Slide 1: December 2016 Quarterly Report Presentation and Webcast
For personal use only December 2016 Quarterly Report Presentation and Webcast 24 January 2017 Access this presentation at: http://webcasting.boardroom.media/broadcast/587d3d20691f35760 202e2ba or http://www.sandfire.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Forward-Looking Statements For personal use only 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 form
Slide 3: Important Information and Disclaimer – Competent Person's Statements
Important Information and Disclaimer Competent Person’s Statement – Ore Reserves and Mine Plan For personal use only The information in this report that relates to Ore Reserves and Mine Plan is based on information compiled by Mr. Neil Hastings who is a Member of The Australasian Institute of Mining
Slide 4: Agenda
Agenda For personal use only ► Highlights ► Safety ► Mining ► Processing ► Sales ► Operating Costs ► Monty Project ► Exploration ► Summary & Outlook 4
Slide 5: December 2016 Quarterly Highlights
December 2016 Quarterly Highlights Production and Operations For personal use only ► December 2016 Quarter: 18,130t copper and 10,183oz gold produced; C1 US$0.81/lb ► December 2016 Half Year: 33,740t copper and 19,914oz gold produced; C1 US$0.92/lb ► FY2017 guidance maintained: 65-68kt of contained
Slide 6: Safety
Safety For personal use only ► Total Recordable Injury Frequency Rate (TRIFR) of 6.3 at Quarter-end (vs. 5.0 at September 2016 Quarter-end) ► Safety systems development and critical control management – ongoing ► Focus being applied to improving safety leadership, culture and assurance controls 30.0
Slide 7: Mining
Mining For personal use only Underground production and mine development ► Total ore production for the Quarter of 389,087 tonnes grading 4.8% Cu ► Mine remains in balance between production and back-fill ► Conductor 4 and 5 Decline development complete ► Underground pumping station, ventilation and
Slide 8: Processing
Processing For personal use only Mill throughput ► 413,625 tonnes milled at average head feed grade of 4.8% Cu Recovery ► Quarterly copper recovery of 91.3%; Gold recovery 44.6% (FY2017 guidance: copper ~91%, gold ~42%) ► Further improvements to recovery in FY2018 with additional rougher flotation c
Slide 9: Sales
Sales For personal use only ► Sales of 83,929 tonnes of concentrate (dry) containing 20,456 tonnes of copper (19,613 tonnes payable) and 12,309 ounces of gold (11,374 ounces payable) ► 8 shipments completed for the quarter 9
Slide 10: Unit Operating Costs
Unit Operating Costs Q2FY2017 1HFY2017 For personal use only Unit costs – DeGrussa Mine Commentary (US$/lb) (US$/lb) Mining (net of development) 0.38 0.40 Q2 copper production was higher in line with guidance, reducing USD C1 unit costs. Processing 0.25 0.27 C1 unit costs guided higher in 2HFY2017 d
Slide 11: Monty Project
Monty Project For personal use only ► Sandfire is Manager of the Springfield JV – interests Sandfire 70% / Talisman 30% ► Feasibility Study nearing completion; $3.9M (100%) budget ► Metallurgical testwork for comminution and flotation - complete ► Geotechnical and hydrogeological studies - complete
Slide 12: Doolgunna Exploration Overview
Doolgunna Exploration Overview For personal use only ► Exploration continuing as a priority along highly prospective VMS corridor that hosts the DeGrussa and Monty deposits: ► Continued AC and RC drilling at the Homestead project targeting anomalous geochemistry ► Completed 1,213m DDH hole under Mon
Slide 13: Doolgunna Exploration Overview
Doolgunna Exploration Overview ► Exploration advancing at multiple prospects within Greater Doolgunna area: For personal use only ► Over 34,000m AC focussed at Springfield and Ned’s Creek in the quarter ► Committed in ground spend with over 100,000m drilled FY to date ► Evolving mineralisation model
Slide 14: Summary & Outlook
Summary & Outlook For personal use only ► Production and cost performance: ► 1HFY2017: 33,740t contained copper, 19,914oz contained gold, C1 cost US$0.92/lb ► FY2017 guidance maintained: 65-68kt contained copper, 35-40koz contained gold, C1 cost US$0.95-1.05/lb ► Monty Feasibility Study and Ore Rese
Slide 15: Contact Details: Sandfire Resources NL
For personal use only Contact Details: Sandfire Resources NL Registered Office and Principal Place of Business Level 1, 31 Ventnor Avenue, West Perth, Western Australia 6005 T +61 8 6430 3800 F +61 8 6430 3849 www.sandfire.com.au 15