Old Highway Gold Project
Slide 16: DeGrussa: Continuing to deliver safely
For personal use only DeGrussa Continuing to deliver safely Production Costs COVID-19 impacts and response Strong quarterly production despite • Continuing cost pressures reflect inflation • Limited impact on copper production to date with industry labour shortages and rising in the mining industry
Slide 17: DeGrussa
7% For personal use only $519M DeGrussa YTD 2022 92% 9 months to 31 March 2022 Value of Payable Metal Sold In US$ (Unaudited) Copper Gold Silver Production: C1: Operations FY Production FY2022 C1 Continuing to deliver 50,859t Cu96% $1.16/lb Cu EBITDA: Guidance: Guidance: strong margins in a payable
Slide 18: Motheo Copper Project
For personal use only Motheo Copper Project Motheo Copper Mine Exploration • T3 Deposit Open Pit Development • Motheo Expansion Project • A4 Deposit Expansion Project • Kalahari Copper Belt tenure
Slide 19: Motheo: Building a world-class copper mine
10% For personal use only Motheo 90% Building a world-class copper mine Indicative FS Project Revenue Split Copper Silver Development of Sandfire’s Sandfire intends to fund the 5.2Mtpa Motheo Expansion Case DFS development of the Motheo Copper remains on schedule for completion in Motheo Copper Mine
Slide 20: Motheo: Supporting our communities
For personal use only Motheo Supporting our communities Our Motheo community framework pillars Community Health Education Women Empowerment Youth Development Improved outcomes for Encourage attendance in Support equality, Promote training and the physical and mental schools, improve learning inclusi
Slide 21: Motheo Copper Mine Development Timeline
For personal use only Motheo Copper Mine | Development Timeline Mining License Approval & Land Titles Accommodation Village EMP Process Plant Engineering & Pre-Construction Works Accommodation Facility 132KV Powerline & Substations Design & Construction Process Plant Construction Mining Contractor M
Slide 22: Motheo Mine Construction & Development Capital
$ $ 80,000,000 320,000,000 For personal use only 23.6 Motheo Copper Mine 70,000,000 280,000,000 60,000,000 240,000,000 Mine Construction 50,000,000 200,000,000 & Development Capital 40,000,000 160,000,000 30,000,000 120,000,000 In US$ (Unaudited) 20,000,000 80,000,000 10,000,000 40,000,000 0 - Q3 FY
Slide 23: Motheo Copper Mine Key Progress
For personal use only Motheo Copper Mine Key Progress Mining Commences Mining Equipment Assembly Yard Motheo Mine Village • Development is proceeding on schedule and on budget • T3 Open Pit mining commences Mine Pit Overview Process Plant and Mining Offices Overview Tailing Storage Facility (Stage 1
Slide 24: Motheo Exploration
For personal use only Motheo Exploration Dominant position in an emerging belt Near-mine and regional drilling underway Two drill rigs active around Motheo targeting high-grade mineralisation at T3 and the A1 Dome • Five drill rigs testing high-priority regional targets • Nickel sulphide exploration
Slide 25: Black Butte Copper Project
For personal use only Black Butte Copper Project Great Falls • Black Butte Expansion Project Helena Black Butte Copper Project (87%-owned) Exploration Black Butte • Johnny Lee Deposit • Regional exploration Bozeman • Lowry Deposit
Slide 26: Black Butte: Doing it right from the beginning
For personal use only Black Butte Doing it right from the beginning Feasibility Study Mineral Resource drilling Legal Challenge • Johnny Lee Feasibility Study • Successful Lowry Deposit drilling • Initial legal challenge decision not optimisation continuing targeting campaign concluded favourable to
Slide 27: Summary
For personal use only Summary
Slide 28: Key Takeaways
For personal use only Key Takeaways Strong growth platform Global vision Copper-dominant mining Our transformation into a diversified, operations in Spain and Australia international and sustainable mining generating strong operating cash- company is underway flows New Production Hubs Strong Pipelin
Slide 29: Contact Details
For personal use only Contact Details +61 8 6430 3800 +61 8 6430 3849 www.sandfire.com.au Corporate Head Office Level 2, 10 Kings Park Road West Perth WA 6005 Australia PO Box 1495 West Perth WA 6872 Australia
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