Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Sandfire Resources NL — Resources Roundup (May 2010)
23 slides from Sandfire Resources's conference presentation, May 11, 2010
Slide 1: Resources Roundup
For personal use only ASX Code: SFR Resources Roundup 11 May 2010 1
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Competent Person’s Statement The information in this public presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Mr John Evans who For personal use only is a Fellow of the Australasian Institute of Mining and
Slide 3: Building a Quality Australian Mining Company
Building a Quality Australian Mining Company… High-grade DeGrussa Copper- For personal use only Gold Project within potential VMS camp at Doolgunna: JORC compliant resource Definitive Feasibility Study to commence by Q4, CY 2010 Well-funded and aggressive exploration World-class lead-zinc-silver pot
Slide 4: Corporate Information
Corporate Information Issued Share Capital 129.1M ordinary fully paid shares Board For personal use only Options 10.8M KARL SIMICH Managing Director/CEO Cash (30 April 2010) A$61 million W. JOHN EVANS Executive Technical Director Major Shareholders % JONGHUN JONG Non-executive Director - POSCO 17 -
Slide 5: Doolgunna Copper-Gold Project
Doolgunna Copper-Gold Project High-grade DeGrussa Copper-Gold For personal use only Project discovered April 2009 Initial JORC compliant resource (two lenses): 7.13Mt @ 5.2% Cu, 1.9g/t Au, 15g/t silver 372,000t Cu metal, 439,000oz gold, 3.4Moz silver Scoping Study underway Aggressive near-mine drill
Slide 6: Doolgunna Project – Location
Doolgunna Project – Location 395km2 tenement package For personal use only originally pegged by renowned prospecting geologist, Graeme Hutton Dominant position in Bryah Basin – emerging VMS potential Established mining district with excellent infrastructure: Great Northern Highway runs through the m
Slide 7: Drilling Success
DeGrussa Project – Drilling Success Conductor 1 lens discovered For personal use only after drilling strong EM anomaly in mid-2009 +160 holes completed to date featuring broad widths of high- grade mineralisation including: • 53m @ 17.3% Cu, 2.5 g/t Au from 146m (DGDD-001) – DeGrussa • 25m @ 3.4% Cu
Slide 8: Mineral Resource
DeGrussa Project – Mineral Resource Independent JORC compliant Mineral Resource estimate for DeGrussa and Conductor 1 deposits: 7.13Mt at 5.2% copper, 1.9g/t gold and 15g/t silver For personal use only Reported above 1.0% Cu lower cut-off grade Tonnes Cu Au Ag Cu Au Ag (Mt) % g/t g/t (k tonnes) (k o
Slide 9: 3D Geological Model
DeGrussa Project – 3D Geological Model For personal use only 10
Slide 10: 3D Geological Model
DeGrussa Project – 3D Geological Model For personal use only 11
Slide 11: 3D Geological Model
DeGrussa Project – 3D Geological Model For personal use only 12
Slide 12: Conductor
DeGrussa Project – Conductor 4 For personal use only New massive sulphide lode discovered ~200m east and ~120m stratigraphically below Conductor 1 • 5.1m @ 15% Cu, 3.7 g/t Au from 671m (DGDD-016) – Conductor 4 • 18m @ 5.5% Cu, 2.0g/t Au from 628m (DGDD-035) – Conductor 4 • 4.4m @ 4.2% Cu, 2.7g/t Au
Slide 13: Conductor
DeGrussa Project – Conductor 4 Significant new intersections For personal use only recorded: • 3.4m of massive sulphides from 594m (DGDD-115) • 1.8m of massive sulphides from 555m and 14.4m of massive sulphides from 562 (DGDD-135) • 15m of massive sulphides from 544m and 2.7m from 562m (DGDD-129) •
Slide 14: Chalcocite Zone
DeGrussa Project – Chalcocite Zone For personal use only Significant zone of near-surface, high-grade mineralisation Outstanding initial assays: • 28.7m @ 52.3% Cu, 1.1g/t Au, 12m @ 16.5% Cu, 2.6g/t Au, 6.0m @ 20.8% Cu, 2.0g/t Au, 3.0m @ 19.8% Cu, 6.2g/t Au (DGDD-134) • 22.0m @ 25.5% Cu, 2.6g/t Au (
Slide 15: Development
DeGrussa Project – Development Scoping Study underway For personal use only Environmental and project approvals process proceeding 17km2 Mining Lease Application (MLA) lodged March 2010 Metallurgical test work underway Assessment of gas supply options Preliminary mine planning and geotechnical work
Slide 16: Key Components and Infrastructure
DeGrussa Project – Key Components and Infrastructure Open pit and underground mining operation For personal use only On-site concentrator Concentrate to be trucked to Geraldton for export Other supporting infrastructure to include: Gas and/or diesel-fired power station Borefield and pipelines Airstr
Slide 17: Development
DeGrussa Project – Development 2010 2011 2012 For personal use only Description 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 Scoping Study Pre-Feasibility Study Definitive Feasibility Study Project Financing Construction Mining Ore Production 18
Slide 18: Doolgunna – Regional Exploration
Doolgunna – Regional Exploration 395 sq km tenement For personal use only package Major airborne EM surveys completed Up to 17 conductive features identified to date, providing targets for future exploration 2010 regional drilling targeting priority VTEM anomalies $15-20M budget for exploration in 2
Slide 19: Background on VMS Deposits
Background on VMS Deposits Volcanogenic massive sulfide (VMS) ore deposits are a type of metal For personal use only sulfide ore deposit (mainly copper, zinc and lead) created by volcanic- associated hydrothermal events in submarine environments D. F. Sangster from the Geological Survey of Canada co
Slide 20: Background on VMS Deposits
Background on VMS Deposits VMS districts analysed in the study are outlined in the table below For personal use only Another VMS example: Xstrata’s Kidd Creek Mine - in operation since 1966, expected to produce until 2017 at depths of approx. 2,900m Reported above 1.0% Cu lower cutoff grade Number o
Slide 21: Other Projects
For personal use only Other Projects 22
Slide 22: Borroloola Project
Borroloola Project +14,000sq km tenement position in For personal use only world-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 developme
Slide 23: 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 Pre-Feasibility Study underway moving to Definitive Feasibility Study in second half of 2010 Aggressive exploration programs underway targeting pot