Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — World Copper Conference Asia 2025
18 slides from Sandfire Resources's conference presentation, Nov 26, 2025
Slide 1: World Copper Conference Asia 2025 Presentation
World Copper Conference Asia 2025 Presentation 26 November 2025 We mine copper sustainably to energise the future.
Slide 2: Important information and disclaimer
Important information and disclaimer This presentation has been prepared by Sandfire Resources Limited (ABN 55 105 154 185) (Sandfire or the Company) and contains Forward-Looking Statements information about Sandfire current at the date of this presentation. The presentation is in summary form, has
Slide 3: About Sandfire
About Sandfire Our Purpose We mine copper sustainably to energise the future Sandfire is the largest copper producer with a primary listing on the ASX • Strategic position in two highly prospective copper belts • Focused on increasing our reserves to 15 years within five years • We continue to delev
Slide 4: The Sandfire Way
The Sandfire Way Our values Our purpose We mine copper sustainably to energise the future Honesty Our strategic pillars Respect Deliver safe, consistent Reduce our Increase Demonstrate and predictable carbon intensity our reserves capital discipline performance Collaboration We deliver our purpose b
Slide 5: Our global footprint
Our global footprint Commodity revenue mix (FY25, % payable metal by value) Group 1% 9% 16% 74% MATSA 1% 1% 9% 27% 62% Motheo 11% Legend 89% Copper Zinc Lead Gold Silver Note a. Sandfire’s effective interest in Black Butte is held via an 87% equity stake in TSX listed Sandfire Resources America Inc.
Slide 6: MATSA | The most modern mining complex in the Iberian Pyrite Belt
MATSA | The most modern mining complex in the Iberian Pyrite Belt Strong FY25 results reflect the growing resilience of the operation Key metrics FY25 FY24 YoY • Safe, consistent and predictable operation with a processing rate of 4.5Mt in FY25 Production Plant throughput Mt 4.5 4.5 0% • FY25 Underl
Slide 7: Motheo Operations
Motheo Operations World Copper Conference Asia 2025 | 7
Slide 8: Motheo | A high quality, strategic hub in a premier jurisdiction
Motheo | A high quality, strategic hub in a premier jurisdiction Kalahari Copper Belt(a) 14,407km2 of Sandfire landholding across the Kalahari Copper Belt Note a. As at 30 June 2025. World Copper Conference Asia 2025 | 8
Slide 9: Motheo | Overview
Motheo | Overview Sustainability and economic contribution A supportive Government and The remarkable journey of Motheo stable investment destination World Copper Conference Asia 2025 | 9
Slide 10: Motheo | Building a remarkable asset
Motheo | Building a remarkable asset October 2019 Early 2020 December 2020 Late 2020 July 2021 Sandfire acquires MOD Resources T3 DFS, A4 discovery and FID on 3.2Mtpa, pre-commit to KCB exploration tenure T3 mining licence approval, fast-track 5.2Mtpa consolidation begin construction September 2021
Slide 11: Motheo | Redefining the potential of the Kalahari
Motheo | Redefining the potential of the Kalahari Unlocked economies of scale by exceeding design capacity in FY25 Key metrics FY25 FY24 YoY Production • Expect to maintain plant throughput of 5.6Mtpa for the foreseeable future Plant throughput Mt 5.5 4.2 32% • Strong cost performance with the opera
Slide 12: Motheo | Increasing our reserves
A1 Pre-Feasibility Study – Resource Drilling Motheo | Increasing our reserves Completed Planned as at 30-Jun-25 Previous inferred drilling Targeting a minimum 15 years of reserve life within five years • Planned A1 infill drilling program completed in Q1 FY26 • Maiden reserve and pre-feasibility stu
Slide 13: Black Butte | Extending the Lower Copper Zone
Black Butte | Extending the Lower Copper Zone Johnny Lee Lower Copper Zone plan view(a) Fully permitted copper project in the United States • Potential to produce ~30ktpa of contained copper concentrate in its early years • Extension of high-grade mineralisation confirmed in the Johnny Lee Lower Cop
Slide 14: An increasingly strong balance sheet with enhanced flexibility
An increasingly strong balance sheet with enhanced flexibility Net debt1 $M Moving toward our targeted net cash position 500 400 • Established new $650M Corporate Revolver Facility (CRF) • Reduces ongoing financing costs 300 • Greatly improves near-term free cash flow 200 • Long dated with a single
Slide 15: Thank you
Thank you World Copper Conference Asia 2025 | 15
Slide 16: Group FY26 guidance
Group FY26 guidance FY26 guidance Corporate MATSA Motheo Group (FY25 actuals, CuEq restated on FY26 prices) & Other Production Ore processed (Mt) 4.6 (4.5) 5.6 (5.5) 10.2 (10.0) Copper (kt contained) 52 – 58 (55.0) 50 – 56 (52.3) 102 – 114 (107.2) Zinc (kt contained) 94 – 104 (91.2) - (-) 94 – 104 (
Slide 17: Appendix I
Appendix I SFR Exploration Results, Mineral Resources and Ore Reserves estimates The information in this presentation that relates to SFR’s Exploration Results, Mineral Resources or Ore Reserves is extracted from SFR’s ASX releases and is available at https://www.sandfire.com.au/where-we-operate/min
Slide 18: Contact Details
Contact Details +61 8 6430 3800 www.sandfire.com.au Corporate Head Office Level 2, 10 Kings Park Road West Perth WA 6005 Australia PO Box 1495 West Perth WA 6872 Australia
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