Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Q1 FY2020 Earnings Presentation
16 slides from Sandfire Resources's earnings presentation, Oct 24, 2019
Slide 1: September 2019 Quarterly Report Presentation and Webcast
September 2019 Quarterly Report Presentation and Webcast 24 October 2019 Access this presentation at: https://webcasting.boardroom.media/broadcast/5d93f6e68577be1aeb89355a or http://www.sandfire.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Sandfire Resources NL (Sandfire or the Company). This document contains information about Sandfire current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or com
Slide 3: Competent Person’s Statements
Competent Person’s Statements DeGrussa and Monty Mineral Resource The information in this presentation that relates to the DeGrussa and Monty Mineral Resource is based on information compiled by Mr Callum Browne who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Browne is a p
Slide 4: Highlights
Highlights Production • September 2019 Quarter: 16,730t of contained copper and 8,647oz of contained gold produced; C1 US$0.87/lb • FY2020 Guidance: Narrowed to 70-72kt of contained copper and 38-40koz of contained gold; C1 costs ~US$0.90-0.95/lb Development • Acquisition of MOD Resources Ltd (ASX:
Slide 5: Safety
Safety DeGrussa Operations - Safety • Total Recordable Injury Frequency Rate (TRIFR) of 4.7 at Quarter-end (vs. 6.2 at June 2019 Quarter-end) • Principal hazard management – key theme to improve safety culture • Focus continues to be applied to improving safety leadership, culture and assurance of c
Slide 6: DeGrussa Operations – Mining
DeGrussa Operations – Mining Underground production • DeGrussa ore production for the Quarter of 349,675t grading 3.9% Cu • Monty ore production for the Quarter of 50,939t grading 3.7% Cu • Total ore production for the Quarter of 400,614t grading 3.9% Cu • Monty grade control drilling continues to f
Slide 7: DeGrussa Operations – Processing
DeGrussa Operations – Processing Mill throughput Concentrate & metal production • Quarter: 423,739t milled at average feed grade of 4.3% Cu • 69,932t of concentrate produced Recovery • 16,730t of contained copper produced • Quarter: Copper recovery of 91.8%; Gold recovery 39.5% • Full year guidance
Slide 8: DeGrussa Operations – Sales
DeGrussa Operations – Sales ► September 2019 Quarter: Sales of 74,289t of concentrate (dry) containing 17,709t of copper (16,948t payable) and 9,897oz of gold (9,131oz payable) ► 7 shipments completed for the Quarter Slide : 8
Slide 9: DeGrussa Operations – Unit Operating Costs
DeGrussa Operations – Unit Operating Costs Q1 FY2020 Unit operating costs (US$/lb) Commentary Mining (net of development) 0.46 • C1 costs assisted by lower USD:AUD FX at 0.68 versus guidance set at 0.70 Processing 0.27 • DeGrussa Mine development $11M - FY2020 Guidance: $39M Business services 0.12 •
Slide 10: Doolgunna Exploration Overview
Doolgunna Exploration Overview Exploration continuing as a priority along highly prospective VMS corridor that hosts the DeGrussa and Monty deposits: – Continuation of major regional AC drilling programs to aid geological interpretation and provide quality geochemical coverage – RC and DD at Morck W
Slide 11: Doolgunna Exploration Overview
Doolgunna Exploration Overview Exploration advancing at multiple prospects within Greater Doolgunna area. ► 82,148m AC/RAB drilling ► 7,553m RC drilling ► 5,680m surface DD drilling Slide : 11
Slide 12: MOD Acquisition – Key Growth Step for Sandfire
MOD Acquisition – Key Growth Step for Sandfire • Implementation of Scheme of Arrangement with MOD Significant Landholding (~11,700km2) Resources Ltd (ASX:MOD) complete • Integration of MOD’s people, assets and systems well advanced • Optimisation of T3 Feasibility Study underway • ESIA approval and
Slide 13: T3 Copper-Silver Project Overview
T3 Copper-Silver Project Overview1 Open Pit Copper Development Project With >11 Year Life T3 March 2019 Feasibility Study • 6 stage single open pit mine plan Mine Plan Ore Tonnes Mined 34.4Mt • Designed to partly defer CAPEX Average Grade (Cu) 1.0% Copper in Concentrate 318.4kt Concentrate Grade (Cu
Slide 14: Development and Growth – Black Butte Copper, USA
Development and Growth – Black Butte Copper, USA • 85% stake in the Black Butte Copper Project, central Montana (via stake in Sandfire Resources America Inc.) • Advanced, high quality copper project in stable jurisdiction • Environmental Impact Statement (EIS) and Record of Decision (ROD) expected D
Slide 15: Summary & Outlook
Summary & Outlook • Production and cost performance: – 1QFY2020: 16,730t of contained copper and 8,647oz of contained gold produced; C1 US$0.87/lb; – FY2020 guidance: 70-72kt of contained copper and 38-40koz of contained gold; C1 costs US$0.90-0.95/lb; • Scheme of Arrangement to acquire MOD Resource
Slide 16: September 2019 Quarterly Report Presentation and Webcast
September 2019 Quarterly Report Presentation and Webcast 24 October 2019 Access this presentation at: https://webcasting.boardroom.media/broadcast/5d93f6e68577be1aeb89355a or http://www.sandfire.com.au