Slide 1: September 2015 Quarterly Report Presentation and Webcast
For personal use only September 2015 Quarterly Report Presentation and Webcast – Karl Simich, Managing Director & CEO Access this presentation at http://webcasting.brrmedia.com/broadcast/preview/140464 or www.sandfire.com.au 23 October 2015
Slide 2: Forward-Looking Statements
For personal use only 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 purport be all inclusive
Slide 3: Highlights Agenda
Highlights Agenda For personal use only • • Safety • Mining • Processing • Sales • Operating Costs • Guidance • Exploration • Summary and Outlook 3
Slide 4: September 2015 Quarterly Highlights
September 2015 Quarterly Highlights Production ahead of guidance; drilling continues to define high-grade VMS discovery at Monty; debt reduced by $40M For personal use only Production and Operations • 16,638t copper and 7,885oz gold produced; C1 US$0.97/lb • Mining and milling rates continue above n
Slide 5: Safety
Safety For personal use only Continued sound safety performance • Total Recordable Injury Frequency Rate (TRIFR) of 8.9 at Quarter-end (vs. 9.7 at June 2015 Quarter-end) • Work continues on initiatives to improve safety performance including development of safety systems, improved safety leadership,
Slide 6: Mining Overview
Mining Overview For personal use only Production rates on target Underground production and mine development • Total ore production for the Quarter of 392,269 tonnes grading 4.6% Cu • Production rates ~1.6Mtpa • Mine remains in balance between production and back-fill; paste plant performance on tar
Slide 7: Processing
Processing For personal use only Processing rates on target Mill throughput • 387,864 tonnes milled at average head feed grade of 4.7% Cu at 1.55Mtpa • Milling rates continue to match enhanced capabilities of the milling circuit • 8-day planned shutdown in July 2015 completed on schedule Recovery •
Slide 8: Sales
Sales For personal use only Copper & Gold Sales • Quarterly sales of 15,311 tonnes of contained copper and 7,320 ounces of gold • Port Hedland and Geraldton Ports both operating well 8
Slide 9: Unit Operating Costs
Unit Operating Costs C1 and total production costs For personal use only Unit costs – DeGrussa Mine Q1 FY2016 (US$/lb) Commentary Mining (net of development) 0.33 Lower C1 unit costs continue with: Processing 0.30 Business services 0.13 Solid quarterly copper production Transport, treatment and refi
Slide 10: Exploration Overview
Exploration Overview For personal use only Drilling focused on emerging VMS discovery at Monty; other priority targets to be tested • Main focus of Doolgunna exploration is ongoing diamond/RC drilling at high- grade Monty discovery, ~10km east of DeGrussa on the Talisman farm-in • Significant new hi
Slide 11: Monty – new high-grade VMS copper-gold discovery
Monty – new high-grade VMS copper-gold discovery For personal use only • 5,998m of diamond drilling and 6,960m of RC drilling completed to date • Two mineralised zones defined to date, with significant intersections including (not true width): • 16.5m @ 18.9% Cu, 2.1g/t Au from 409.5m (TLDD0004A) –
Slide 12: Monty – Vertical Longitudinal Projection
Monty – Vertical Longitudinal Projection For personal use only 12
Slide 13: Monty – Cross Section Projection
Monty – Cross Section Projection For personal use only 13
Slide 14: Summary & Outlook
Summary & Outlook For personal use only Strong quarter and outlook; robust balance sheet; growth through exploration and discovery success • Q1FY2015 production and cost performance: • 16,638t copper, 7,885oz gold production at C1 cost of US$0.97/lb • Operating cash flow: • Ongoing commitment to exp
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