Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Investor Presentation (February 2020)
26 slides from Sandfire Resources's investor presentation, Feb 3, 2020
Slide 1: Spreading our wings in Botswana - Investor Presentation, Cape Town
For personal use only Spreading our wings in Botswana Optimisation of T3 Feasibility Study underway Beginning our transformation to a global, diversified and sustainable metals company Early exploration success Investor Presentation - Cape Town, South Africa - February 2020
Slide 2: Moving to the Next Level as a Global Mining Company
For personal use only Sandfire │ Moving to the Next Level as a Global Mining Company ► Leading ASX-listed copper producer with strong track record of delivery ► FY2020 guidance 70-72kt Cu and 38-40koz Au at C1 costs ~US$0.90/lb ► Strong balance sheet with A$201.7m cash at 31 Dec 2019* and no debt ►
Slide 3: Corporate Overview and Key Assets
Corporate │ Overview and Key Assets Key Corporate Data Key Assets For personal use only Market Index ASX 200 Building a diversified portfolio of high-quality base metal assets Issued Capital 178 million shares Cash $201.7 million (31/12/2019) Debt Nil ~$1.1 billion at Market Capitalisation $6.00 sha
Slide 4: A Clear Vision for Growth and Value Creation
Sandfire │ A Clear Vision for Growth and Value Creation Corporate History – Strong track record of discovering, developing and delivering…. For personal use only 2004 2009 2011 2013 2016 2019 Sandfire listed on Discovery of high- DFS, development Official opening of Millionth tonne of Acquisition of
Slide 5: Sandfire APAC
For personal use only Sandfire APAC DeGrussa Operations, WA Exploration - DeGrussa Copper-Gold Mine - Greater Doolgunna Project, WA - Monty Copper-Gold Mine - East Coast Portfolio (NSW, Qld) Slide: 5
Slide 6: APAC High-Grade, High-Margin Production Profile
Sandfire APAC │ High-Grade, High-Margin Production Profile CUMULATIVE PRODUCTION TO END OF FY2019 For personal use only over 470,000 Debt-free with a rising production profile and harvesting cash TONNES OF CONTAINED COPPER 275,000 OUNCES OF CONTAINED GOLD $3.6 billion $1.7 billion IN CUMULATIVE SALE
Slide 7: APAC DeGrussa Operations
Sandfire APAC │ DeGrussa Operations ► 1.6Mtpa Concentrator fed by two underground For personal use only mines – DeGrussa and Monty ► 7-year track record of consistent delivery ► High-grade Monty ore successfully introduced this year, tonnes and grade ramping up ► FY2020 guidance: 70-72kt Cu and 38-4
Slide 8: Monty Copper-Gold Mine – Head Grade Increasing
For personal use only Sandfire APAC │ Monty Copper - Gold Mine – Head Grade Increasing ► Extensive grade control drilling program completed recently on existing Ore Reserve of 0.92Mt at 8.7% Cu and 1.4g/t Au for 80kt Cu and 42koz Au ► Geometry of ultra-high grade deposit and stope design now defined
Slide 9: APAC Doolgunna Exploration
Sandfire APAC │ Doolgunna Exploration Sandfire has more than tripled its ground position in the past two years For personal use only • Strategic 6,940km2 footprint across the Bryah Basin – both 100% and through multiple joint ventures • 80km strike length of prospective VMS lithologies – strategic f
Slide 10: APAC Outlook for FY2020
Sandfire APAC │ Outlook for FY2020 ► Production guidance 70-72kt Cu, 38-40koz Au at C1 For personal use only costs ~US$0.90/lb ► Continued evaluation and feasibility work on mine life extension projects: • DeGrussa Oxide Copper Project • Tailings Retreatment Project • Regional projects ► Continued e
Slide 11: Sandfire EMEA
For personal use only Sandfire EMEA Tshukudu Operations, Botswana - T3 Copper-Silver Project - A4, T1 Expansion Projects - 11,700km2 exploration portfolio Slide: 11
Slide 12: EMEA Tshukudu Operations, Botswana
Sandfire EMEA │ Tshukudu Operations, Botswana ► 100%-owned T3 Copper-Silver Deposit and dominant exploration licence- For personal use only holding (~11,700km2) in under-explored Kalahari Copper Belt, Botswana ► Safe, democratic, politically stable and mining-friendly jurisdiction ► Supportive Gover
Slide 13: T3 – Advanced Development Asset
Sandfire EMEA │ T3 – Advanced Development Asset T3 Reserves & Resources T3 Site Layout4 For personal use only Tonnes Copper Silver Ore Reserves1 (Mt) (%) Kt (g/t) Moz Proven - - - - - Probable 34.4 1.0 342.7 13.2 14.6 Total 34.4 1.0 342.7 13.2 14.6 Process Tonnes Copper Silver Plant Mineral Resource
Slide 14: Tshukudu – Belt-scale Exploration Opportunity
Sandfire EMEA │ Tshukudu – Belt-scale Exploration Opportunity ► Highly prospective, under-explored region containing sedimentary- Significant Landholding (~11,700km2) For personal use only style copper deposits (similar to Zambia/DRC Copper Belt) ► Outstanding near-mine growth potential: • T3 Expans
Slide 15: Tshukudu – Expanded Exploration Program
Sandfire EMEA │ Tshukudu – Expanded Exploration Program ► Expanded exploration commenced in Image of stacked airborne EM CDI sections showing the conductive A4 Dome in For personal use only November 2019 with three key objectives: proximity to the T3 Dome and the planned T3 Project open pit • To tar
Slide 16: Large-Scale Near-Mine Exploration Target at A4
Sandfire EMEA │ Tshukudu – Large-Scale “Near-Mine” Exploration Target at A4 A4 Dome – Significant intersections prior to Sandfire drilling ► Initial reconnaissance drilling (~20 For personal use only holes) by MOD intersected good widths and grades ► Drilling defined a target area of 1,600m by 800m
Slide 17: Tshukudu – Emerging Discovery at A4 Dome?
Sandfire EMEA │ Tshukudu – Emerging Discovery at A4 Dome? ► Significant zone of vein-hosted and disseminated copper Cross Section through A4 Dome Located only 8km from T3 For personal use only intersected at shallow depth with best intercepts in first 5 holes including: ► MO-A4-022D: 38m @ 1.1% Cu a
Slide 18: Tshukudu – Unlocking the Broader Opportunity
Sandfire EMEA │ Tshukudu – Unlocking the Broader Opportunity EASTERN END COPPER BELT – Khoemacau For personal use only Eroded domes & anticlines, partial calcrete cover, extensive oxidation, strong Cu soil anomalies 20 years exploration, >6Mt Cu in resources Effective exploration tool : soil geochem
Slide 19: Tshukudu Operations – Outlook for FY2020
Sandfire EMEA │ Tshukudu Operations – Outlook for FY2020 Optimisation of T3 Feasibility Study underway, including mine For personal use only ► scheduling, plant size optimisation ► ESIA approval expected soon with Mining Licence application to follow ► Optimised Feasibility Study and Ore Reserve exp
Slide 20: Sandfire AMER
For personal use only Sandfire AMER Sandfire Resources America Inc (85%) - Black Butte Copper Project, Montana, USA Slide: 20
Slide 21: AMER Black Butte Copper Project, USA
Sandfire AMER │ Black Butte Copper Project, USA ► Advanced, high-quality underground copper project in Tier-1 location For personal use only ► 85% stake in the Black Butte copper project via interest in Sandfire Resources America Inc. (TSX-V: SFR) ~A$60M invested to date ► One of the top-10 undevelo
Slide 22: Black Butte Copper Project – Outlook for FY2020
Sandfire AMER │ Black Butte Copper Project – Outlook for FY2020 Feasibility Study advanced on For personal use only ► highly engineered, state-of-the-art underground mine ► Very small surface footprint – will be 100% reclaimed ► Mine design, layout and geology ensures that water quality and quantity
Slide 23: Summary: Moving to the Next Level as a Global Mining Company
For personal use only Summary │ Moving to the Next Level as a Global Mining Company Strong foundations with +7 year track record of delivery Record production in FY19, further growth in FY20 Strong balance sheet Aggregating quality copper development assets MOD acquisition adds a third global hub Co
Slide 24: Important Information and Disclaimer
Important Information and Disclaimer Currency in AUD unless otherwise stated. For personal use only This presentation has been prepared by Sandfire Resources Ltd (Sandfire or the Company). This document contains background information about Sandfire current at the date of this presentation. The pres
Slide 25: Competent Person's Statements
Competent Person’s Statements DeGrussa and Monty Mineral Resource For personal use only 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.
Slide 26: Spreading our wings in Botswana
For personal use only Optimisation of T3 Spreading our wings in Botswana Feasibility Study underway Beginning our transformation to a global, diversified and Early exploration success in sustainable metals company Botswana Investor Presentation - Cape Town, South Africa - February 2020
Sandfire Resources — Investor Presentation (February 2020) on 6ix