Slide 1: September 2018 Quarterly Report Presentation and Webcast
September 2018 Quarterly Report Presentation and Webcast – 25 October 2018 Access this presentation at: http://webcasting.brrmedia.com/broadcast/5bb2ad1abfd72969440cb5a0 or http://www.sandfire.com.au 1
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 report that relates to the DeGrussa 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 permanent employe
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 Development Guidance & Costs Exploration Summary 5
Slide 6: September 2018 Quarterly Highlights
September 2018 Quarterly Highlights Production and Operations ► September 2018 Quarter: 17,924t of contained copper and 11,141oz of contained gold produced; C1 US$0.89/lb ► FY2019 guidance maintained: 63-67kt of contained copper; 37-40koz of contained gold; C1 costs ~US$1.00-1.05/lb Development ► Mo
Slide 7: Safety
Safety ► Total Recordable Injury Frequency Rate (TRIFR) of 8.6 at Quarter-end (vs. 7.1 at June 2018 Quarter-end) ► Principal hazard management – key theme to improve safety culture ► Focus continues to be applied to improving safety leadership, culture and assurance of critical controls 10 TRIFR 8 6
Slide 8: Operations – Mining
Operations – Mining Underground production ► Total ore production for the Quarter of 369,763t grading 4.94% Cu ► Mine remains in balance between production and back-fill 8
Slide 9: Operations – Processing
Operations – Processing Mill throughput ► Quarter: 391,065 tonnes milled at average feed grade of 4.95% Cu Recovery ► Copper recovery of 92.7%; Gold recovery 47.5% Concentrate & metal production ► 74,164 tonnes of concentrate produced ► 17,924 tonnes of contained copper produced ► 11,141 ounces of c
Slide 10: Operations – Capital programs
Operations – Capital programs Additional concentrate thickener & filter ► Commenced commissioning ► Increases peak concentrate capacity to 400,000tpa ahead of Monty ore blending 10
Slide 11: Development – Monty Copper-Gold Mine
Development – Monty Copper-Gold Mine ► Talisman’s 30% interest in the Springfield JV acquired ► Decline works progressing • 1,349m project to date against budget 1,643m ► Total development • 3,202m project to date against budget 3,762m 11
Slide 12: Operations – Sales
Operations – Sales ► September 2018 Quarter: Sales of 52,703 tonnes of concentrate (dry) containing 12,668 tonnes of copper (12,126 tonnes payable) and 7,376 ounces of gold (6,837 ounces payable) ► 5 shipments completed for the quarter ► High concentrate stocks on hand at quarter-end ~35,000 dry ton
Slide 13: Operations – Unit Operating Costs
Operations – Unit Operating Costs Q1 Unit costs – DeGrussa Mine FY2019 Commentary (US$/lb) Mining (net of development) 0.39 C1 costs assisted by: Processing 0.28 - High quarterly copper production - High head grade and strong recoveries Business services 0.09 - High mining grade - Reduced FX rate Tr
Slide 14: Development and Growth – Black Butte Copper Project, USA
Development and Growth – Black Butte Copper Project, USA ► 78% 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 15: 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 program through the Morck Well Project to aid geological interpretation and provide quality geochemical coverage
Slide 16: Doolgunna Exploration Overview
Doolgunna Exploration Overview ► Exploration advancing at multiple prospects within Greater Doolgunna area ► 57,164m AC/RAB drilling ► 6,018m RC drilling ► 1,805m surface DD drilling ► Total Tenure – 6,588km2 16
Slide 17: Summary & Outlook
Summary & Outlook ► Production and cost performance – Q1 FY2019 strong start: 17,924t of contained copper and 11,141oz of contained gold produced; C1 US$0.89/lb – FY2019 guidance maintained: 63-67kt of contained copper; 37-40koz of contained gold; C1 costs US$1.00-1.05/lb – Monty under development;
Slide 18: 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 18