Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Shareholder Meeting (November 2009)
25 slides from Sandfire Resources's shareholder meeting presentation, Nov 27, 2009
Slide 1: The Doolgunna Copper-Gold Project
The Doolgunna Copper-Gold Project ASX Code: SFR Annual General Meeting 27 November 2009 1
Slide 2: Sandfire: A Snapshot
Sandfire: A Snapshot • Recent high-grade VMS copper-gold discovery at Doolgunna Project, 900km north of Perth • Two high-grade deposits discovered to date – DeGrussa, Conductor 1 • Targeting maiden JORC resource by Q1 2010 • Exciting new discovery to the east of DeGrussa – Conductor 4 • Regional exp
Slide 3: Doolgunna Project – Location
Doolgunna Project – Location • 395km2 tenement package in Peak Hill Mineral Field originally pegged by renowned prospecting geologist, Graeme Hutton • Established mining district with excellent infrastructure: • Great Northern Highway runs through the middle of the tenement package • Goldfields Gas
Slide 4: Doolgunna Project
Doolgunna Project • Two thick overlying high- grade copper-gold deposits delineated so far: • DeGrussa • Conductor 1 • Recent new discovery 200m to the east: • Conductor 4 • Tenements cover 22km strike length of prospective Narracoota Volcanics – regional drilling underway 4
Slide 5: Doolgunna Project
Doolgunna Project – • DeGrussa Deposit comprises steeply dipping to near- vertical zone of very high- grade copper-gold mineralisation (+ zinc and silver) • Underlying Conductor 1 deposit discovered by drilling strong ground EM anomaly • Conductor 1 outlined over lateral strike extent of ~350m (east
Slide 6: Doolgunna Project – Drilling Success
Doolgunna Project – Drilling Success • Highly successful drilling featuring broad widths of high-grade mineralisation including: • 53.2m @ 17.3% Cu, 2.6 g/t Au from 146.1m (DGDD-001) – DeGrussa • 25.1m @ 3.4% Cu, 1.6 g/t Au, 1.5% Zn from 319.0m (DGDD-001) – Conductor 1 • 50.1m @ 8.4% Cu, 2.9 g/t Au,
Slide 7: Doolgunna Project – Drilling Success
Doolgunna Project – Drilling Success • 9.1m @ 34.1% Cu, 3.3 g/t Au from 121.0m (DGDD-014) – DeGrussa • 38.9m @ 4.7% Cu, 2.2 g/t Au, 2.2% Zn from 130.0m (DGDD-014) – DeGrussa • 30.0m @ 8.6% Cu, 2.8 g/t Au from 187.0m (DGDD-014) – DeGrussa • 26.1m @ 7.3% Cu, 3.1 g/t Au from 306.5m (DGDD-014) – Conduct
Slide 8: DeGrussa / Conductor 1 Cross Section
DeGrussa / Conductor 1 - Cross Section 8
Slide 9: DeGrussa / Conductor 1 Cross Section
DeGrussa / Conductor 1 - Cross Section 9
Slide 10: DeGrussa / Conductor 1 Cross Section
DeGrussa / Conductor 1 - Cross Section 10
Slide 11: Drilling Results to Date: Conductor 1 Intersections
Drilling Results to Date Conductor 1 Copper-Gold Deposit - Intersections Assay Resuts Assay Resuts Drill Hole Length (m) Drill Hole Length (m) Cu % Au g/t Zn % Ag g/t Cu % Au g/t Zn % Ag g/t DGRC-114 39.0 5.4 1.6 0.6 11.0 14.7 6.6 2.8 2.0 19.6 DGDD-037 DGRC-115 32.0 4.6 1.7 0.9 7.9 14.0 7.3 1.5 0.4
Slide 12: Drilling Results to Date: DeGrussa Intersections
Drilling Results to Date DeGrussa Copper-Gold Deposit - Intersections Assay Resuts Drill Hole Length (m) Cu % Au g/t 10.7 26.2 1.7 10.6 6.5 0.9 DGDD-001 31.9 17.9 3.5 53.2 17.3 2.6 61.7 15.1 2.3 DGDD-007 50.1 8.4 2.9 DGDD-008 40.6 6.6 2.4 DGDD-010 4.2 7.2 2.3 DGDD-011 1.8 3.1 1.6 28.2 2.8 3.8 DGDD-0
Slide 13: Conductor 4
Conductor 4 • 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 @ 5.4% Cu, 1.9g/t Au from 629m (DGDD-035) – Conductor 4 • 5m of sulphides/massive sulphides from 632m (DGDD-043) – Cond
Slide 14: Conceptual Mine Development
Conceptual Mine Development • Maiden resource expected Q1 2010 • Preliminary scoping assessments underway 14
Slide 15: Doolgunna Operation Conceptual Flow Sheet
Doolgunna Operation Conceptual Flow Sheet 15
Slide 16: Doolgunna Project Development Pathway
Doolgunna Project Development Pathway Airstrip Negotiate Charter Award Charter Commence Flights Agreement Contract to Site Surface Buildings Mine Services Finalise Study Camp Award EPCM Commence Requirements and Contracts Construction Power Station Designs Gas Pipeline Negotiate Gas Award Tailings C
Slide 17: The Bigger Picture
The Bigger Picture • DeGrussa/Conductor 1 cover just a small portion of the Doolgunna tenements which extend for 395 sq km • The tenements cover a 22km strike length of the prospective Narracoota Volcanics Horizon • A major airborne EM survey has been conducted • Up to 17 conductive features have be
Slide 18: Doolgunna…Building Momentum
Doolgunna…Building Momentum • Resource in-fill drilling continuing at DeGrussa/ Conductor 1 – on track for initial JORC resource by Q1 2010 • Drilling underway at new eastern discovery (Conductor 4) • Systematic testing underway of regional prospects identified from 150km2 EM survey • New 250km2 air
Slide 19: Other Projects
Other Projects @ SANDFIRE RESOURCES NI Darwin 6 2 gaia Basin @ Borroloola @ Sandfire Pilbara Craton Uran ve Mt Boggola Yannarie @ @,Doolgunna O Brisbane Yilgarn Craton Perth O O Sydney ©. Adelaide Oo Melbourne QO! Hobart 19
Slide 20: Borroloola Project
Borroloola Project • +14,000sq km tenement position in 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 development of manganese
Slide 21: Corporate Information
Corporate Information Issued Share Capital 107.1 million ordinary fully paid shares* *includes 8.4 million contributing shares with 15 cents to pay Options 10.8 million Cash (Nov 2009) A$9.3 million Major Shareholders % POSCO 17.5 High Net Worth/Funds 15.0 Founders/Board 14.6 Last Major Funding A$1.
Slide 22: People
People MILES KENNEDY, Non-executive Chairman (Lawyer) • developed largest gold producer in New Zealand; • developed +$A300 million diamond producer in Western Australia; • +25 years in resource sector. KARL SIMICH, Managing Director (Chartered Accountant) • developed largest gold producer in New Zea
Slide 23: Summary and Outlook
Summary and Outlook • Rapidly emerging VMS copper-gold project in WA • Well-funded exploration & resource development program underway • Targeting maiden JORC copper-gold resource for first two deposits by Q1 2010 • Regional exploration underway targeting potential VMS field • Strong and supportive
Slide 24: Disclaimer and Important Information
Disclaimer and Important Information • 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 Australasian Institute of Mining and Metallurgy. John Evans has sufficient experience which is
Slide 25: Forward-Looking Statements and Disclaimer
Forward-Looking Statements and Disclaimer Forward-Looking Statements This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the date of this presentation. The presentation is in summary form and does not purp
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