Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Q3 FY2020 Earnings Presentation
20 slides from Sandfire Resources's earnings presentation, Apr 17, 2020
Slide 1: March 2020 Quarterly Report Presentation and Webcast
For personal use only March 2020 Quarterly Report Presentation and Webcast 17 April 2020 Access this presentation at: https://webcasting.boardroom.media/broadcast/5e82b88152594f0ea9346036 or http://www.sandfire.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Sandfire Resources Ltd (Sandfire or the Company). This document contains information about Sandfire current at the date of this presentation. The presentation is in summary form, has not been independently verified and does
Slide 3: Competent Person's Statements
Competent Person’s Statements DeGrussa and Monty Mineral Resource For personal use only The information in this presentation 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 Metall
Slide 4: COVID-19 Response and Update
COVID-19 Response and Update Our people • Health and safety protocols developed in line with formal guidance of State health authorities For personal use only • Non-essential site personnel and head office personnel working from home • Enhanced workforce communication and promotion of Sandfire’s hea
Slide 5: COVID-19 Response and Update
COVID-19 Response and Update Production and sales For personal use only • Increasing ROM stocks • Maximising available storage capacity at the DeGrussa Operations • Securing additional supplies of consumables and critical spares Development • Optimisation of T3 Copper-Silver Project Feasibility Stud
Slide 6: March 2020 Quarter Highlights
March 2020 Quarter Highlights Production For personal use only • March 2020 Quarter: 17,936t of contained copper and 9,352oz of contained gold produced; C1 US$0.74/lb • FY2020 YTD: 52,924t of contained copper and 28,722oz of contained gold produced; C1 costs US$0.80/lb • FY2020 Guidance: Withdrawn s
Slide 7: Safety
Safety • Total Recordable Injury Frequency Rate (TRIFR) of 6.1 at Quarter-end (6.0 at December For personal use only 2019 Quarter-end) • Principal hazard management – driving continuous improvement in safety leadership, culture and assurance of critical controls 10 TRIFR 8 6 4 2 0 Sep'15 Mar'16 Sep'
Slide 8: DeGrussa Operations – Mining
DeGrussa Operations – Mining Underground production For personal use only • DeGrussa ore production for the Quarter of 302,791t grading 4.5% Cu and 1.8g/t Au • Monty ore production for the Quarter of 133,533t grading 7.3% Cu and 1.6g/t Au • Total ore production for the Quarter of 436,324t grading 5.
Slide 9: DeGrussa Operations – Ore Reserve and Mineral Resource
DeGrussa Operations – Ore Reserve and Mineral Resource Updated Underground Ore Reserve for the Ore Reserve Tonnes For personal use only DeGrussa and Monty Copper-Gold Mines: 6.0 5.0 5.5 • 4.2Mt grading 4.9% Cu and 1.6g/t Au for 203kt of 1.7 Million Tonnes 4.0 0.4 0.0 contained copper and 210koz of c
Slide 10: DeGrussa Operations – Processing
DeGrussa Operations – Processing Mill throughput Concentrate & metal production For personal use only • 382,605t milled at average feed grade of 5.0% Cu and 1.7g/t Au • 75,696t of concentrate produced Recovery • 17,936t of contained copper produced • Copper recovery of 94.0%; Gold recovery 45.3% • 9
Slide 11: DeGrussa Operations – Sales
DeGrussa Operations – Sales • March 2020 Quarter: Sales of 73,945t of concentrate (dry) containing 17,564t of copper (16,801t payable) For personal use only and 9,226oz of gold (8,369oz payable) • 7 shipments completed for the Quarter • FY2020 YTD revenue A$457M (unaudited) Slide : 11
Slide 12: DeGrussa Operations – Unit Operating Costs
DeGrussa Operations – Unit Operating Costs Q3 FY2020 FY2020 YTD For personal use only Unit operating costs (US$/lb) (US$/lb) Commentary Mining (net of development) 0.38 0.42 • Strong quarterly production driven by increasing Processing 0.25 0.26 Monty grades and associated recovery Business services
Slide 13: Doolgunna Exploration Overview
Doolgunna Exploration Overview Exploration continuing as a priority along highly prospective VMS corridor that hosts For personal use only the DeGrussa and Monty deposits: • Continuation of major regional AC drilling programs 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. For personal use only ► 51,494m AC/RAB drilling ► 4,550m RC drilling ► 873m underground DD drilling ► 266m surface DD drilling Slide : 14
Slide 15: Tshukudu, Botswana – T3 Feasibility Study
Tshukudu, Botswana – T3 Feasibility Study • Optimisation of T3 Copper-Silver Project Feasibility Study For personal use only Significant 100% licence holding (~11,700km2). Numerous drilling targets continuing • ESIA approval expected soon with Mining Licence Application to follow • Updated Feasibili
Slide 16: Tshukudu, Botswana – Exploration overview
Tshukudu, Botswana – Exploration overview Tshukudu Exploration Project strategy weighted towards targeting high-grade satellite discoveries with potential to expand the scale of T3: • Outstanding new results received during the Quarter from step-out drilling at the A4 discovery, 8km west of T3, exte
Slide 17: Tshukudu, Botswana – Exploration overview
For personal use only Tshukudu, Botswana – Exploration overview A4 resource drilling program showing significant intersections from results received to date and drill-hole collars plotted over magnetic image. Locations of the cross-sections in slide 16 highlighted. Slide : 17
Slide 18: Black Butte Copper, USA
Black Butte Copper, USA • 85% stake in the Black Butte Copper Project, central Montana For personal use only (via interest in Sandfire Resources America Inc.) • Advanced, high quality copper project in stable jurisdiction • NI 43-101 Mineral Resource estimate completed for the Johnny Lee Deposit, fo
Slide 19: Summary & Outlook
Summary & Outlook • COVID-19 response: For personal use only – Focus on health and safety of our people, contractors and communities – Increasing ROM stocks, securing additional supplies of consumables and critical spares – Production, cost and project timeline impacts under review • Production and
Slide 20: March 2020 Quarterly Report Presentation and Webcast
For personal use only March 2020 Quarterly Report Presentation and Webcast 17 April 2020 Access this presentation at: https://webcasting.boardroom.media/broadcast/5e82b88152594f0ea9346036 or http://www.sandfire.com.au