Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Resources Rising Stars Investor Series (August 2009)
20 slides from Sandfire Resources's conference presentation, Aug 10, 2009
Slide 1: Sandfire Resources: The Doolgunna Copper-Gold Discovery
Sandfire Resources The Doolgunna Copper-Gold Discovery August 2009 Resources Rising Stars Investor Series
Slide 2: Disclaimer and Important Information
Disclaimer and Important Information • Competent Person’s Statement The information in this report that relates to Exploration Results is based on information compiled by John Evans who is a Fellow of the Australasian Institute of Mining and Metallurgy. John Evans has sufficient experience which is
Slide 3: Forward-Looking Statements and Disclaimer
Forward-Looking Statements and Disclaimer Forward-Looking Statements This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the date of this presentation. The presentation is in summary form and does not purp
Slide 4: The Doolgunna Project
The Doolgunna Project • 395.5 sq km tenement package pegged by renowned prospector Graeme Hutton • Part of his vision to create a greenfields exploration company focused on achieving major new discoveries, not re-working existing deposits • Located 150km north of Meekatharra in Western Australia • G
Slide 5: The Doolgunna Project
The Doolgunna Project • In April 2009, an inclined and vertical RC drilling program was undertaken targeting extensions to a previously discovered oxide gold zone at DeGrussa 5
Slide 6: The DeGrussa Discovery
The DeGrussa Discovery • This drilling returned substantial gold and copper intersections within the oxide zone • Five drill holes also intersected massive sulphide mineralisation below the oxide zone with results including: 75m @ 2.4% Cu (DGRC104) 22m @ 3.6% Cu, 3.8g/t Au (DGRC101) 47m @ 5.3% Cu, 2
Slide 7: The Conductor 1 Discovery
The Conductor 1 Discovery • After these excellent results, a ground EM survey was undertaken • This identified a very large conductive body 160 metres north west of DeGrussa – now referred to as Conductor 1 • This led to a decision to drill four vertical holes, with the initial hole targeting the ce
Slide 8: The Conductor 1 Discovery
The Conductor 1 Discovery • This phase of vertical RC drilling targeting Conductor 1 returned outstanding results: 39m @ 5.2% Cu, 1.6g/t Au from 135m (DGRC114) 32m @ 4.6% Cu, 1.7g/t Au from 90m (DGRC115) 32m @ 2.9% Cu, 1.3g/t Au from 294m (DGRC117) • These results indicated that Conductor 1 is a lar
Slide 9: Diamond Drilling Program
Diamond Drilling Program • The first diamond drill hole DGDD001 intersected four mineralised zones • The two upper zones are interpreted to be extensions of the DeGrussa mineralisation with results for the upper two intersections including: 10.7m @ 26.2% Cu, 1.7g/t Au 31.9m @ 17.9% Cu, 3.5g/t Au • T
Slide 10: Diamond Drilling Program
Diamond Drilling Program • The second diamond drill hole DGDD002, located 120 metres south of DGDD001, did not intersect any sulphide mineralisation • The third diamond drill hole, DGDD003, which was 120 metres east and 40 metres north of core hole 1, intersected 21.3 metres of massive sulphides fro
Slide 11: Diamond Drilling Program
Diamond Drilling Program • The fourth diamond drill hole DGDD004, located 40 metres north of DGDD003, intersected 12.7 metres of massive sulphide mineralisation from 267.8m with visible chalcopyrite • The fifth diamond drill hole, DGDD005, located 120 metres east of DGDD004, intersected 5.3 metres o
Slide 12: Diamond Drilling Program
Diamond Drilling Program • The sixth diamond drill hole DGDD006, located 40 metres north of DGDD001, intersected 36.7 metres of massive sulphide mineralisation from 287m • The seventh diamond drill hole DGDD007, located 40 metres south of DGDD001, intersected 50m of massive sulphides from 242.5m (De
Slide 13: Doolgunna … a discovery in the making
Doolgunna … a discovery in the making 13
Slide 14: The Big Picture
The Big Picture • Results to date indicate that high-grade copper-gold mineralisation extends for 360 metres along an east- west strike • They also indicate that DeGrussa and Conductor 1 are two separate zones of mineralisation • Two diamond drill rigs are continuing a major in-fill and step-out dri
Slide 15: The Big Picture
The Big Picture 7173200mN 7173400mN om Weathered and Oxidised Conductor 1 —— 100m, 200m 300m Mafic Volcanics Hyloclastites, Sediments; Mafic Intrusions 400m ml Copper-Gold Massive sulphide mineralisation © SANDFIRE RESOURCES NL Opportunity Redefined 15
Slide 16: The Big Picture
The Big Picture Summary of drilling for DeGrussa Prospect Reverse Circulation Drilling (Vertical) Hole Number Lode From (m) To (m) Length (m) Copper (%) Gold (g/t) Intersection Comments DGRC109 DeGrussa 115.0 150.0 35.0 7.0 1.4 sulphides DGRC114 Conductor 1 135.0 174.0 39.0 5.2 1.6 massive sulphides
Slide 17: The Bigger Picture
The Bigger Picture • DeGrussa/Conductor 1 cover just a tiny portion of the Doolgunna tenements which extend for 395.5 sq km • The tenements cover a 20km strike length of the prospective Narracoota Volcanics • A major airborne EM survey has been conducted • Numerous conductive features have been reve
Slide 18: Corporate Information
Corporate Information Issued Share Capital 84.7 million Ordinary fully paid shares 12.0 million Contributing shares (A$0.15 to pay) Cash (June 2009) A$2.6 million* Major Shareholders % POSCO 19.5 Founders/Board 15.6 High Net Worth 15.0 Last major funding $0.40 Current Price $2.00 * Note: Rights Issu
Slide 19: People
People MILES KENNEDY, Non-executive Chairman (lawyer) • developed largest gold producer in New Zealand; • developed +$A300 million diamond producer in Western Australia; • +25 years in resource sector. KARL SIMICH, Managing Director (chartered accountant) • developed largest gold producer in New Zea
Slide 20: Other Projects
Other Projects Borrolooa 2)» x @ Sandfire -_e@ Pilbara Craton Mt Boggola al Yannarie @ ~~ O Brisbane } _fif O sydney [e) Adelaide 10) Melbourne O Hobart © SANDFIRE RESOURCES NL Opportunity Redefined. 20
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