Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Africa Down Under Conference 2022
26 slides from Sandfire Resources's conference presentation, Aug 31, 2022
Slide 1: Africa Down Under Conference Presentation
For personal use only Africa Down Under Conference Presentation Karl Simich, CEO and Managing Director 31 August 2022
Slide 2: Important Information and Disclaimer
For personal use only Important Information and Disclaimer This presentation has been prepared by Sandfire Resources Ltd (Sandfire or the Company) and contains information about Sandfire Key assumptions current at the date of this presentation. The presentation is in summary form, has not been indep
Slide 3: Our Strategy
For personal use only Our Strategy Execute Sustain and Grow Accelerate Align and Empower Optimise Capital Delivery Our Production Discovery Our People Strategy and Pipeline Engagement Our Values Honesty Respect Collaboration Accountability Performance 3
Slide 4: Where we operate
For personal use only Where we operate Scale One of the largest copper-focused miners on the ASX Future-facing Producing copper, a critical metal for a low-carbon future Growth Pivoting to new long-life mines in Spain, Botswana and USA Exploration Four world-class mineral provinces Operating Mines D
Slide 5: Sustainable production
Sustainable production For personal use only From high-quality assets in Tier-1 locations MATSA Copper Operations, Spain Black Butte Copper Project, USA (87%) FY2023G: 60-65kt Cu; 78-83kt Zn LOM Avg Production: 23ktpa Cu Cu Zn Pb Ag Cu Ag Feasibility 1.2Mtpa 8+ years Producing 4.7Mtpa 12 + years Low
Slide 6: A momentous months: key achievements in FY2022
For personal use only A momentous 12 months Our key achievements in FY2022 In US$ Acquired the Raised A$1.248B Production $922.7M Delivering a major People, culture, world-class equity and $795M growth Sales revenue new copper mine values and MATSA Copper debt FY2022: in Botswana sustainability Oper
Slide 7: Motheo Copper Project
For personal use only Motheo Copper Project Motheo Copper Mine Exploration • 5.2Mtpa Processing Facility • Motheo Expansion Project • T3 Open Pit Development • Kalahari Copper Belt tenure • A4 Open Pit Development
Slide 8: Supporting our communities
For personal use only Motheo Supporting our communities Our Motheo community framework pillars Community Health Education Women Empowerment Youth Development Improved outcomes for Encourage attendance in Support equality, Promote training and the physical and mental schools, improve learning inclusi
Slide 9: Building a world-class copper mine
For personal use only Motheo Copper Project Building a world-class copper mine Development of the Motheo Copper 5.2Mtpa Motheo Expansion Case Sandfire intends to fund the Mine (3.2Mtpa): DFS: development of the Motheo Copper • Proceeding on time with first Mine through a combination of cash Positive
Slide 10: 5.2Mtpa Motheo Expansion
For personal use only 5.2Mtpa Motheo Expansion Expansion Case DFS Combined Total Ore Reserve for both DFS shows outstanding project Total development capital for the Motheo the A4 Deposit and T3 Deposit: economics from an expanded 5.2Mtpa Copper Project expansion case • 49.6Mt at 1.0% Cu and 14g/t A
Slide 11: 5.2Mtpa Motheo Expansion production profile
For personal use only 5.2Mtpa Motheo 60,000 1.20 Expansion 50,000 1.00 Copper production ramping up to peak ~55ktpa 40,000 0.80 Tonnes 30,000 0.60 20,000 0.40 10,000 0.20 - - 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Financial Year T3 Copper Contribution A4 Copper Contribution Mine
Slide 12: Proposed Mine Layout
For personal use only Motheo Copper Mine Proposed Mine Layout 12
Slide 13: 5.2Mtpa Construction & Development Capital
For personal use only 70 23.6 400 Motheo Copper Mine 60 350 5.2Mtpa Construction 300 & Development Capital 50 250 40 Millions In US$ Millions 200 30 Development capital estimated at $397.4M 150 (displayed in graph) • Motheo (3.2Mtpa and T3) $325.5M 20 100 • Motheo (5.2Mtpa expansion and A4) $71.9M 1
Slide 14: Motheo Exploration
For personal use only Motheo Exploration Dominant position in an emerging belt Land holding more than 26,000km2 of the Kalahari Copper Belt • Under explored and globally significant copper terrane • Only 643 holes drilled in 15 years of regional exploration • Regional geophysical data collection to
Slide 15: Motheo Exploration: A1 Dome
For personal use only Motheo Exploration A1 Dome The next highly prospective exploration target • 19km from the Motheo Processing Facility • Similar structural and lithological setting as T3 and A4 domes • More than 9km strike length of the prospective lower D'Kar formation identified through drilli
Slide 16: Development and Construction Pictorial Update
For personal use only Motheo Copper Mine Development and Construction Pictorial Update
Slide 17: Development and Construction Pictorial Update: Mine Village
Motheo Copper Mine Development and Construction Pictorial Update For personal use only Motheo Mine Village • 752 rooms completed and in use • Village buildings all completed • Landscaping planning underway 17
Slide 18: T3 Open Pit Mining Continues
Motheo Copper Mine Development and Construction Pictorial Update For personal use only T3 Open Pit Mining Continues • AMS pre-strip work on a 24-hour basis • All 4 Excavators - 2 EX1900 and 2 EX2600 operational • Initial fleet of 12 trucks on site and operational • 890,000 BCM total material movemen
Slide 19: TSF under construction
Motheo Copper Mine Development and Construction Pictorial Update For personal use only TSF under construction TSF under construction • Bulk waste haulage and placement 75% complete • AMS bulk waste North Wall (foreground) • Lining and basin preparation progressing • Basin liner and drainage progress
Slide 20: T3 Deposit Mine Pit area and Dewatering Ponds
Motheo Copper Mine Development and Construction Pictorial Update For personal use only T3 Deposit Mine Pit area Dewatering Ponds Area • Stage 1 Pit and haul road network • Dewatering pond lining underway • Clearing for temporary water storage pond underway • Haul roads nearing completion 20
Slide 21: Process Plant and Mining Services Area overview
Motheo Copper Mine Development and Construction Pictorial Update For personal use only Motheo Process Plant area overview Mining Services Area overview • Process Plant with ROM pad in background • AMS Mining workshop foundations advanced • Administration buildings (right of picture) now in use • Cri
Slide 22: Process Plant area and Substation area
Motheo Copper Mine Development and Construction Pictorial Update For personal use only Motheo Process Plant area Substation area • Primary crusher and ROM wall in foreground • 132/11kV Substation civils and mechanical complete • Final lift of ROM wall back-fill underway • 11kV Switch room in foregro
Slide 23: Primary Crushing, ROM Backfill, Water Service area
Motheo Copper Mine Development and Construction Pictorial Update For personal use only Primary Crushing ROM Backfill Water Service area • View over partially erected • Upper ROM backfill progressing • Water Service area progressing stockpile feed conveyor 23
Slide 24: Tank and Mechanical install, Grinding
Motheo Copper Mine Development and Construction Pictorial Update For personal use only Tank and Mechanical install Grinding Grinding • Reagent tanks installed, • SAG Mill operating floor ready • HV MCC under construction mechanical install progressing for Mill installers 24
Slide 25: Key Takeaways
For personal use only Key Takeaways Strong growth platform Global vision Copper-dominant mining Our transformation into a diversified, operations in Spain and Australia international and sustainable mining generating strong operating cash- company flows New Production Hubs Strong Pipeline Refreshed
Slide 26: Contact Details
For personal use only Contact Details +61 8 6430 3800 +61 8 6430 3849 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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