Slide 1: June 2019 Quarterly Report Presentation and Webcast
June 2019 Quarterly Report Presentation and Webcast 24 July 2019 Access this presentation at: https://webcasting.boardroom.me dia/broadcast/5d256d1512d7e63 43766cf55 or http://www.sandfire.com.au Bornite on the 5310 Level at Monty
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Sandfire Resources NL (Sandfire). This document contains information about Sandfire current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipien
Slide 3: Competent Person's Statements
Competent Person’s Statements DeGrussa and Monty Mineral Resource The information in this presentation that relates to the DeGrussa and Monty Mineral Resource is based on information compiled by Mr Callum Browne who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Browne is a p
Slide 4: Competent Person's Statements
Competent Person’s Statements Exploration Results Doolgunna The information in this presentation that relates to Exploration Results is based on information compiled by Mr Shannan Bamforth who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Bamforth is a permanent employee of
Slide 5: Agenda
Agenda Highlights Safety Operations Guidance & Costs Development Exploration Summary Slide : 5
Slide 6: Highlights
Highlights Production and Operations ► June 2019 Quarter: 18,519t of contained copper and 11,967oz of contained gold produced; C1 US$0.74/lb ► FY2019: 69,394t of contained copper and 44,455oz of contained gold produced; C1 US$0.83/lb ► FY2020 Guidance: 70-75kt of contained copper and 38-42koz of con
Slide 7: Safety
Safety ► Total Recordable Injury Frequency Rate (TRIFR) of 6.2 at Quarter-end (vs. 7.1 at March 2019 Quarter-end) ► Principal hazard management – key theme to improve safety culture ► Focus continues to be applied to improving safety leadership, culture and assurance of critical controls 10 TRIFR 8
Slide 8: Operations – Mining
Operations – Mining Underground production ► DeGrussa ore production for the Quarter of 347,643t grading 4.4% Cu (FY2019: 1,505,520t grading 4.6% Cu) ► Monty ore production for the Quarter of 76,091t grading 7.9% Cu (FY2019: 119,468t grading 6.4% Cu) ► Total ore production for the Quarter of 423,734
Slide 9: Operations – Processing
Operations – Processing Mill throughput ► Quarter: 412,473t milled at average feed grade of 4.8% Cu ► FY2019: 1,619,714t milled at average feed grade of 4.6% Cu ► FY2020 Guidance: 1.6Mt tonnes milled at average feed grade of 4.8% Cu Recovery ► Quarter: Copper recovery of 93.0%; Gold recovery 49.4% ►
Slide 10: Operations – Capital programs
Operations – Capital programs ►PFS Oxide Stockpile completing Q1FY2020 ►Stage 4 tailings storage facility lift scheduled for completion late August ►Container storage for concentrate handling to port Slide : 10
Slide 11: Operations – Sales
Operations – Sales ► June 2019 Quarter: Sales of 73,949t of concentrate (dry) containing 17,788t of copper (17,069t payable) and 11,689oz of gold (10,934oz payable) ► FY2019: Sales of 282,928t of concentrate (dry) containing 67,967t of copper (65,074t payable) and 42,269oz of gold (39,265oz payable)
Slide 12: Operations – Unit Operating Costs
Operations – Unit Operating Costs Q4 YTD FY2019 FY2019 Unit operating costs (US$/lb) (US$/lb) Commentary Mining (net of development) 0.40 0.40 C1 cost guidance for FY2020 is expected to rise to US$0.90-$0.95/lb, impacted by: - Reduction with increased copper production Processing 0.24 0.28 - Increas
Slide 13: Development and Growth – Black Butte Copper Project, USA
Development and Growth – Black Butte Copper Project, USA ► 86% stake in Black Butte Copper Project, central Montana (via stake in Sandfire Resources America Inc.) ► Advanced, high quality copper project in stable jurisdiction: – Mineral Resource: 18Mt at 3.3% Cu, 14g/t Ag, 0.10% Co for 597,000t of c
Slide 14: Doolgunna Exploration Overview
Doolgunna Exploration Overview ► Exploration continuing as a priority along highly prospective VMS corridor that hosts the DeGrussa and Monty deposits. – Continuation of major regional AC drilling programs to aid geological interpretation and provide quality geochemical coverage. – RC and DD at Morc
Slide 15: Doolgunna Exploration Overview
Doolgunna Exploration Overview ► Exploration advancing at multiple prospects within Greater Doolgunna area ► 62,745m AC/RAB drilling ► 13,421m RC drilling ► 22 506m UG DD drilling ► 451m surface DD drilling Slide : 15
Slide 16: Summary & Outlook
Summary & Outlook ► Production and cost performance: − FY2019: 69,394t of contained copper and 44,455oz of contained gold produced; C1 US$0.83/lb; − FY2020 guidance: 70-75kt of contained copper and 38-42koz of contained gold; C1 costs US$0.90-0.95; and − Monty high grade ore on stream. ► Draft EIS f
Slide 17: Contact Details: Sandfire Resources NL
Contact Details: Sandfire Resources NL Registered Office and Principal Place of Business Level 2, 10 Kings Park Road, West Perth, Western Australia 6005 T +61 8 6430 3800 / F +61 8 6430 3849 www.sandfire.com.au