Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Q2 FY2020 Earnings Presentation
17 slides from Sandfire Resources's earnings presentation, Jan 29, 2020
Slide 1: December 2019 Quarterly Report Presentation and Webcast
December 2019 Quarterly Report Presentation and Webcast 29 January 2020 Access this presentation at: https://webcasting.boardroom.media/broadcast/5e1d5892faf62d3f0d924845 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 and does not purport to be all inclusive or co
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: Highlights
Highlights Production • December 2019 Quarter: 18,258t of contained copper and 10,723oz of contained gold produced; C1 US$0.83/lb • 1HFY2020: 34,988t of contained copper and 19,370oz of contained gold produced; C1 costs US$0.84/lb • FY2020 Guidance: 70-72kt of contained copper and 38-40koz of contai
Slide 5: Safety
Safety • Total Recordable Injury Frequency Rate (TRIFR) of 6.0 at Quarter-end (4.7 at September 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 Dec'15 Mar'16 June'16 Sep'16 Dec
Slide 6: DeGrussa Operations – Mining
DeGrussa Operations – Mining Underground production • DeGrussa ore production for the Quarter of 316,431t grading 4.7% Cu (Q1FY2020 3.9% Cu) • Monty ore production for the Quarter of 91,473t grading 5.9% Cu, lifting in line with guidance (Q1FY2020 3.7% Cu) • Total ore production for the Quarter of 4
Slide 7: DeGrussa Operations – Mining
DeGrussa Operations – Mining Monty grade control drilling completed, defining ore body geometry and stope design Slide : 7
Slide 8: DeGrussa Operations – Processing
DeGrussa Operations – Processing Mill throughput Concentrate & metal production • Quarter: 402,626t milled at average feed grade of 4.9% Cu • 77,087t of concentrate produced Recovery • 18,258t of contained copper produced • Quarter: Copper recovery of 92.9%; Gold recovery 44.5% • DeGrussa crown pill
Slide 9: DeGrussa Operations – Sales
DeGrussa Operations – Sales • Quarter: Sales of 73,519t of concentrate (dry) containing 17,420t of copper (16,668t payable) and 9,776oz of gold (9,121oz payable) • 7 shipments completed for the Quarter • Half-year revenue A$313M – subject to auditor review Slide : 9
Slide 10: DeGrussa Operations – Unit Operating Costs
DeGrussa Operations – Unit Operating Costs Q2 FY2020 1H FY2020 Unit operating costs (US$/lb) (US$/lb) Commentary Mining (net of development) 0.43 0.44 • Strong quarterly production driven by increased grades and Processing 0.26 0.26 associated recovery Business services 0.13 0.12 • High by-product c
Slide 11: 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 regional AC drilling programs to aid geological interpretation and provide quality geochemical coverage • RC and DD at Morck W
Slide 12: Doolgunna Exploration Overview
Doolgunna Exploration Overview Exploration advancing at multiple prospects within Greater Doolgunna area. ► 64,848m AC/RAB drilling ► 5,319m RC drilling ► 4,440m underground DD drilling ► 310m surface DD drilling Slide : 12
Slide 13: Tshukudu, Botswana – T3 Feasibility Study
Tshukudu, Botswana – T3 Feasibility Study • Optimisation of T3 Copper-Silver Project Feasibility Study Significant 100% licence holding (~11,700km2). Numerous drilling targets underway, concentrating on open pit optimisation, plant scale and operating costs • ESIA approval expected soon with Mining
Slide 14: Tshukudu, Botswana – Exploration momentum increasing
Tshukudu, Botswana – Exploration momentum increasing A4 Dome, 8km west of T3 Copper Project – 5 drill rigs operating Exploration re-commenced post acquisition of MOD Resources Ltd, with strategy weighted toward: • target high-grade satellite discoveries with potential to expand the scale of T3 • del
Slide 15: Black Butte Copper, USA
Black Butte Copper, USA • 85% stake in the Black Butte Copper Project, central Montana (via interest in Sandfire Resources America Inc.) • Advanced, high quality copper project in stable jurisdiction • Updated NI 43-101 Mineral Resource estimate completed for the Johnny Lee Deposit, following 48 add
Slide 16: Summary & Outlook
Summary & Outlook • Production and cost performance: December 2019 Quarter: 18,258t of contained copper and 10,723oz of contained gold produced; C1 US$0.83/lb 1HFY2020: 34,988t of contained copper and 19,370oz of contained gold produced; C1 costs US$0.84/lb FY2020 Guidance: 70-72kt of containe
Slide 17: December 2019 Quarterly Report Presentation and Webcast
December 2019 Quarterly Report Presentation and Webcast 29 January 2020 Access this presentation at: https://webcasting.boardroom.media/broadcast/5e1d5892faf62d3f0d924845 or http://www.sandfire.com.au