Slide 1: September 2016 Quarterly Report Presentation and Webcast
For personal use only September 2016 Quarterly Report Presentation and Webcast 27 October 2016 Access this presentation at: http://webcasting.brrmedia.com/broadcast/58000984 cf09bc4a2cca66f8 or www.sandfire.com.au
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer 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 date of this presentation. The presentation is in summary form
Slide 3: Important Information and Disclaimer – Competent Person's Statements
Important Information and Disclaimer Competent Person’s Statement – Ore Reserves and Mine Plan For personal use only The information in this report that relates to Ore Reserves and Mine Plan is based on information compiled by Mr. Neil Hastings who is a Member of The Australasian Institute of Mining
Slide 4: Agenda
Agenda For personal use only ► Highlights ► Safety ► Mining ► Processing ► Sales ► Operating Costs ► Monty Project ► Exploration ► Summary & Outlook 4
Slide 5: September 2016 Quarterly Highlights
September 2016 Quarterly Highlights Production and Operations For personal use only ► September 2016 Quarter: 15,610t copper and 9,731oz gold produced; C1 US$1.06/lb ► FY2017 production guidance maintained: 65-68kt of contained copper, 35-40koz of contained gold; C1 ~US$0.95- 1.05/lb Development and
Slide 6: Safety
Safety For personal use only ► Total Recordable Injury Frequency Rate (TRIFR) of 5.0 at Quarter-end (vs. 6.3 at June 2016 Quarter-end) ► Safety systems development and critical control management; ongoing focus being applied to improving safety leadership, culture and controls assurance TRIFR 6
Slide 7: Mining
Mining For personal use only Underground production and mine development ► Total ore production for the Quarter of 345,144 tonnes grading 4.7% Cu ► Mine remains in balance between production and back-fill ► Conductor 4 and 5 Decline development proceeding on schedule, with all development advance oc
Slide 8: Processing
Processing For personal use only Mill throughput ► 393,031 tonnes milled at average head feed grade of 4.4% Cu (including scats stockpile) Recovery ► Quarterly copper recovery of 89.6%; Gold recovery 42.3% (FY2017 guidance: copper ~91%, gold ~42%) Concentrate & metal production ► 64,285 tonnes of co
Slide 9: Sales
Sales For personal use only ► Sales of 52,665 tonnes of concentrate (dry) containing 12,437 tonnes of copper (11,913 tonnes payable) and 7,482 ounces of gold (6,891 ounces payable) ► 5 shipments completed for the quarter; 6th ship departed early October 2016 9
Slide 10: Unit Operating Costs
Unit Operating Costs For personal use only Unit costs – DeGrussa Mine Q1FY2017 Commentary (US$/lb) Mining (net of development) 0.43 Quarterly copper production expected to be Processing 0.32 below annual average rate in Q1 and Q4FY17, higher in Q2 and Q3. Business services 0.16 Transport, treatment
Slide 11: Monty Project
Monty Project For personal use only ► Sandfire is Manager of the Springfield JV – interests Sandfire 70% / Talisman 30% ► Maiden JORC 2012 compliant Mineral Resource estimate: ► Total Indicated and Inferred Mineral Resource of 1.05Mt @ 9.4% Cu and 1.6g/t Au for *99,000 tonnes of contained copper, 55
Slide 12: Doolgunna Exploration Overview
Doolgunna Exploration Overview For personal use only ► Monty is the first VMS deposit to be delineated outside of DeGrussa mining complex at Doolgunna ► Confirms the potential for the overall Doolgunna VMS field to host multiple centres of mineralisation ► Exploration continuing as a priority along
Slide 13: Doolgunna Exploration Overview
Doolgunna Exploration Overview ► Exploration advancing at multiple prospects within Greater Doolgunna area: For personal use only ► Homestead Prospect ~12km south west of DeGrussa (Sandfire 100%) ► C5 East mineralised trend (Sandfire 100%) ► Ned’s Creek drilling commencing ► Monty and Southern Volca
Slide 14: Summary & Outlook
Summary & Outlook Consistent and reliable copper production; growth through exploration and discovery success For personal use only ► Production and cost performance: ► Q1FY2017: 15,610t contained copper, 9,731oz contained gold, C1 cost US$1.06/lb ► FY2017 guidance maintained: 65-68kt contained copp
Slide 15: Contact Details: Sandfire Resources NL
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 15