Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Q2 FY2013 Earnings Presentation
19 slides from Sandfire Resources's earnings presentation, Jan 24, 2013
Slide 1: December 2012 Quarterly Update
For personal use only December 2012 Quarterly Update Karl Simich, Managing Director and CEO Access this webcast at: http://www.brrmedia.com/event/109349/?popup=true http://www.sandfire.com.au Page: 1
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Forward-looking statements and Competent Person’s Statement Competent Person’s Statement For personal use only • The information in this public presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Mr John Evan
Slide 3: Agenda
Agenda December 2012 Quarterly Update For personal use only • Highlights • Safety • Open pit mining • Underground mining • Processing • Production & Sales • Exploration • Summary Page: 3
Slide 4: December 2012 Quarterly Highlights
December 2012 Quarterly Highlights DeGrussa Copper Project ramping up to full production; exploration delivering results Contained metal September 2012 December 2012 For personal use only 1H FY2013 Project to Date production Quarter Quarter Copper (tonnes) 21,181 16,392 37,573 42,097 Gold (ounces) 6
Slide 5: Safety
Safety Further improvements in safety performance achieved at DeGrussa For personal use only • Continued downward trend in LTIFR and TRIFR • LTIFR of 3.0 at December Quarter-end • One lost time injury sustained for the Quarter • Safety performance in line with targets established in Safety Managemen
Slide 6: Open Pit Mining
Open Pit Mining Stage 1 open pit completed with all DSO extracted STAGE 1 For personal use only • Stage 1 completed – 7.7Mbcm of material mined, extracting: • 147,297t of DSO chalcocite @ 24.9% Cu (36,622t Cu metal) • 1.8Mt of oxide copper @ 1.2% Cu (21,500t Cu metal) • 134,000t of sulphide ore @ 6.
Slide 7: Underground Mining
Underground Mining Underground development and mining on schedule For personal use only • Evans Decline advanced to 2,026m from the portal • Total underground development 8,938m • 241,000t of sulphide ore grading 5.1% Cu and 1.9g/t Au mined to date from underground • Full underground mining rates on
Slide 8: Processing
Processing Ramp-up of 1.5Mtpa concentrator continuing • Concentrator commissioning commenced For personal use only • 251,016t of sulphide ore grading 4.9% Cu and 1.9g/t Au processed • 36,578t of concentrate grading 21.8% Cu and 3.3g/t Au produced • Mill throughput rates restricted due to commissioni
Slide 9: Processing
Processing Ramp-up of 1.5Mtpa concentrator continuing For personal use only • Steady improvement in concentrate grade achieved • Recoveries impacted by optimisation and commissioning processes • Copper production trended steadily upwards on a monthly basis: • 7,962t of contained copper produced • 3,
Slide 10: Copper and Gold Production
Copper and Gold Production DSO, concentrator and oxide gold production For personal use only • 37,573t of copper, 21,411oz of gold produced for 1HFY13 • 80% of first half copper production sourced from open pit DSO • DSO = 29,611t • Concentrator = 7,962t • 4,524t of copper and 3,303oz of gold produc
Slide 11: Sales
Sales Increasing metal sales For personal use only • Total sales for 1HFY13 of 34,001t of copper, 17,626oz of gold • 11 shipments of DSO chalcocite completed to China • First shipment of plant copper concentrate completed in late November • 136,000t of DSO and plant concentrate @ 26% Cu shipped • Th
Slide 12: Production Guidance
Production Guidance Guidance for metal production – copper and gold For personal use only Metal production To December 2012 2HFY13 – Guidance To June 2013 - Guidance Cu(kt) Au(koz) Cu(kt) Au(koz) Cu(kt) Au(koz) Concentrator 8 4 27-31 21 35-39 25 DSO 30 12 2 1 32 13 Oxide gold - 6 - 5 - 11 Total – 20
Slide 13: Exploration Summary
Exploration Summary Scientific, systematic approach to exploration delivering results For personal use only • Disciplined approach drawing on latest technology and expertise • Mapping, geophysics, geochemistry, seismic • $20M annual budget for DeGrussa • Structural interpretation from in-mine mappin
Slide 14: DeGrussa Near-Mine Exploration
DeGrussa Near-Mine Exploration Structural mapping from underground unlocking exciting new near-mine opportunities For personal use only Page: 14
Slide 15: Summary
Summary DeGrussa Copper Gold Project ramping up to full production; exploration delivering results For personal use only • Concentrator commissioning and ramp-up continuing • Optimisation of grade, recoveries and throughput advancing • On track for nameplate production rates by mid-CY2013 • Successf
Slide 16: December 2012 Quarterly Update
For personal use only December 2012 Quarterly Update Karl Simich, Managing Director and CEO Page: 16
Slide 17: Appendix: DeGrussa – Quarterly Mining & Production Summary
Appendix: DeGrussa – Quarterly Mining & Production Summary Strong production and sales performance Contained Copper Contained Gold December 2012 QTR Tonnes Grade (% Cu) Grade (g/t Au) For personal use only (t) (oz) Mined 43,912 19.2 4.0 8,420 5,707 DSO Crushed 47,652 17.7 4.1 8,430 6,241 DSO sales 6
Slide 18: Appendix: DeGrussa – Quarterly Mining & Production Summary
Appendix: DeGrussa – Quarterly Mining & Production Summary Strong production and sales performance Contained Copper Contained Gold FY2013 Year to Date Tonnes Grade (% Cu) Grade (g/t Au) For personal use only (t) (oz) Mined 130,001 24.4 3.1 31,775 12,932 DSO Crushed 118,448 25.0 3.1 29,611 11,783 DSO
Slide 19: Appendix: DeGrussa – Quarterly Mining & Production Summary
Appendix: DeGrussa – Quarterly Mining & Production Summary Strong production and sales performance Contained Copper Contained Gold Project to date Tonnes Grade (% Cu) Grade (g/t Au) For personal use only (t) (oz) Mined 147,297 24.9 3.3 36,622 15,447 DSO Crushed 134,605 25.4 3.3 34,135 14,120 DSO sal