Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Non-Deal Roadshow (March 2010)
23 slides from Sandfire Resources's roadshow presentation, Mar 4, 2010
Slide 1: Global Investor Roadshow
For personal use only Global Investor Roadshow ASX Code: SFR March 2010 1
Slide 2: 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: Maiden JORC compliant resource Definitive Feasibility Study to commence mid-CY 2010 Well-funded and aggressive exploration World-class lead-zinc-silver
Slide 3: Corporate Information
Corporate Information Issued Share Capital 128 million ordinary fully paid shares* Board For personal use only Options 10.9 million Cash (26 Feb 2010) A$52million* KARL SIMICH Chairman & Managing Director W. JOHN EVANS Executive Technical Director Major Shareholders % JONGHUN JONG Non-executive Dire
Slide 4: Doolgunna Copper-Gold Project
Doolgunna Copper-Gold Project Located 900km north of Perth and 150km For personal use only north of Meekatharra High-grade DeGrussa Copper-Gold Project discovered mid-2009 Phase 1 (Feb 2010) JORC compliant resource (two lenses): 7.13Mt @ 5.2% Cu, 1.9g/t Au, 15g/t silver 372,000t Cu metal, 439,000oz
Slide 5: 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 6: DeGrussa Project – Drilling Success
DeGrussa Project – Drilling Success Over 100 diamond drill holes For personal use only completed since discovery in mid-2009 Highly successful drilling featuring broad widths of high-grade mineralisation including: • 53.2m @ 17.3% Cu, 2.5 g/t Au from 146.1m (DGDD-001) – DeGrussa • 25.1m @ 3.4% Cu, 1
Slide 7: DeGrussa Project – Phase One Resource
DeGrussa Project – Phase One Resource Maiden independent JORC compliant 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 cutoff grade Tonnes Cu Au Ag Cu Au Ag (Mt) % g/t g/t (k tonnes) (k o
Slide 8: DeGrussa Project – 3D Geological Model
DeGrussa Project – 3D Geological Model For personal use only 8
Slide 9: DeGrussa Project – Conductor 4
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 670.9m (DGDD-016) – Conductor 4 • 17.7m @ 5.5% Cu, 2.0g/t Au from 628m (DGDD-035) – Conductor 4 • 4.4m @ 4.2% Cu, 2.7g/t
Slide 10: DeGrussa Project – Development
DeGrussa Project – Development For personal use only Scoping Study underway Environmental and project approvals process Mining Lease Application Metallurgical test work underway Assessment of gas supply options Preliminary mine planning and geotechnical work 10
Slide 11: DeGrussa Project – Schematic Mine Layout
DeGrussa Project – Schematic Mine Layout For personal use only 11
Slide 12: DeGrussa Project – Conceptual Flow Sheet
DeGrussa Project – Conceptual Flow Sheet For personal use only 12
Slide 13: DeGrussa Project … Building Momentum
DeGrussa Project … Building Momentum For personal use only Aggressive resource in-fill and extension drilling programs underway Phase II JORC compliant resource by Q2 CY 2010 To include Conductor 4, lens extensions and near-surface high-grade chalcocite zone Scoping Study activities well advanced De
Slide 14: Doolgunna – The Bigger Picture
Doolgunna – The Bigger Picture For personal use only 395 sq km Doolgunna tenement package covers ~22km strike length of prospective sequence within the Narracoota Volcanics 14
Slide 15: Doolgunna – Regional Exploration
Doolgunna – Regional Exploration Major airborne EM For personal use only surveys completed Up to 17 conductive features have been revealed, providing targets for future exploration 2010 regional drilling underway targeting priority VTEM anomalies $15-20M budget established for regional exploration i
Slide 16: 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 17: 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 18: Other Projects
For personal use only Other Projects 18
Slide 19: Other Projects
For personal use only Other Projects 19
Slide 20: 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 21: Summary & Outlook
For personal use only Outlook Summary & 21
Slide 22: 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
Slide 23: Important Information and Disclaimer
Important Information and Disclaimer Competent Person’s Statement The information in this report that relates to Exploration Results is based on information compiled by John Evans who is a Fellow of the For personal use only Australasian Institute of Mining and Metallurgy. John Evans has sufficient