Sandfire Resources


Primary ticker: ASX:SFR
Stage of development: Exploration, Development, Production
Primary minerals: Copper, Base Metals
Project to promote: Matsa acquisition and Motheo Copper Mine (Botswana)
Peoject location: Span, Botswana, Australia, USA

Sandfire is a leading mid-tier 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. The MATSA acquisition delivers a rare cornerstone asset for Sandfire that immediately transforms it into a leading global diversified base metals producer, positioning it as one of the ASX’s largest copper-focused producers. MATSA is a Tier-1 asset with a 6-year reserve and a large 122Mt Resource base, allowing Sandfire to leverage its strong mining, processing and exploration expertise.

Cash: USD$320M
Debt: USD$650M

Major shareholders:
Australian Super 12.6%
Dimensional Funds 6%
Vinva 5%
Paradice 5%
Fidelity 5%
Management Ownership – 1.5%

Management Profile


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 globe organisation with a Tier-1 asset operating in Spain and Tier-1 opportunity in the Kalahari Copper Belt.

What recent news would you like to highlight to investors attending?

MATSA transaction and Motheo Construction

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Integrate and optimise MATSA, continue Motheo construction, continue Kalahari exploration

6 Months:
Integrate and optimise MATSA, continue Motheo construction, continue Kalahari exploration

12 Months:
Complete MATSA integration begin ramp-up, Commission Motheo, Kalahari exploration success

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.