Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Non-Deal Roadshow (November 2009)
26 slides from Sandfire Resources's roadshow presentation, Nov 5, 2009
Slide 1: The Doolgunna Copper-Gold Project
The Doolgunna Copper-Gold Project ASX Code: SFR Global Investor Roadshow November 2009 1
Slide 2: Sandfire: A Snapshot
Sandfire: A Snapshot • Recent high-grade VMS-style copper-gold discovery at Doolgunna Project, 900km north of Perth • Two high-grade deposits discovered to date – DeGrussa, Conductor 1 • Targeting maiden JORC resource by Q1 2010 • Exciting new discovery to the east of DeGrussa • Regional exploration
Slide 3: Doolgunna Project – Location
Doolgunna Project – Location • 395km2 tenement package in Peak Hill Mineral Field originally pegged by renowned prospecting geologist, Graeme Hutton • Established mining district with excellent infrastructure: • Great Northern Highway runs through the middle of the tenement package • Goldfields Gas
Slide 4: Doolgunna Project
Doolgunna Project • Two overlying thick, high- grade copper-gold deposits delineated so far: • DeGrussa • Conductor 1 • Recent new discovery 200m to the east: • Conductor 4 • Tenements cover 22km strike length of prospective Narracoota Volcanics – regional drilling underway 4
Slide 5: Doolgunna Project
Doolgunna Project – • DeGrussa Deposit comprises steeply dipping to near-vertical zone of very high-grade copper- gold mineralisation (+ zinc and silver) • Underlying Conductor 1 Deposit outlined over lateral strike extent of ~400m (east-west), dipping steeply to the south west to known vertical dep
Slide 6: Doolgunna Project – Drilling Success
Doolgunna Project – Drilling Success • Diamond drilling – DeGrussa and Conductor 1: 53.2m @ 17.3% Cu, 2.5 g/t Au from 146.1m (DGDD-001) – DeGrussa 25.1m @ 3.4% Cu, 1.6 g/t Au, 1.5% Zn from 319.0m (DGDD-001) – Conductor 1 21.9m @ 5.0% Cu, 2.0 g/t Au, 1.8% Zn from 322.2m (DGDD-003) – Conductor 1 13.7m
Slide 7: Doolgunna Project – Diamond Drilling
Doolgunna Project – Diamond Drilling 36.7m @ 4.6% Cu, 3.0 g/t Au from 283.0m (DGDD-006) – Conductor 1 50.1m @ 8.4% Cu, 2.9 g/t Au, 1.6% Zn from 242.5m (DGDD-007) – DeGrussa 8.9m @ 5.0% Cu, 1.5 g/t Au, 1.4% Zn from 378.1m (DGDD-007) – Conductor 1 15.6m @ 3.1% Cu, 2.5 g/t Au, 3.6% Zn from 347.4m (DGDD
Slide 8: Doolgunna Project – Drilling Success
Doolgunna Project – Drilling Success 1.8m @ 3.1% Cu, 1.6 g/t Au from 279.2m (DGDD-011) – DeGrussa 3.0m @ 1.8% Cu from 335.0m (DGDD-011) – Conductor 1 10.3m @ 5.9% Cu, 1.8 g/t Au, 2.4% Zn from 202.3m (DGDD-013) – DeGrussa 5.0m @ 1.2% Cu, 3.6 g/t Au from 358.0m (DGDD-013) – Conductor 1 9.1m @ 34.1%Cu,
Slide 9: DeGrussa / Conductor 1 Cross Section
DeGrussa / Conductor 1 - Cross Section 9
Slide 10: DeGrussa / Conductor 1 Cross Section
DeGrussa / Conductor 1 - Cross Section 10
Slide 11: DeGrussa / Conductor 1 Cross Section
DeGrussa / Conductor 1 - Cross Section 11
Slide 12: Drilling Results to Date: Conductor 1 Intersections
Drilling Results to Date Conductor 1 Copper-Gold Deposit - Intersections Assay Resuts Assay Resuts Drill Hole Length (m) Drill Hole Length (m) Cu % Au g/t Zn % Ag g/t Cu % Au g/t Zn % Ag g/t DGRC-114 39.0 5.4 1.6 0.6 11.0 DGDD-023 29.6 4.3 2.2 0.5 0 DGRC-115 32.0 4.6 1.7 0.9 7.9 DGDD-024 13.2 Sulphi
Slide 13: Drilling Results to Date: DeGrussa Intersections
Drilling Results to Date DeGrussa Copper-Gold Deposit - Intersections Assay Resuts Drill Hole Length (m) Cu % Au g/t 10.7 26.2 1.7 10.6 6.5 0.9 DGDD-001 31.9 17.9 3.5 53.2 17.3 2.6 61.7 15.1 2.3 DGDD-007 50.1 8.4 2.9 DGDD-008 40.6 6.6 2.4 DGDD-010 4.2 7.2 2.3 Assay Results DGDD-012 14.0 Oxide & Nati
Slide 14: Conductor 4
Conductor 4 • New massive sulphide lode discovered ~200m east of DeGrussa/Conductor 1 • 15.0 metres of massive sulphides intersected from 631.7m down- hole in DGDD-035 • Provides strong evidence that there is a deeper, separate, massive sulphide deposit located ~120m stratigraphically below Conducto
Slide 15: Conceptual Mine Development
Conceptual Mine Development • Maiden resource expected Q1 2010 • Preliminary scoping assessments underway 15
Slide 16: Doolgunna Operation Conceptual Flow Sheet
Doolgunna Operation Conceptual Flow Sheet 16
Slide 17: Doolgunna Project Development Pathway
Doolgunna Project Development Pathway Airstrip Negotiate Charter Award Charter Commence Flights Agreement Contract to Site Surface Buildings Mine Services Finalise Study Camp Award EPCM Commence Requirements and Contracts Construction Power Station Designs Gas Pipeline Negotiate Gas Award Tailings C
Slide 18: The Bigger Picture
The Bigger Picture • DeGrussa/Conductor 1 cover just a small portion of the Doolgunna tenements which extend for 395 sq km • The tenements cover a 22km strike length of the prospective Narracoota Volcanics • A major airborne EM survey has been conducted • Up to 17 conductive features have been revea
Slide 19: Doolgunna…Building Momentum
Doolgunna…Building Momentum • Resource in-fill drilling continuing at DeGrussa/ Conductor 1 – on track for initial JORC resource by Q1 2010 • Drilling underway at new eastern discovery (Conductor 4) • Systematic testing underway of regional prospects identified from 150km2 EM survey • New 250km2 air
Slide 20: Other Projects
Other Projects Darwin 70 Jape otr Basin e Borroloola @ Sandfire Pilbara Craton Urania Mt Boggola Yannarne @ e @,Doolgunna O Brisbane Yilgarn Craton Perth © [e) Sydney Or Adelaide o~ Melbourne OQ Hobart @ SANDFIRE RESOURCES NL Opportunity Redefined 20
Slide 21: Borroloola Project
Borroloola Project • +14,000sq km tenement position in world- class NT mineral province • Prospective for zinc-lead-silver deposits (McArthur River), manganese (Groote Eylandt), iron ore and uranium • Recent agreement with Mineral Resources (ASX: MIN) to fund exploration and development of manganese
Slide 22: Corporate Information
Corporate Information Issued Share Capital 107.1 million ordinary fully paid shares* *includes 8.4 million contributing shares with 15 cents to pay Options 10.8 million Cash (Sep 2009) A$11.6 million Major Shareholders % POSCO 17.5 High Net Worth 15.0 Founders/Board 14.6 Last Major Funding A$1.20 (A
Slide 23: People
People MILES KENNEDY, Non-executive Chairman (Lawyer) • developed largest gold producer in New Zealand; • developed +$A300 million diamond producer in Western Australia; • +25 years in resource sector. KARL SIMICH , Managing Director (Chartered Accountant) • developed largest gold producer in New Ze
Slide 24: Summary and Outlook
Summary and Outlook • Rapidly emerging VMS copper-gold project in WA • Well-funded exploration & resource development program underway • Targeting maiden JORC copper-gold resource for first two deposits by Q1 2010 • Regional exploration underway targeting potential VMS field • Strong and supportive
Slide 25: 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 re
Slide 26: 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 purpor
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