Slide 1: A Premier Australian Copper Producer
For personal use only A Premier Australian Copper Producer December 2013 Quarterly Report Presentation Webcast – Karl Simich, Managing Director & CEO 21 January 2014 Access this presentation at: http://www.brrmedia.com/event/119667/karl-simich-managing-director-and-ceo / http://www.sandfire.com.au S
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Forward-Looking Statements and Competent Person’s Statement Forward-Looking Statements For personal use only • This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the d
Slide 3: Agenda
Agenda December 2013 Quarterly Report Presentation For personal use only • Highlights • Safety • Mining • Processing • Sales • Operating Costs • Exploration • Summary 3
Slide 4: December 2013 Quarterly Highlights
December 2013 Quarterly Highlights Strong production at upper end of guidance; 1.5Mtpa mining rate achieved; new regional exploration JV’s secured Production and Operations For personal use only • Dec Qtr: 15,492t copper and 5,957oz gold produced; C1 cash cost of US$1.29/lb • 1HFY2014: 31,938t coppe
Slide 5: Safety
Safety Continued sound safety performance • Total Recordable Injury Frequency Rate (TRIFR) to be used as major lag For personal use only indicator from current Quarter onwards • Steady decline in TRIFR to 13.5 at Quarter-end (vs. 17.6 at September Quarter-end); TRIFR for December Quarter was 9.1 TRI
Slide 6: Mining Overview
Mining Overview Ramp-up of underground mine to 1.5Mtpa achieved; mine development continuing For personal use only UNDERGROUND • Five stopes now on-line with several large stopes commenced • Underground mining rate of 1.5Mtpa achieved with 378,825t of underground sulphide ore mined for the Quarter •
Slide 7: Processing
Processing Copper recoveries increased and improving further; strong concentrate production MILL THROUGHPUT Tonnes For personal use only • 338,140t milled at average head feed grade of 400,000 5.1% Cu 350,000 300,000 • On track for nameplate 1.5Mtpa for FY2014 250,000 • Successful optimisation progr
Slide 8: Processing
Processing Ramp-up on track to achieve targeted production MILL THROUGHPUT Concentrate For personal use only • 338,140t milled at average head feed grade of 5.1% Cu • On track for nameplate 1.5Mtpa for FY2014 • Successful optimisation programs completed including control system upgrades and schedule
Slide 9: Sales
Sales Copper and gold sales For personal use only • Quarterly sales of 13,136 tonnes of copper and 5,694oz of gold • 13,000+ tonnes concentrate holding at site and at port at Quarter-end • Shipment completed in January 2014 from December Quarter production • Port Hedland and Geraldton Ports both ope
Slide 10: Quarterly Unit Operating Costs
Quarterly Unit Operating Costs C1 and total production costs For personal use only Q1 FY2014 Q2 FY2014 Unit costs – DeGrussa Mine Commentary (US$/lb) (US$/lb) Mining (net of development) 0.64 0.53 Generally, unit costs have been impacted by lower Processing 0.33 0.42 copper production driven by vari
Slide 11: Exploration Overview
Exploration Overview Near-mine exploration delivering results; new regional exploration joint ventures concluded Strong ongoing commitment to near-mine, mine corridor and regional For personal use only • exploration • 53,373m of RAB, RC and diamond drilling completed • Underground drilling continuin
Slide 12: Underground Exploration Gathering Momentum
Underground Exploration Gathering Momentum C4/C5 declines mark beginning of a new chapter of underground exploration for DeGrussa For personal use only • Development of the C1 and C4/C5 declines well advanced from junction off Evans Decline • Underground drilling continuing targeting depth extension
Slide 13: Underground Exploration – C4 Extensions
Underground Exploration – C4 Extensions Down-plunge extensions of the Conductor 4 deposit defined; to be included in next DeGrussa Mineral Resource update For personal use only 13
Slide 14: New Regional Growth Opportunities
New Regional Growth Opportunities JV with Ventnor Resources marks first regional growth step in broader Bryah Basin region Ventnor Resources: Thaduna/Green Dragon JV For personal use only • Farm-in JV with Ventnor Resources to secure up to 80% of Thaduna/Green Dragon Project, subject to conditions p
Slide 15: New Regional Growth Opportunities
New Regional Growth Opportunities JV with Talisman Mining over its Doolgunna Projects adjoining Sandfire’s DeGrussa Project Talisman Mining: Farm-in JV over Doolgunna Projects For personal use only • Farm-in JV with Talisman Mining to secure up to 70% of its highly prospective Doolgunna copper-gold
Slide 16: Summary and Outlook
Summary and Outlook Strong production quarter; strong outlook for 2H FY2014 Strong quarterly and first half production performance: For personal use only • • 15,492t copper, 5,957oz gold production at C1 cost of US$1.29/lb • 1HFY2014: 31,938t copper, 14,570oz gold • Strong outlook for second half: •
Slide 17: A Premier Australian Copper Producer
For personal use only A Premier Australian Copper Producer December 2013 Quarterly Report Presentation Webcast – Karl Simich, Managing Director & CEO 21 January 2014 Access this presentation at: http://www.brrmedia.com/event/119667/karl-simich-managing-director-and-ceo / http://www.sandfire.com.au 1
Slide 18: Appendix: Competent Person’s Statements
Appendix: Competent Person’s Statements Competent Person’s Statement – Mineral Resources and Open Pit Ore Reserves For personal use only • The information in this report that relates to Mineral Resources and Open Pit Ore Reserves is based on information compiled by Mr. Ekow Taylor who is a Member of