Slide 1: A Premier Australian Copper Producer
For personal use only A Premier Australian Copper Producer September 2014 Quarterly Report Presentation Webcast – Karl Simich, Managing Director & CEO 16 October 2014 Access this presentation at: http://www.brrmedia.com/event/127685 / http://www.sandfire.com.au S a n d f I r e R e s o u r c e s - A
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 September 2014 Quarterly Report Presentation Highlights For personal use only • • Safety • Mining • Processing • Sales • Operating Costs • Guidance • Exploration • Summary 3
Slide 4: September 2014 Quarterly Highlights
September 2014 Quarterly Highlights Production ahead of guidance Production and Operations For personal use only • September 2014 Quarter: 16,064t copper and 8,678oz gold produced • C1 cash operating cost of US$1.24/lb • Consistent underground mining and milling rates • Development of C1 and C4/5 de
Slide 5: Safety
Safety Continued sound safety performance • Total Recordable Injury Frequency Rate (TRIFR) of 11.8 at For personal use only Quarter-end (vs. 9.1 at June Quarter-end) • Result of increase of strain and sprain type injuries • Management has instigated a series of initiatives to address TRIFR 20 18 16
Slide 6: Mining Overview
Mining Overview New underground mining contractor commenced; mine development continuing on schedule UNDERGROUND For personal use only • New underground mining contractor commenced 1 July 2014 – Byrnecut Australia Pty Ltd • Underground mining rate of 1.5Mtpa from mid-way through the Quarter – 311,64
Slide 7: Processing
Processing Copper recoveries to improve further; strong concentrate production MILL THROUGHPUT For personal use only • 364,360t milled at average head feed grade of 4.9% Cu • Maintenance included change-out of SAG mill liner and bearing change-out, pump lifters • Process improvement projects progres
Slide 8: Sales
Sales Copper and gold sales For personal use only • Quarterly sales of 15,402 tonnes of payable copper and 8,592 ounces of gold • Port Hedland and Geraldton Ports both operating well • ~16,000 tonnes concentrate holding at site and at port at Quarter-end 8
Slide 9: Quarterly Unit Operating Costs
Quarterly Unit Operating Costs C1 and total production costs Q1 For personal use only Unit costs – DeGrussa Mine FY2015 Commentary (US$/lb) Mining (net of development) 0.51 Processing 0.41 Unit costs are higher during 1H FY2015 in line with Business services 0.16 lower head grade and copper producti
Slide 10: Exploration Summary
Exploration Summary Near-mine exploration delivering results; major regional exploration programs continuing under recently-concluded JVs For personal use only • Resource definition drilling completed to upgrade Central and Eastern portions of the C4 orebody from Inferred to Indicated Resource statu
Slide 11: Sandfire – 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 12: Summary and Outlook
Summary and Outlook Solid production quarter; strong outlook for the remainder of FY2015 • Solid quarterly production and cost performance: For personal use only • 16,064t copper, 8,678oz gold production at C1 cost of US$1.24/lb • Plant optimisation projects to be completed in the December Quarter •
Slide 13: 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/127685 / http