Sandfire Resources
Primary ticker: ASX:SFR
Stage of development: Exploration, Development, Production
Primary minerals: Copper and base metals
Project to promote: Matsa Mine (Spain) and Motheo Copper Mine (Botswana)
Project location: Span, Botswana, Australia, USA
Website: sandfire.com.au
Sandfire is a leading Australian mining company which has recently embarked on an exciting new era of growth with a clear strategy to expand into an international, diversified and sustainable mining company through the development and operation of long-life, low-cost copper projects in Tier-1 jurisdictions. MATSA is a rare cornerstone asset for Sandfire and has transformed it into a leading global diversified base metals producer. The company’s Motheo mine in Botswana achieved a near faultless ramp-up and has now established itself as a low cost producer of high-quality copper cocentrate. Sandfire has a sustainable growth profile to over 100ktpa of copper production, positioning it as one of the ASX’s largest copper-focused producers.
Cash: USD 190M
Debt: USD 535M
Major shareholders:
Australian Super- 14%
Ausbil- 7%
State Street – 5%
Principal – 4.5%
Vanguard – 3.7%
Management ownership – 1.5%
Financials
Management Profile
Ben Crowley – Head of Business Strategy
Ben Crowley, Head of Business Strategy is a Geologist and Mineral Economist with over 25 years’ experience in exploration, evaluation, and financing of mineral projects across the globe. Prior to joining Sandfire, he was a Director at Macquarie Securities where he spent 10 years specialising in equity research of the resource sector.
What is your rationale for taking part in 121 Mining Investment?
To promote the recent transformation of Sandfire from a single mine Australia domiciled mid-cap copper producer to a ASX100 global organisation with a strategic position in the Iberian peninninsula and the Kalahari Copper Belt.
What recent news would you like to highlight to investors attending?
Motheo ramp up and expansion
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Optimise MATSA, continue Motheo expansion, continue Kalahari exploration
6 Months:
Optimise MATSA, Motheo ramp up to 5.2Mtpa, IPB and Kalahari exploration
12 Months:
Optimise MATSA & Motheo, exploration success in Spain and Kalahari
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
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What do you think makes your company such a compelling investment?
The long term potential of both MASTA and Motheo are not well understood by investors.
What are the top 3 key investor takeaways?
MATSA is a high quality asset with opportunity to increase production and substantially extend mine-life. Motheo is the beginning of Sandfire’s long-term investment in the Kalahari Copper belt and we believe a much larger opportunity in the region.