Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Q4 2021 Earnings Presentation
20 slides from Sandfire Resources's earnings presentation, Jan 20, 2022
Slide 1: December 2021 Quarterly Report Presentation
December 2021 Quarterly Report Presentation Karl Simich, Managing Director & CEO 20 January 2022 Access the live webcast of this presentation commencing at 10.00am (AWST) / 1.00pm (AEDT) at the link below: SANDFIRE WEBCAST SANDFIRE RESOURCES - CREATING V A L U E T H R O U G H OPORTUNITY
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Sandfire Resources Ltd (Sandfire or the Company) and contains information about Sandfire current at the date of this presentation. The presentation is in summary form, has not been independently verified and does not purport
Slide 3: Strategy: Creating value through opportunity
Execute Delivery Strategy Build a Sustainable Production Pipeline Our Purpose Accelerate Discovery ‘Creating value through opportunity’ Align and Empower Our People Optimise Capital Strategy and Engagement Page: 3 Slide: 8
Slide 4: Highlights December 2021 Quarter
● DeGrussa Operations: 18,675t of contained copper and 8,739oz of contained gold at C1 US$1.07/lb: ● FY2022 production guidance maintained: 64-68kt Cu and 30-34koz Au ● FY2022 C1 cost guidance increased to: ~US$1.10-$1.20/lb ● Maiden Indicated Mineral Resource estimate complete for the Old Highway G
Slide 5: Safety, health and wellbeing
Safety, health and wellbeing • Total Recordable Injury Frequency Rate (TRIFR) of 6.9 at Quarter- end (5.6 at September 2021 Quarter-end). HSEC • Continued focus on employee and contractor health and wellbeing The safety, health during the COVID-19 pandemic Qasa the beekeeper explaining the and wellb
Slide 6: Strong foundations in Western Australia
Doolgunna Strong foundations in Western Australia DeGrussa Operations (WA) Exploration - DeGrussa Copper-Gold Mine - Greater Doolgunna Province, WA - Monty Copper-Gold Mine - East Coast Portfolio, NSW Page: 6
Slide 7: DeGrussa Operations Physicals
MINING PROCESSING SALES ________________ ___________ _____ 23.60 448,828 23.20 439,959 C1: DeGrussa US$1.07/lb Operations 325,922 Production: December Quarter 18,675t Cu Physicals 8,739z Au Tonnes contained FY2021 Sales: Production: 17,074t Cu 122,906 70,854t 7,467ozCu 39,459oz containedAu 5.55 79,1
Slide 8: DeGrussa Operations | Operating costs and capital
DeGrussa Operations | Operating costs and capital Q2 FY2022 Unit operating costs (US$/lb) • December Quarter C1 operating costs of Mining 0.47 US$1.07/lb remain marginally above budget Processing 0.29 driven by higher power costs due to diesel price and higher shipping and demurrage Business service
Slide 9: Doolgunna | Old Highway Gold Deposit Maiden Resource
Doolgunna | Old Highway Gold Deposit Maiden Resource Cut-off Maiden Indicated Mineral Resource Resource grade Tonnes Au Au • 2.8Mt at 2.5g/t for 223,000oz of contained gold Area Category (g/t Au) (Mt) (g/t) (koz) • 20km WSW of DeGrussa Copper-Gold Mine Non-Central Area (Open Pit) Indicated 0.6 2.3 1
Slide 10: Doolgunna | Old Highway Central Deeps exploration drilling
Doolgunna | Old Highway Central Deeps exploration drilling Resource extension drilling underway • 24 hole ~9,100m diamond drill program commenced, focused on extending the high-grade mineralisation in ‘Central Deeps’. • The deepest holes from this program will test ~200m below the currently defined
Slide 11: Doolgunna Dual-track exploration strategy
Gold Processing Pipeline East Shed Well, Cow Hole Bore and SE Robinson Range Red Bore Copper Exploration Pipeline Data integration and First-pass exploration of tenure DHEM Doolgunna south of Horseshoe Lights Gold Processing Pipeline In-fill drilling at Cuba Dual-track exploration Gold Processing Pi
Slide 12: Expanding horizons in Botswana and Namibia
Kalahari Expanding horizons in Botswana and Namibia Kalahari (Botswana and Namibia) - Motheo Copper Mine - Motheo Expansion Project - Extensive Kalahari exploration portfolio (Botswana and Namibia) Page: 12
Slide 13: Motheo Copper Mine Development Timeline
Motheo Copper Mine Development Timeline Mining License Approval & Land Titles Accommodation Village EMP Process Plant Engineering & Pre-Construction Works Accommodation Facility 132KV Powerline & Substations Design & Construction Process Plant Construction Mining Contractor Mobilisation & Establishm
Slide 14: Motheo Copper Mine Key progress
• Development is proceeding on schedule and on budget. • AMS (Perenti) has mobilised to site and recently delivered mining equipment is being assembled. Motheo Copper • Bulk earthworks well advanced. Primary Crusher Vault Mine • Civils contractor mobilised to site and has poured over 1,000m3 of conc
Slide 15: Kalahari Exploration – Priority Target Areas
Kalahari Exploration – Priority Target Areas T14, T5, T45 • Fleet increased to 10 drill rigs in 3 AEM and geochem targets November. along >60km structural zone 1 drill rig testing T45 A1 Dome, T1 and T2E • Motheo Expansion Project T23, T4, T46 Follow up initial intersections remains a high priority
Slide 16: Black Butte Montana, USA
Black Butte Montana, USA Black Butte Copper Project (Montana, USA) - Johnny Lee Deposit - Lowry Deposit Page: 16
Slide 17: Black Butte Montana, USA
• Enhancement of Feasibility Study being progressed. • 14,000m resource definition core drilling program at the Lowry deposit. • The Lowry deposit is not covered by the Black Butte current Mine Operating Permit. • Inferred Mineral Resource of 8.3 million Montana, USA tonnes at 2.4% Cu. • Lowry Prefe
Slide 18: Key takeaways December 2021 Quarter
Global vision – Spanish authority approval of transformational acquisition of MATSA Strong growth platform – DeGrussa cash-flows, $1,654m Key takeaways cash at 31 December 2021 New production hub – December 2021 construction of expanded 5.2Mtpa Motheo Copper Mine in Quarter Botswana progressing well
Slide 19: Competent Person's Statements
Competent Person’s Statements A4 Ore Reserve The information in this presentation that relates to the A4 Open Pit Ore Reserve, is based on information compiled by Mr Jake Fitzsimons who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Fitzsimons is employed by Orelogy Consultin
Slide 20: Contact Details
Contact Details Level 2, 10 Kings Park Road, West Perth WA 6005 Australia PO BOX 1495, WEST PERTH WA 6872 AUSTRALIA +61 8 6430 3800 +61 8 6430 3849 www.sandfire.com.au SANDFIRE RESOURCES - CREATING V A L U E T H R O U G H OPORTUNITY