Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Non-Deal Roadshow (November 2009)
27 slides from Sandfire Resources's roadshow presentation, Nov 2, 2009
Slide 1: The Doolgunna Copper-Gold Project
For personal use only The Doolgunna Copper-Gold Project ASX Code: SFR Global Investor Roadshow November 2009 1
Slide 2: Sandfire: A Snapshot
Sandfire: A Snapshot For personal use only • 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
Slide 3: Doolgunna Project – Location
Doolgunna Project – Location • 395km2 tenement package in For personal use only 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 pac
Slide 4: Doolgunna Project
Doolgunna Project For personal use only • 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 – Deposits
Doolgunna Project – • DeGrussa Deposit comprises For personal use only 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
Slide 6: Doolgunna Project – Drilling Success
Doolgunna Project – Drilling Success • Diamond drilling – DeGrussa and For personal use only 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 (D
Slide 7: Doolgunna Project – Diamond Drilling
Doolgunna Project – Diamond Drilling For personal use only • 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
Slide 8: Doolgunna Project – Drilling Success
Doolgunna Project – Drilling Success For personal use only • 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- 01
Slide 9: DeGrussa / Conductor - Cross Section
DeGrussa / Conductor 1 - Cross Section For personal use only 9
Slide 10: DeGrussa / Conductor - Cross Section
DeGrussa / Conductor 1 - Cross Section For personal use only 10
Slide 11: DeGrussa / Conductor - Cross Section
DeGrussa / Conductor 1 - Cross Section For personal use only 11
Slide 12: Drilling Results to Date – Conductor
Drilling Results to Date Conductor 1 Copper-Gold Deposit - Intersections For personal use only 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.
Slide 13: Drilling Results to Date – DeGrussa
Drilling Results to Date DeGrussa Copper-Gold Deposit - Intersections For personal use only 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
Slide 14: Conductor 4
Conductor 4 For personal use only • 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 stratigrap
Slide 15: Conceptual Mine Development
Conceptual Mine Development For personal use only • Preliminary scoping assessments underway • Primary ore commences ~100m below surface • Steeply dipping to near vertical Conductor 1 and DeGrussa deposits amenable to extraction via centrally located decline • Potential 1-1.5Mtpa operation based on
Slide 16: Doolgunna Operation Conceptual Flow Sheet
Doolgunna Operation Conceptual Flow Sheet For personal use only 16
Slide 17: Doolgunna Project Development Pathway
Doolgunna Project Development Pathway Airstrip Negotiate Charter Award Charter Commence Flights Agreement Contract to Site Surface Buildings For personal use only Mine Services Finalise Study Camp Award EPCM Commence Requirements and Contracts Construction Power Station Designs Gas Pipeline Negotiat
Slide 18: The Bigger Picture
The Bigger Picture For personal use only • 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 fe
Slide 19: Doolgunna…Building Momentum
Doolgunna…Building Momentum For personal use only • 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 su
Slide 20: Other Projects
For personal use only Other Projects 20
Slide 21: Borroloola Project
Borroloola Project • +14,000sq km tenement position in world- For personal use only 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 de
Slide 22: Corporate Information
Corporate Information For personal use only 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$11.6 million Major Shareholders % POSCO 17.5 High Net Worth 15.0 Founders/Board 14.6 Last M
Slide 23: People
People MILES KENNEDY, Non-executive Chairman (Lawyer) For personal use only • developed largest gold producer in New Zealand; • developed +$A300 million diamond producer in Western Australia; • +25 years in resource sector. KARL SIMICH, Managing Director (Chartered Accountant) • developed largest go
Slide 24: Summary and Outlook
Summary and Outlook For personal use only • 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 •
Slide 25: Disclaimer and Important Information
Disclaimer and Important Information For personal use only • 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 sufficien
Slide 26: Forward-Looking Statements and Disclaimer
Forward-Looking Statements and Disclaimer For personal use only 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
Slide 27: The Doolgunna Copper-Gold Project
For personal use only The Doolgunna Copper-Gold Project ASX Code: SFR Global Investor Roadshow November 2009 27
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