Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Diggers & Dealers 2010
22 slides from Sandfire Resources's conference presentation, Aug 2, 2010
Slide 1: The corridor of riches
The corridor of riches Opening the doors to the DeGrussa Mineral Field For personal use only Diggers & Dealers August 2010
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 For personal use only Evans who is a Fellow of the Australasian Institute of Mining an
Slide 3: The Corridor of Riches
The Corridor of Riches One of Australia’s most significant new mineral For personal use only discoveries... • Four deposits discovered in 15 months within 1.5km strike: • 9.62Mt @ 5.5% Cu, 1.8g/t Au, 14g/t Ag: • 533,000t copper metal • 559,000oz gold • 4.3Moz silver 3
Slide 4: Four Deposits, 100,000m of Drilling, Months…
Four Deposits, 100,000m of Drilling, 15 Months… For personal use only 4
Slide 5: Fourth high-grade VMS deposit, 250m NE of Conductor 4
Conductor 5 For personal use only • Fourth high-grade VMS deposit, 250m NE of Conductor 4 • Discovered by testing strong off- hole DHEM conductor • Four intersections to date, including: • 23.2m @ 6.3% Cu, 2.5g/t Au • 10.4m @ 7.8% Cu, 3.2g/t Au • 10.2m @ 9.2% Cu, 4.1g/t Au • Intensive drilling conti
Slide 6: The Corridor of Riches
The Corridor of Riches • Unprecedented exploration campaign underway For personal use only across 6km priority corridor at DeGrussa: • A$20-30M exploration budget • Recent A$93.9M placement and strategic alliance with global copper giant, LS-Nikko Copper Inc: • Underpins acceleration of DeGrussa exp
Slide 7: An Unprecedented Exploration Push
An Unprecedented Exploration Push • Australia’s most intensive For personal use only exploration campaign underway on the remaining 4.5km • Programs include: • Systematic deep drilling • Down-hole EM • 30amp surface EM in-fill survey • Extensive 200amp surface EM survey over 10km strike length – com
Slide 8: The Corridor of Riches
The Corridor of Riches For personal use only • And we’ve got another 398km2 to go.... 8
Slide 9: Project – Current Status
DeGrussa Project – Current Status • Phase II Resource completed (July 2010:) For personal use only • 9.62Mt @ 5.5% Cu, 1.8g/t Au, 14g/t silver • 533,000t copper metal, 559,000oz gold, 4.3Moz silver • Scoping Study nearing completion • Preliminary pit optimisations and design studies underway • Encou
Slide 10: Project – Current Status
DeGrussa Project – Current Status For personal use only • Established mining district with excellent infrastructure: • Great Northern Highway transects the tenement package • Goldfields Gas Transmission Pipeline nearby • Abundant fresh groundwater • Environmental and project approvals process procee
Slide 11: Project – Current Status
DeGrussa Project – Current Status For personal use only • Over 100,000m of diamond core drilling with 3,000m of RC pre-collars completed • Drilling predominantly on 40m X 40m spacings
Slide 12: Project – Phase II Mineral Resource
DeGrussa Project – Phase II Mineral Resource Independent (Coffey Mining) JORC compliant Mineral Resource estimate for DeGrussa, Conductor 1 and Conductor 4 deposits: 9.62Mt at 5.5% copper, 1.8g/t gold and 14g/t silver For personal use only Reported above 1.0% Cu lower cut-off grade Tonnes Cu Au Ag C
Slide 13: Project – 3D Geological Model
DeGrussa Project – 3D Geological Model For personal use only
Slide 14: Project – Key Components & Infrastructure
DeGrussa Project – Key Components & 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 pipeli
Slide 15: Project – 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 U/Ground Ore Production 15
Slide 16: Mineral Field – Regional Exploration
DeGrussa Mineral Field – Regional Exploration • Dominant 400 sq km For personal use only tenement package in emerging VMS field • Multiple conductive features • Identified from ground- based EM surveys to follow up airborne VTEM targets completed in 2009 • Priorities include coincident TEM and gravi
Slide 17: Other Projects
For personal use only Other Projects 17
Slide 18: 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 dev
Slide 19: Strategic Partnerships Driving Value
Strategic Partnerships Driving Value For personal use only 19
Slide 20: Corporate Information
Corporate Information For personal use only • Issued Share Capital 131.5M ordinary fully paid shares • Board Options 11.2M • Derek La Ferla Chairman • Cash (29 July 2010) A$54 million • Karl Simich Managing Director/CEO • W. John Evans Executive Technical Director • Major Shareholders % • Oz Mineral
Slide 21: Summary and Outlook
Summary and Outlook For personal use only • Rapidly growing VMS copper-gold project in WA • Unprecedented exploration & resource development program underway • Pre-Feasibility Study nearing completion • Definitive Feasibility Study commencing second half of 2010 • Strong and supportive major shareho
Slide 22: The corridor of riches
The corridor of riches Opening the doors to the DeGrussa Mineral Field For personal use only Diggers & Dealers August 2010