Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Q1 FY2014 Earnings Presentation
15 slides from Sandfire Resources's earnings presentation, Oct 24, 2013
Slide 1: A Premier Australian Copper Producer
For personal use only A Premier Australian Copper Producer September 2013 Quarterly Report Presentation Access this presentation at: Webcast – Karl Simich, Managing Director and CEO http://www.brrmedia.com/event/116580/ 24 October 2013 http://www.sandfire.com.au 1 S a n d f I r e R e s o u r c e s -
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Forward-Looking Statements and Competent Person’s Statement Forward-Looking Statements For personal use only • This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the d
Slide 3: Agenda
Agenda September 2013 Quarterly Report Presentation For personal use only • Highlights • Safety • Mining • Processing • Sales • Production, Cost and Capital • Exploration • Summary 3 S a n d f I r e R e s o u r c e s - A P r e m I e r A u s t r a l I a n C o p p e r P r o d u c e r
Slide 4: September 2013 Quarterly Highlights
September 2013 Quarterly Highlights Strong production quarter at upper end of guidance; ramp-up of underground mine; FY2014 guidance maintained Production and Operations For personal use only • 16,446t copper and 8,613oz gold produced; C1 cash cost of US$1.28/lb • 1.5Mtpa Concentrator throughput mai
Slide 5: Safety
Safety Continued sound safety performance • LTIFR of 4.4 at Quarter-end (vs. 4.4 at June For personal use only Quarter-end) • Long-term safety performance trend in line with DeGrussa Safety Plan • Safety intervention involving visual leadership undertaken to address poor performance during the Quart
Slide 6: Mining Overview
Mining Overview Transition to wholly underground operations For personal use only UNDERGROUND • Six stopes now on-line with several large stopes commenced • Open pit transitional ore blending has ceased • Underground mining rate of 1.4Mtpa for September 2013 – targeting 1.5Mtpa steady-state from Oct
Slide 7: Processing
Processing Ramp-up on track to achieve targeted production MILL THROUGHPUT For personal use only Tonnes • 377,719t milled at average head feed grade of 400,000 5.3% Cu 350,000 300,000 • Nameplate 1.5Mtpa throughput target achieved 250,000 since April 2013 200,000 150,000 RECOVERY 100,000 50,000 310,
Slide 8: Processing
Processing Ramp-up on track to achieve targeted production MILL THROUGHPUT For personal use only Concentrate • 377,719t milled at average head feed grade of 80,000 5.3% Cu 70,000 60,000 • Nameplate 1.5Mtpa throughput target achieved 50,000 since April 2013 40,000 30,000 RECOVERY 20,000 10,000 48,086
Slide 9: Quarterly Unit Operating Costs
Quarterly Unit Operating Costs C1 and total production costs For personal use only Q1 FY2014 Actual Q4 FY2013 Actual Unit costs – DeGrussa Mine Commentary (US$/lb) (US$/lb) Mining (net of development) 0.64 0.57 Unit cost reduction from the June 2013 Quarter driven by higher head Processing 0.33 0.45
Slide 10: Sales
Sales Copper and gold sales For personal use only • Quarterly sales of 15,764 tonnes of copper and 7,482oz of gold • Concentrate shipments progressing as scheduled • 9,000 tonnes concentrate holding at site and at port • Port Hedland and Geraldton Ports both operating well 10 S a n d f I r e R e s o
Slide 11: Underground Exploration Gathering Momentum
Underground Exploration Gathering Momentum C4/C5 declines mark beginning of a new chapter for DeGrussa For personal use only • Development of the C1 and C4/C5 declines well advanced from junction off Evans Decline • Underground drilling underway targeting depth extensions and repeats of C4 and C5 NO
Slide 12: Underground Exploration – C4 Extensions
Underground Exploration – C4 Extensions Drilling underway targeting down-plunge extensions of the Conductor 4 deposit For personal use only 12 S a n d f I r e R e s o u r c e s - A P r e m I e r A u s t r a l I a n C o p p e r P r o d u c e r
Slide 13: Summary
Summary Strong production quarter; exploration gathering momentum Strong production performance: For personal use only • • 16,446t copper and 8,613oz gold production at C1 unit cost of US$1.28/lb • Guidance of 65-75,000t copper and 35-45,000oz gold • C1 unit cost of US$1.05-1.15/lb maintained • Stro
Slide 14: A Premier Australian Copper Producer
For personal use only A Premier Australian Copper Producer September 2013 Quarterly Report Presentation Access this presentation at: Webcast – Karl Simich, Managing Director and CEO http://www.brrmedia.com/event/116580/ 24 October 2013 http://www.sandfire.com.au 14 S a n d f I r e R e s o u r c e s
Slide 15: Appendix: Competent Person's Statements
Appendix: Competent Person’s Statements Competent Person’s Statement – Mineral Resources and Open Pit Ore Reserves For personal use only • The information in this report that relates to Mineral Resources and Open Pit Ore Reserves is based on information compiled by Mr. Ekow Taylor who is a Member of