Slide 1: June 2016 Quarterly Report Presentation and Webcast
For personal use only June 2016 Quarterly Report Presentation and Webcast 28 July 2016 Access this presentation at: http://webcasting.brrmedia.com/broadcast/578d8bd6 fdce524636710cbb or www.sandfire.com.au Monty resource drill hole TLGT0001 – high grade massive bornite
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer 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 date of this presentation. The presentation is in summary form
Slide 3: Important Information and Disclaimer – Competent Person's Statements
Important Information and Disclaimer Competent Person’s Statement – Ore Reserves and Mine Plan For personal use only The information in this report that relates to Ore Reserves and Mine Plan is based on information compiled by Mr. Neil Hastings who is a Member of The Australasian Institute of Mining
Slide 4: Agenda
Agenda For personal use only ► Highlights & Guidance ► Safety ► Mining and Processing ► Sales ► Operating Costs ► Exploration ► Summary & Outlook 4
Slide 5: June 2016 Quarterly Highlights
June 2016 Quarterly Highlights Record annual copper production; Monty Feasibility Study and Mining Lease Application; Company net debt-free Production and Operations For personal use only ► June 2016 Qtr: 17,827t copper and 11,227oz gold produced; C1 US$0.85/lb ► FY2016: 68,202t copper and 37,612oz
Slide 6: June 2016 Quarterly Highlights
June 2016 Quarterly Highlights Record annual copper production; Monty Feasibility Study and Mining Lease Application; Company net debt-free For personal use only Corporate and Financial ► $20M DeGrussa Amortising Finance Facility fully repaid at 30 June 2016 ahead of schedule ► Total debt reduced to
Slide 7: Safety
Safety Continued sound safety perfomance For personal use only ► Total Recordable Injury Frequency Rate (TRIFR) of 6.3 at Quarter-end (vs. 10.3 at March 2016 Quarter-end) – reflects 2 injuries ► Exploration driller sustained serious crush injuries when his leg was trapped by the hydraulic ‘breakout’
Slide 8: Mining
Mining Production rates on target For personal use only Underground production and mine development ► Total ore production for the Quarter of 421,218 tonnes grading 5.1% Cu ► Production for FY17 ~ 1.55 Mt with rates from Q2 onwards at 1.6 Mtpa ► Mine remains in balance between production and back-fi
Slide 9: Processing
Processing Processing rates on target For personal use only Mill throughput ► 406,237 tonnes milled at average head feed grade of 4.9% Cu ► Milling rates to continue at ~1.6Mtpa for FY2017 at planned 4.5%Cu Recovery ► Quarterly copper recovery of 90.5%; Gold recovery 42.3% (FY2016 guidance: copper ~
Slide 10: Sales
Sales Copper & Gold Sales For personal use only ► June 2016 Qtr: Sales of 17,484 tonnes of contained copper (16,761 tonnes payable) and 10,275 ounces of contained gold (9,515 ounces payable) ► FY2016: 282,012 tonnes of concentrate sold; containing 68,653 tonnes of copper (65,832 tonnes payable) and
Slide 11: Unit Operating Costs
Unit Operating Costs C1 and total production costs For personal use only Unit costs – DeGrussa Mine Q4FY2016 FY2016 Commentary (US$/lb) (US$/lb) Mining (net of development) 0.34 0.34 Solid quarterly copper production maintaining low C1 cost levels Processing 0.26 0.32 Low reported C1 assisted by hig
Slide 12: Monty Project
Monty Project Maiden Monty Mineral Resource delivered; MLA lodged; Feasibility Study commenced For personal use only ► Sandfire is Manager of the Springfield JV – interests Sandfire 70% / Talisman 30% ► Maiden JORC 2012 compliant Mineral Resource estimate: ► Total Indicated and Inferred Mineral Reso
Slide 13: Doolgunna Exploration Overview
Doolgunna Exploration Overview Looking to the next discovery For personal use only ► Monty is the first VMS deposit to be delineated outside of DeGrussa mining complex ► Confirms the potential for the overall Doolgunna VMS field to host multiple centres of mineralisation ► Exploration continuing as
Slide 14: Doolgunna Exploration Overview
Doolgunna Exploration Overview Monty resource drill-out completed; maiden resource delivered; exploration continuing Exploration advancing at other prospects within Greater Doolgunna area: For personal use only ► ► Homestead Prospect ~12km south west of DeGrussa (Sandfire 100%) ► C5 East mineralised
Slide 15: Summary & Outlook
Summary & Outlook Strong quarter and year; net cash position; growth through exploration and discovery success For personal use only ► Production and cost performance: ► FY2016: 68,202t contained copper, 37,612oz contained gold, C1 cost US$0.95/lb ► FY2017 guidance: 65-68kt contained copper, 35-40ko
Slide 16: Contact Details: Sandfire Resources NL
For personal use only Contact Details: Sandfire Resources NL Registered Office and Principal Place of Business Level 1, 31 Ventnor Avenue, West Perth, Western Australia 6005 T +61 8 6430 3800 F +61 8 6430 3849 www.sandfire.com.au 16