Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Sandfire Resources NL — Non-Deal Roadshow (September 2009)
20 slides from Sandfire Resources's roadshow presentation, Sep 9, 2009
Slide 1: The Doolgunna Copper-Gold Discovery
The Doolgunna Copper-Gold Discovery September 2009 1
Slide 2: A Snapshot
A Snapshot • Recent high-grade VMS-style copper-gold discovery at Doolgunna Project • Located 150km north of Meekatharra in Western Australia • Resource definition drilling underway • Dominant ground position over an emerging copper-gold mineralised belt • 395 sq km tenement package originally pegge
Slide 3: Doolgunna Project
Doolgunna Project • Tenements cover 22km strike length of prospective Narracoota Volcanics • Great Northern Highway runs through the middle of the tenement package • Goldfields Gas Transmission Pipeline nearby • Excellent infrastructure 3 3
Slide 4: Doolgunna Project – DeGrussa Discovery
Doolgunna Project – DeGrussa Discovery • In April/May 2009, an inclined and vertical RC drilling program intersected significant copper-gold sulphide mineralisation beneath a previously discovered oxide gold zone at DeGrussa 4 4
Slide 5: Doolgunna Project – Conductor 1 Discovery
Doolgunna Project – Conductor 1 Discovery • Following the success of this initial drilling, a ground EM survey was undertaken which identified a very large conductive body immediately north of DeGrussa • This 360m long body was referred to as Conductor 1 5 5
Slide 6: Doolgunna Project: Drilling Success
Doolgunna Project: Drilling Success • Initial RC drilling – Conductor 1: • 39m @ 5.2% Cu, 1.6g/t Au from 135m (DGRC114) • 32m @ 4.6% Cu, 1.7g/t Au from 90m (DGRC115) • 32m @ 2.9% Cu, 1.3g/t Au from 294m (DGRC117) 6 6
Slide 7: Doolgunna Project: Drilling Success
Doolgunna Project: Drilling Success • Diamond drilling – DeGrussa and Conductor 1: • 53.2m @ 17.3% Cu, 2.5g/t Au from 146.1m (DGDD-001) – DeGrussa • 25.1m @ 3.4% Cu, 1.6g/t Au, 1.5% Zn from 319.m ! (DGDD-001) – Conductor 1 • 21.9m @ 5.0% Cu, 2.0g/t Au, 1/8% Zn from 322.2m (DGDD-003) – Conductor 1 •
Slide 8: Doolgunna Project: Drilling Success
Doolgunna Project: Drilling Success • Diamond drilling – DeGrussa and Conductor 1: • 53.2m @ 17.3% Cu, 2.5g/t Au from 146.1m (DGDD-001) – DeGrussa • 25.1m @ 3.4% Cu, 1.6g/t Au, 1.5% Zn from 319.m ! (DGDD-001) – Conductor 1 • 21.9m @ 5.0% Cu, 2.0g/t Au, 1.8% Zn from 322.2m (DGDD-003) – Conductor 1 •
Slide 9: DeGrussa/Conductor 1 – Cross-Section
DeGrussa/Conductor 1 – Cross-Section 9 9
Slide 10: DeGrussa/Conductor 1 – Longitudinal Section
DeGrussa/Conductor 1 – Longitudinal Section 10 10
Slide 11: Drilling Results to Date
Drilling Results to Date 11 11
Slide 12: The Bigger Picture
The Bigger Picture • DeGrussa/Conductor 1 cover just a tiny portion of the Doolgunna tenements which extend for 395 sq km • The tenements cover a 22km strike length of the prospective Narracoota Volcanics • A major airborne EM survey has been conducted • Numerous conductive features have been reveal
Slide 13: Doolgunna…Our Next Steps
Doolgunna…Our Next Steps • Resource definition drilling ongoing • Drilling to define lateral limits of the mineralisation and determine depth continuity – open in most directions • Targeting initial JORC resource for DeGrussa/Conductor 1 before the end of 2009 • Systematic testing of regional prospe
Slide 14: Other Projects
Other Projects @ SANDFIRE RESOURCES NI Darwin 6 2 gina Basin @ Borroloola @ Sandfire Pilbara Craton Uran ve Mt Boggola Yannarie @ @,Doolgunna O Brisbane Yilgarn Craton Perth O O Sydney ©. Adelaide Oo Melbourne QO! Hobart 14). 14
Slide 15: Borroloola Project
Borroloola Project • +14,000sq km tenement position in world- class NT mineral province • Prospective for zinc-lead-silver deposits (McArthur River), manganese (Groote Eylandt), iron ore and uranium • Manganese potential confirmed at Rosie Creek and SW Reconnaissance Area • Base metal potential at W
Slide 16: Corporate Information
Corporate Information Issued Share Capital! 95 million Ordinary fully paid shares !! ! 12 million Ordinary Contributing shares !! ! (A$0.15 to pay) Cash (August 2009)! A$13 million Major Shareholders! % ! POSCO! 17.5! ! Founders/Board! 15.6 ! High Net Worth! 15.0 Last major funding! A$1.20 (August 2
Slide 17: People
People MILES KENNEDY, Non-executive Chairman (Lawyer) • developed largest gold producer in New Zealand; • developed +$A300 million diamond producer in Western Australia; • +25 years in resource sector. KARL SIMICH, Managing Director (Chartered Accountant) • developed largest gold producer in New Zea
Slide 18: Summary & Outlook
Summary & Outlook • Exciting VMS-style copper-gold discovery in WA • Well-funded exploration & resource development program underway • Targeting initial JORC copper-gold resource by end of 2009 • Strong and supportive major shareholder • Quality project pipeline • Experienced Board & Management 18 1
Slide 19: Disclaimer and Important Information
Disclaimer and Important Information • Competent Person’s Statement ! The information in this report that relates to Exploration Results is based on information compiled by John Evans who is a Fellow of the Australasian Institute of Mining and Metallurgy. John Evans has su"cient experience which is
Slide 20: Forward-Looking Statements and Disclaimer
Forward-Looking Statements and Disclaimer Forward-Looking Statements This presentation has been prepared by Sandfire Resources NL. This document contains background information about Sandfire Resources NL current at the date of this presentation. The presentation is in summary form and does not purp
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