Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Shareholder Meeting (November 2021)
20 slides from Sandfire Resources's shareholder meeting presentation, Nov 26, 2021
Slide 1: A Transformational Year – 2021 Annual General Meeting Presentation
For personal use only A Transformational Year 2021 Annual General Meeting Presentation Karl Simich, MD & CEO 26 November 2021 Page: 1 SANDFIRE RESOURCES - CREATING VALUE THROUGH OPPORTUNITY
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Summary information For personal use only This Presentation is for information purposes and is a summary only, which is current as at the date of this Presentation (unless stated otherwise). The information in this Presentation is of a general nature and does not
Slide 3: Important Information and Disclaimer (continued)
Important Information and Disclaimer (continued) For personal use only JORC Code It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and
Slide 4: Strong alignment of Purpose, Vision and Strategy
For personal use only Sandfire Strong alignment of Purpose, Vision and Strategy Creating value To build an Our strategic through opportunity international imperatives For: diversified and • Execute Delivery • Our shareholders sustainable mining • Build a Sustainable • Our employees company Productio
Slide 5: Delivering on strategy – Highlights
DeGrussa Operations, Australia • Produced 70,845t Cu and 39,459oz Au at C1 US$0.82/lb in FY2021 For personal use only • Strong safety performance – TRIFR of 4.0 at 30 June 2021 • Record financial results in FY2021 Highlights MATSA Acquisition, Spain Delivering on • Transformational acquisition of th
Slide 6: Delivering on our six ESG priorities
1. Thriving communities – Champion local participation and prioritise local spend to deliver a lasting, positive contribution to the For personal use only communities where we operate 2. Promote workforce well-being – pursue continual improvement in health and safety performance ESG 3. Water steward
Slide 7: Copper: a cornerstone metal for the global energy transition
• Strong year for the US$220 billion copper market • Copper price up ~25% since start For personal use only of 2021 and ~50% year-on-year • Reflects strong underlying demand from construction and Copper industrial sectors • Growing recognition of copper’s A cornerstone status as a critical metal for
Slide 8: Building A Global and Diversified Copper Miner
Building A Global and Diversified Copper Miner For personal use only MATSA, Spain (100%) Sustainable production target of 150 – 200ktpa CuEq at C1 ~US$1.0/lb DeGrussa, Australia (100%) 12+ years 1 year(6) FY22F Producing FY22 Guidance Producing CuEq Production: CuEq Production: (1)(7) US$0.45/lb(1)
Slide 9: DeGrussa Operations – Foundation of our success over the past decade
CUMULATIVE PRODUCTION TO END OF FY2021 For personal use only over 616,000 TONNES OF CONTAINED COPPER DeGrussa 359,000 Operations OUNCES OF CONTAINED GOLD Foundation of our success over the $2.6 billion past decade $5.0 billion IN CUMULATIVE OPERATING CASH-FLOW IN CUMULATIVE SALES (prior to explorati
Slide 10: DeGrussa Operations – High-Grade Production
DeGrussa Operations – High-Grade Production For personal use only • 10 years of profitable and safe operations • High-margin mine, capitalising on strong copper price • FY2021 production beat guidance – 70,845t Cu and 39,459oz Au at DeGrussa Stope Mine C1 US$0.82/lb Production FY22 • Record sales re
Slide 11: Dual-track exploration strategy
Gold Processing Pipeline East Shed Well, Cow Hole Bore and Red Bore SE Robinson Range Data integration and For personal use only DHEM Copper Doolgunna Exploration Pipeline First-pass exploration of tenure south of Horseshoe Gold Processing Pipeline Lights In-fill drilling at Cuba Dual-track explorat
Slide 12: Kalahari: Motheo Copper Mine opens an exciting new growth horizon
Expansion PFS ESTIMATES (SEPTEMBER 2021) PEAK PRODUCTION OF For personal use only 60,000 TONNES OF CONTAINED COPPER AND Kalahari 2.7 million OUNCES OF SILVER PER ANNUM Motheo Copper 0 Mine opens an US$3.6 US$1.24 exciting new billion* billion* growth horizon IN LIFE-OF-MINE REVENUE IN PRE-TAX FREE C
Slide 13: Motheo Copper Mine – Key Progress
• DFS completed and FID approval in December Crusher Base Earthworks 2020 • Motheo Mining Licence granted in July 2021 For personal use only • Motheo construction commenced immediately Motheo Copper • A4 Deposit Mineral Resource Estimate completed in July 2021 Mine Mill and Thickener Area • 5.2Mtpa
Slide 14: Consolidation of our dominant position in the Kalahari Copper Belt
Ngamiland For personal use only A4 Kalahari Copper Belt Consolidation of our dominant T23 position Page: 14 SANDFIRE RESOURCES - CREATING VALUE THROUGH OPPORTUNITY
Slide 15: MATSA: World-class VMS mine with exceptional growth potential
ANNUAL PRODUCTION OF For personal use only ~100-120,000 TONNES OF COPPER EQUIVALENT (~55,000t Cu and ~55,000t CuEq Zn, Pb, Ag FY2022 PRO FORMA GUIDANCE) MATSA World-class VMS mine with 0 4.7Mtpa US$1.7 billion exceptional growth PROCESSING PLANT CAPITAL INVESTED SINCE 2005 potential and upside 1st q
Slide 16: MATSA - A Transformational Acquisition
MATSA - A Transformational Acquisition For personal use only ● Sandfire to acquire the Minas de Aguas Teñidas S.A. (MATSA) Mining Complex from Mubadala Investment Company and Trafigura for US$1,865M (A$2,572M)(1) ● A rare cornerstone asset which immediately transforms Sandfire into a leading diversi
Slide 17: Sandfire's Vision for Realising MATSA upside
Sandfire’s Vision for Realising MATSA upside For personal use only MATSA is a high quality operation with significant optimisation and life extension potential – the combination of the highly capable MATSA and Sandfire teams is well positioned to realise these opportunities and continue to grow MATS
Slide 18: Key takeaways – Transformation underway
• Global vision – transformational acquisition of the MATSA Mining Complex For personal use only • Strong growth platform – DeGrussa cash-flows from a strong final year of production Key takeaways • New production hub – construction of expanded Transformation 5.2Mtpa Motheo Copper Mine in underway B
Slide 19: Competent Person's Statements
Competent Person’s Statements For personal use only MATSA Mineral Resources The Competent Person who has reviewed the Mineral Resources is Mr Guy Dishaw, P.Geo, who is a full-time employee of and Principal Consultant (Resource Geology) at SRK. Mr Dishaw is a Professional Geoscientist (P. Geo.) regis
Slide 20: Contact Details
For personal use only Contact Details Level 2, 10 Kings Park Road, West Perth WA 6005 Australia PO BOX 1495, WEST PERTH WA 6872 AUSTRALIA +61 8 6430 3800 +61 8 6430 3849 www.sandfire.com.au Page: 20 SANDFIRE RESOURCES - CREATING VALUE THROUGH OPPORTUNITY
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