Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Q2 FY2019 Earnings Presentation
16 slides from Sandfire Resources's earnings presentation, Jan 30, 2019
Slide 1: December 2018 Quarterly Report Presentation and Webcast
December 2018 Quarterly Report Presentation and Webcast 30 January 2019 Access this presentation at: https://webcasting.boardroom.me dia/broadcast/5c1ae6ccfab04b546 1986c07 or http://www.sandfire.com.au Slide : 1
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Sandfire Resources NL (Sandfire). This document contains information about Sandfire current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipien
Slide 3: Competent Person's Statements
Competent Person’s Statements DeGrussa and Monty Mineral Resource The information in this report that relates to the DeGrussa and Monty Mineral Resource is based on information compiled by Mr Callum Browne who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Browne is a permane
Slide 4: Competent Person's Statements
Competent Person’s Statements Exploration Results Doolgunna The information in this presentation that relates to Exploration Results is based on information compiled by Mr Shannan Bamforth who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Bamforth is a permanent employee of
Slide 5: Agenda
Agenda Highlights Safety Operations Guidance & costs Development Exploration Summary Slide : 5
Slide 6: December 2018 Quarterly Highlights
December 2018 Quarterly Highlights Production and Operations ► December 2018 Quarter: 16,888t of contained copper and 10,427oz of contained gold produced; C1 US$0.85/lb ► 1H FY2019: 34,813t of contained copper and 21,567oz of contained gold produced; C1 US$0.87/lb ► FY2019 guidance maintained: upper
Slide 7: Safety
Safety ► Total Recordable Injury Frequency Rate (TRIFR) of 7.3 at Quarter-end (vs. 8.6 at September 2018 Quarter-end) ► Principal hazard management – key theme to improve safety culture ► Focus continues to be applied to improving safety leadership, culture and assurance of critical controls 10 TRIF
Slide 8: Operations – Mining
Operations – Mining Underground production ► Total DG ore production for the Quarter of 392,115t grading 4.67% Cu ► DG Mine remains in balance between production and back-fill ► First Monty development ore mined as planned • Stoping ore scheduled from March 2019 Quarter Slide : 8
Slide 9: Operations – Processing
Operations – Processing Mill throughput ► Quarter: 402,488 tonnes milled at average feed grade of 4.57% Cu Recovery ► Copper recovery of 91.7%; Gold recovery 42.3% Concentrate & metal production ► 69,805 tonnes of concentrate produced ► 16,888 tonnes of contained copper produced ► 10,427 ounces of c
Slide 10: Operations – Sales
Operations – Sales ► December 2018 Quarter: Sales of 83,480 tonnes of concentrate (dry) containing 20,047 tonnes of copper (19,203 tonnes payable) and 13,345 ounces of gold (12,426 ounces payable) ► 1H FY2019: Sales of 136,183 tonnes of concentrate (dry) containing 32,715 tonnes of copper (31,329 to
Slide 11: Operations – Unit Operating Costs
Operations – Unit Operating Costs Q2 - FY2019 1H - FY2019 Unit costs – DeGrussa Mine Commentary (US$/lb) (US$/lb) Mining (net of development) 0.41 0.40 C1 costs being assisted by: - Strong copper and gold production Processing 0.30 0.29 - Reduced FX rate Business services 0.12 0.11 - Increasing gold
Slide 12: Development and Growth – Black Butte Copper Project, USA
Development and Growth – Black Butte Copper Project, USA ► 86% stake in Black Butte Copper Project, central Montana (via stake in Sandfire Resources America Inc.) ► Advanced, high quality copper project in stable jurisdiction: – Mineral Resource: 18Mt at 3.3% Cu, 14g/t Ag, 0.10% Co for 597,000t of c
Slide 13: Doolgunna Exploration Overview
Doolgunna Exploration Overview ► Exploration continuing as a priority along highly prospective VMS corridor that hosts the DeGrussa and Monty deposits. – Continuation of major AC drilling program through the Morck Well Project to aid geological interpretation and provide quality geochemical coverage
Slide 14: Doolgunna Exploration Overview
Doolgunna Exploration Overview ► Exploration advancing at multiple prospects within Greater Doolgunna area ► 47,041m AC/RAB drilling ► 3,850m RC drilling ► 2,898m surface DD drilling ► Total Tenure – 6,588km2 Slide : 14
Slide 15: Summary & Outlook
Summary & Outlook ► Production and cost performance • 1H FY2019: 34,813t of contained copper and 21,567oz of contained gold produced; C1 US$0.87/lb • FY2019 guidance maintained: upper end of both 63-67kt of contained copper and 37-40koz of contained gold; C1 costs lowered to ~US$0.90-0.95/lb • Monty
Slide 16: Contact Details: Sandfire Resources NL
Contact Details: Sandfire Resources NL Registered Office and Principal Place of Business Level 2, 10 Kings Park Road, West Perth, Western Australia 6005 T +61 8 6430 3800 / F +61 8 6430 3849 www.sandfire.com.au 16 Slide : 16