Slide 1: June 2015 Quarterly Report Presentation and Webcast
For personal use only June 2015 Quarterly Report Presentation and Webcast – Karl Simich, Managing Director & CEO Access this presentation at http://webcasting.brrmedia.com/broadcast/139336 or www.sandfire.com.au 29 July 2015
Slide 2: Forward-Looking Statements
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 or complete. Recipien
Slide 3: Agenda
• Highlights Agenda For personal use only • Safety • Mining • Processing • Sales • Operating Costs • Guidance • Exploration • Summary and Outlook 3
Slide 4: June 2015 Quarterly Highlights
June 2015 Quarterly Highlights Outstanding quarter with record copper production and significant new high-grade VMS discovery Production and Operations For personal use only • 18,637t copper and 9,499oz gold produced; C1 US$0.98/lb • Mining rates at ~1.7Mtpa; milling rates maintained at ~1.6Mtpa • K
Slide 5: Safety
Safety Continued sound safety performance For personal use only • Total Recordable Injury Frequency Rate (TRIFR) of 9.7 at Quarter-end (vs. 8.6 at March Quarter-end) • Work continues on initiatives to improve safety performance including development of safety systems, improved safety leadership, enh
Slide 6: Mining Overview
Mining Overview Production rates on target For personal use only Underground production and mine development • Total ore production for the Quarter of 432,401 tonnes grading 5.3% Cu • Production rates +1.7Mtpa • Mine remains in balance between production and back-fill; paste plant performance on tar
Slide 7: Processing
Processing Enhancement projects boost recoveries For personal use only Mill throughput • 399,525 tonnes milled at average head feed grade of 5.1% Cu at 1.6Mtpa • Process improvement projects delivering strong results: • Flotation improvements and column cell have increased copper recoveries by aroun
Slide 8: Sales
Sales Copper & Gold Sales For personal use only • Quarterly sales of 20,184 tonnes of contained copper and 11,012 ounces of gold • Port Hedland and Geraldton Ports both operating well 8
Slide 9: Unit Operating Costs
Unit Operating Costs C1 and total production costs For personal use only Unit costs – DeGrussa Mine Q4 FY2015 (US$/lb) Commentary Mining (net of development) 0.43 Lower C1 unit costs continue with: Processing 0.26 Business services 0.12 High quarterly copper production Transport, treatment and refin
Slide 10: Production Guidance: FY2016
Production Guidance: FY2016 Key physicals For personal use only Key Operational Targets FY2016 – Guidance Commentary Ore mined 1.60Mt Underground mining operations Ore processed 1.65Mt Includes stockpile of underground sulphide and stockpiled scats Mined grade - copper 4.5% Cu Mining: Conductor 1 (5
Slide 11: Production Guidance: FY2016
Production Guidance: FY2016 Key physicals Production Guidance – For personal use only FY2015 1H FY2016 2H FY2016 FY2016 DeGrussa Mine Contained Copper (t) 67,154 ~32,000 ~35,000 65-68,000 Contained gold (oz) 37,386 ~17,000 ~21,000 35-40,000 Head grade (Cu) 5.1% 4.3% 4.6% 4.4% Head grade (Au) 1.7g/t
Slide 12: Cost Guidance: FY2016
Cost Guidance: FY2016 C1 unit costs, total production costs and capital expenditure For personal use only FY2016 FY2015 Unit costs – DeGrussa Mine Commentary (US$/lb) (US$/lb) Mining (net of development) 0.35 0.42 Mining costs reducing with optimisation and efficiency programs, higher development Pr
Slide 13: Exploration Summary
Exploration Summary Discovery breakthrough within Talisman JV area For personal use only • Discovery of significant zone of high-grade copper-gold mineralisation within the Talisman JV ground, ~10km east of DeGrussa, with results to date including: • 16.5 metres grading 18.9% Cu and 2.1g/t Au from 4
Slide 14: New discovery on Talisman JV ground
New discovery on Talisman JV ground For personal use only 14
Slide 15: Summary & Outlook
Summary & Outlook Outstanding quarter and year, strong outlook, robust balance sheet and growth through exploration For personal use only • FY2015 production and cost performance: 67,154t copper, 37,386oz gold production at C1 cost of US$1.09/lb Plant optimisation projects have delivered strong resu
Slide 16: 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 16