Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Q3 FY2019 Earnings Presentation
16 slides from Sandfire Resources's earnings presentation, Apr 18, 2019
Slide 1: March 2019 Quarterly Report Presentation and Webcast
March 2019 Quarterly Report Presentation and Webcast 18 April 2019 Access this presentation at: https://webcasting.boardroom.me dia/broadcast/5ca1887d7b79d12 cecbb786b or http://www.sandfire.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Sandfire Resources NL (Sandfire). This document contains information about Sandfire current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipien
Slide 3: Competent Person's Statements
Competent Person’s Statements DeGrussa and Monty Mineral Resource 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 Metallurgy. Mr Browne is a p
Slide 4: Competent Person's Statements
Competent Person’s Statements Exploration Results Doolgunna The information in this presentation that relates to Exploration Results is based on information compiled by Mr Shannan Bamforth who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Bamforth is a permanent employee of
Slide 5: Agenda
Agenda Highlights Safety Operations Guidance & Costs Development Exploration Summary Slide : 5
Slide 6: March 2019 Quarterly Highlights
March 2019 Quarterly Highlights Production and Operations ► March 2019 Quarter: 16,062t of contained copper and 10,921oz of contained gold produced; C1 US$0.92/lb ► FY2019 guidance strengthened: 66-68kt of contained copper and 40-42koz of contained gold; C1 costs ~US$0.90/lb ► First Monty Copper-Gol
Slide 7: Safety
Safety ► Total Recordable Injury Frequency Rate (TRIFR) of 7.1 at Quarter-end (vs. 7.3 at December 2018 Quarter-end) ► Principal hazard management – key theme to improve safety culture ► Focus continues to be applied to improving safety leadership, culture and assurance of critical controls 10 TRIFR
Slide 8: Operations – Mining
Operations – Mining Underground production ► DeGrussa ore production for the Quarter of 395,999t grading 4.26% Cu ► Monty ore production for the Quarter of 38,519t grading 3.74% Cu ► First Monty stoping ore mined as planned at lower grade as guided, scheduled to rise into June Quarter with higher gr
Slide 9: Operations – Processing
Operations – Processing Mill throughput ► Quarter: 413,688 tonnes milled at average feed grade of 4.21% Cu Recovery ► Copper recovery of 92.2%; Gold recovery 47.4% Concentrate & metal production ► 65,977 tonnes of concentrate produced ► 16,062 tonnes of contained copper produced ► 10,921 ounces of c
Slide 10: Operations – Sales
Operations – Sales ► March 2019 Quarter: Sales of 72,762 tonnes of concentrate (dry) containing 17,521 tonnes of copper (16,766 tonnes payable) and 10,106 ounces of gold (9,368 ounces payable) ► 7 shipments completed for the Quarter Slide : 10
Slide 11: Operations – Unit Operating Costs
Operations – Unit Operating Costs Q3 - FY2019 Unit costs – DeGrussa Operations Commentary (US$/lb) Mining (net of development) 0.45 Processing 0.29 C1 costs have risen in line with guidance, impacted by: Business services 0.11 - Monty mining costs commencing with below LOM head Transport, treatment
Slide 12: Development and Growth – Black Butte Copper Project, USA
Development and Growth – Black Butte Copper Project, USA ► 86% stake in Black Butte Copper Project, central Montana (via stake in Sandfire Resources America Inc.) ► Advanced, high quality copper project in stable jurisdiction: – Mineral Resource: 18Mt at 3.3% Cu, 14g/t Ag, 0.10% Co for 597,000t of c
Slide 13: Doolgunna Exploration Overview
Doolgunna Exploration Overview ► Exploration continuing as a priority along highly prospective VMS corridor that hosts the DeGrussa and Monty deposits. – Continuation of major AC drilling programs to aid geological interpretation and provide quality geochemical coverage. – RC drilling at Morck Well,
Slide 14: Doolgunna Exploration Overview
Doolgunna Exploration Overview ► Exploration advancing at multiple prospects within Greater Doolgunna area ► 57,090m AC/RAB drilling ► 8,452m RC drilling ► 598m surface DD drilling ► Total Tenure – 6,674km2 Slide : 14
Slide 15: Summary & Outlook
Summary & Outlook ► Production and cost performance • Q3 FY2019: 16,062t of contained copper and 10,921oz of contained gold produced; C1 US$0.92/lb • FY2019 guidance strengthened: 66-68kt of contained copper and 40-42koz of contained gold; C1 costs ~US$0.90 • Monty first stoping ore mined ► Draft EI
Slide 16: Contact Details: Sandfire Resources NL
Contact Details: Sandfire Resources NL Registered Office and Principal Place of Business Level 2, 10 Kings Park Road, West Perth, Western Australia 6005 T +61 8 6430 3800 / F +61 8 6430 3849 www.sandfire.com.au Slide : 16