Slide 1: March 2024 Quarterly Presentation
For personal use only March 2024 Quarterly Presentation 30 April 2024 Access the live webcast commencing at 10.00am (AWST) / 12:00pm (AEDT) at the link below: SANDFIRE WEBCAST
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer For personal use only This presentation has been prepared by Sandfire Resources Ltd (Sandfire or the Company) and contains information about Sandfire Key assumptions current at the date of this presentation. The presentation is in summary form, has not been indep
Slide 3: Important Information and Disclaimer (cont.)
Important Information and Disclaimer (cont.) For personal use only SFR Mineral Resources and Ore Reserves estimates The information in this Presentation that relates to SFR’s Mineral Resources or Ore Reserves is extracted from SFR’s ASX releases and is available at https://www.sandfire.com.au/where-
Slide 4: Important Information and Disclaimer (cont.)
Important Information and Disclaimer (cont.) For personal use only Statutory and Non-statutory measures Sandfire adopts a combination of International Financial Reporting Standards (IFRS) and non-IFRS financial measures to assess performance. Underlying earnings measures, cash flows from operating a
Slide 5: Brendan Harris, Chief Executive Officer
Brendan Harris Chief Executive Officer For personal use only Motheo | 4
Slide 6: Our Values, Purpose and Strategic Pillars
Our Values Our Purpose We mine copper sustainably to energise the future For personal use only Honesty Our Strategic Pillars Accountability Deliver safe, consistent Reduce our Increase Demonstrate and predictable carbon intensity our reserves capital discipline performance Respect Our ESG framework
Slide 7: Progress towards our FY24 Goals
Progress towards our FY24 Goals FY24 Goals FY24 Progress • Co-created and published our new, shared Purpose • Foster a shared belief in Our Purpose For personal use only • Progressed development of our operating model (Sandfire Way) • Increase already high levels of employee engagement • Increased f
Slide 8: A safe business is a productive business
A safe business is a productive business Group TRIF of 1.9 in Q3 FY24 For personal use only • Increased from 1.5 at 31 December 2023 and 1.6 at 30 June 2023 • This trend and a rise in high-potential incidents highlights the work we have to do to ensure the health and well-being of our people Q3 FY24
Slide 9: Sustainability permeates everything we do
Sustainability permeates everything we do Framework agreement with the Yugunga-Nya For personal use only • Announced on 22 December 2023 • Designed to map issues, steps and relationships that will lead to the ongoing protection of cultural heritage at our DeGrussa operation • An important component
Slide 10: Megan Jansen, Chief Financial Officer
Megan Jansen Chief Financial Officer For personal use only MATSA | 9
Slide 11: Q3 FY24 Group summary
Q3 FY24 | Group summary • Group copper equivalent production of 33.1kt (+2% QoQ) Group metal production by value • Retained FY24 Copper Equivalent (CuEq) production guidance • Minor adjustments to broader FY24 guidance • $18M reduction in operating and exploration expenditure offset by $23M increase
Slide 12: Q3 FY24 Group cash flow analysis
Q3 FY24 | Group cash flow analysis Construction Mine devp Sustaining Exploration 1 1 6 4 11 21 10 1 - For personal use only MATSA Motheo Other 300 89 (94) 200 20 (17) 31 (55) 48 3 (13) 100 105 115 - A Motheo concentrate shipment -100 Q3 FY24 provisional that sailed toward the end of March invoices f
Slide 13: Brendan Harris, Chief Executive Officer
Brendan Harris Chief Executive Officer For personal use only Motheo | 12
Slide 14: Our global footprint
Our global footprint Chief Executive Officer & Managing Director Brendan Harris Chief Financial Chief Operating Chief People Chief Development Chief Sustainability Chief Legal & Officer Officer Officer Officer Officer Compliance Officer Megan Jansen Jason Grace Scott Browne Richard Holmes Cath Bozan
Slide 15: Our Strategy | Simple by design
Kalahari Copper Belt Our Strategy | Simple by design • Strongly placed to support the electrification and decarbonisation of the global economy through our ownership of two strategically valuable metal processing hubs in the Iberian Pyrite and Kalahari Copper belts, and For personal use only targete
Slide 16: Motheo | Q3 FY24 update
Motheo | Q3 FY24 update • Annualised throughput rate of 4.7Mt achieved during the quarter (Q2 FY24: 3.5Mt) Q3 FY24 Production Q3 FY24 Cost • Underlying mine operating cost increased by $5M QoQ to $42M with the ramp-up of activity • Includes controllable costs of $34M4 • 4.7Mtpa throughput • Underlyi
Slide 17: Motheo | Rapid and low-cost growth
Motheo | Rapid and low-cost growth • Well positioned to maintain minimum 5.2Mtpa throughput rate across Q4 FY24 Q3 FY24 FY24G FY24 production & cost guidance • New ball mill installation completed and commissioned • Minor alignment issue addressed during 3-day shutdown in early April • 4.1Mt through
Slide 18: Motheo | Increase our Reserves
Motheo | Increase our Reserves For personal use only A1- Maiden Inferred Resource1 5.6Mt @ 1.3% Cu, 10g/t Ag A4 – Drilling to test dip and strike extensions underway Drilling program to test high priority targets within ~70km of our T3 – Drilling to processing facility test footwall extension target
Slide 19: MATSA | Q3 FY24 update
MATSA | Q3 FY24 update • Achieved record average annualised mining rate of 4.7Mt in Q3 FY24 (Q2 FY24: 4.5Mtpa) • CuEq production of 21.4kt down 7% QoQ (Q2 FY24: 23.1kt) Q3 FY24 Production Q3 FY24 Cost • Blocked paste fill line temporarily restricted access to Aguas Teñidas Western Extension • Mining
Slide 20: MATSA | Operating strategy
MATSA | Operating strategy FY24G 3 Underground mines Central Processing Facility (4.5Mt total ore processed) Port of Huelva (4.6Mt total ore mined) For personal use only Improve stability and predictability Aguas Teñidas • Reduce mining dilution (2.05Mt) BUILD • Improve orebody knowledge • Build RoM
Slide 21: MATSA | Increase our Reserves
MATSA | Increase our Reserves Magdalena long-section • Update of MATSA Mineral Resource and Ore Reserve estimates underway • Will incorporate improved orebody knowledge and previously announced Olivo and San Pedro mineralisation • Olivo Zone previously identified to the West of Magdalena For persona
Slide 22: A strong foundation from which to grow
A strong foundation from which to grow +50% increase in CuEq production to 20251 For personal use only Contained metal (kt) 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 FY23 FY24 FY25 Cu Contained (t) Zn Cu Eq Contained (t) Pb Cu Eq Contained (t) Ag Cu Eq Contained (t) 1. 1. Refers
Slide 23: Group | Guidance
Group | Guidance Corporate FY24 Guidance (Previous guidance) MATSA Motheo & Other Group(b) Production Ore processed (Mt) 4.5 4.1 8.6 For personal use only Copper (kt contained) 58 39 97 Zinc (kt contained) 88 - 88 Lead (kt contained) 10 - 10 Silver (Moz contained) 2.6 1.2 3.8 Copper Equivalent(c) (k
Slide 24: Contact Details
For personal use only Contact Details +61 8 6430 3800 +61 8 6430 3849 www.sandfire.com.au Corporate Head Office Level 2, 10 Kings Park Road West Perth WA 6005 Australia PO Box 1495 West Perth WA 6872 Australia