Slide 1: A Premier Australian Copper Producer
For personal use only A Premier Australian Copper Producer March 2014 Quarterly Report Presentation Webcast – Karl Simich, Managing Director & CEO 17 April 2014 Access this presentation at: http://www.brrmedia.com/event/122782 / http://www.sandfire.com.au S a n d f I r e R e s o u r c e s - A P r e
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer Forward-Looking Statements and Competent Person’s Statement 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 d
Slide 3: Agenda
Agenda March 2014 Quarterly Report Presentation For personal use only • Highlights • Safety • Mining • Processing • Sales • Operating Costs • Exploration • Summary 3
Slide 4: March 2014 Quarterly Highlights
March 2014 Quarterly Highlights Record production; increased Mineral Resource; financing completion test met Production and Operations For personal use only • March Qtr: 18,098t copper and 10,035oz gold produced; C1 cash cost of US$1.08/lb • 1.5Mtpa underground mining rate maintained; development of
Slide 5: Safety
Safety Continued sound safety performance • Continued decline in Total Recordable Injury Frequency Rate For personal use only (TRIFR) to 13.0 at Quarter-end (vs. 13.5 at December Quarter- end) • Additional focus on prevention of lacerations, strain and sprain injuries TRIFR 20 18 16 14 12 10 8 6 4 2
Slide 6: Mining Overview
Mining Overview 1.5Mtpa underground mining rate maintained; mine development continuing on schedule For personal use only UNDERGROUND • Four stopes on-line during the Quarter with four large stopes commencing in March-April 2014 • Underground mining rate of 1.5Mtpa maintained with 381,439t of underg
Slide 7: Processing
Processing Copper recoveries increased and improving further; strong concentrate production MILL THROUGHPUT For personal use only • 379,018t milled at average head feed grade of 5.3% Cu • Nameplate 1.5Mtpa throughput maintained RECOVERY • Copper recovery of 91% achieved treating underground ore • Go
Slide 8: Sales
Sales Copper and gold sales For personal use only • Quarterly sales of 20,867 tonnes of copper and 10,842 ounces of gold • Nine shipments completed for the Quarter including delayed shipment from December 2013 • Port Hedland and Geraldton Ports both operating well • 5,000+ tonnes concentrate holding
Slide 9: Quarterly Unit Operating Costs
Quarterly Unit Operating Costs C1 and total production costs For personal use only Q3 FY2014 Unit costs – DeGrussa Mine Commentary (US$/lb) Mining (net of development) 0.51 Processing 0.33 Unit costs reduced in line with record copper and Business services 0.13 gold production Transport, treatment a
Slide 10: Exploration Update
Exploration Update Near-mine exploration delivering results; new regional exploration joint ventures • Increased high grade Mineral Resource: +29,000t Cu For personal use only and 41,000oz Au (net of mining depletion) • 35,935 m of RAB, RC and diamond drilling completed • Underground drilling contin
Slide 11: Near-Mine Exploration: the Next Steps
Near-Mine Exploration: the Next Steps Underground diamond drilling continuing throughout 2014 targeting resource additions and repeats For personal use only 11
Slide 12: Near-Mine Exploration: the Next Steps (Conductor 4)
Near-Mine Exploration: the Next Steps Underground diamond drilling continuing throughout 2014 targeting resource additions and repeats For personal use only CONDUCTOR 4 • Down-plunge extensions of 2175 C4 DDD Conductor 4 drilled out from 2200 C4 diamond 2200 C4 DDD drill drive and being incorporated
Slide 13: Near-Mine Exploration: the Next Steps (Conductor 5)
Near-Mine Exploration: the Next Steps Underground diamond drilling continuing throughout 2014 targeting resource additions and repeats CONDUCTOR 5 For personal use only • Conductor 5 resource definition drilling program • Conductor 5 exploration drilling program • Drilling to commence in 2H CY2014 w
Slide 14: Dominant Position in an Emerging VMS Province
Sandfire – Dominant Position in an Emerging VMS Province Consolidating a strong position in Western Australia’s emerging Bryah Basin VMS copper-gold province For personal use only • Only operating base metals processing plant in the region (1.5Mtpa DeGrussa Concentrator) • Outstanding organic growth
Slide 15: Investment in WCB Resources
Investment in WCB Resources Opportunity to participate in a potential Tier-1 porphyry copper-gold discovery on Misima Island • Low-cost, low-risk opportunity in a Tier-1 porphyry copper-gold play via $5.9M placement in WCB Resources (TSX-V: For personal use only WCB) • Key asset: 70% interest in Mis
Slide 16: Investment in WCB Resources
Investment in WCB Resources Near-mine exploration delivering results; new regional exploration joint ventures concluded • Principal target is the Misima Porphyry on Mt For personal use only Sisa, located on edge of historical gold deposit • Major copper-in-soils anomaly extending over 1.1km by 0.9km
Slide 17: Summary and Outlook
Summary and Outlook Record production quarter; strong outlook for 2H FY2014 • Record quarterly production and cost performance: For personal use only • 18,098t copper, 10,035oz gold production at C1 cost of US$1.08/lb • Financing completion test met • Strong outlook for second half of FY 2014: • FY2
Slide 18: Contact Details
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 Access this presentation at: http://www.brrmedia.com/event/122782 / htt