| Announcement Date: | 2022-08-30 |
|---|---|
| Announcement Type: | Feasibility Study |
| Announcement Code: | JORC |
| Company name: | Sandfire Resources NL |
| Project name: | Motheo |
| Location: | Botswana |
| Commodities: | Silver,Copper |
| Highlight: | Feasibility Study result incl. Post Tax NPV (7%) of USD $339M & IRR of 29.0% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Sandfire Resources Ltd (Sandfire or the Company) is pleased to confirm the planned expansion of its Motheo Copper Mine in Botswana from 3.2Mtpa to 5.2Mtpa following the completion of a positive Definitive Feasibility Study (DFS) including the A4 Deposit and an expanded processing plant. The total combined T3 and A4 JORC 2012 Probable Ore Reserve estimate comprises 49.6Mt at 1.0% Cu and 14g/t Ag for 474kt of contained copper metal and 21.3Moz of contained silver Sandfire has completed a DFS for the Motheo expansion, including development of the A4 Deposit and an expansion of the Motheo Processing Plant. The DFS has confirmed the strong business case for development of the A4 Deposit, the first satellite deposit to the Motheo Copper Mine, as part of an expanded 5.2Mtpa Motheo Production Hub strategy. In completing the DFS, Sandfire has been able to leverage off the work currently underway for the development and construction of the 3.2Mtpa Motheo Copper Mine and the prior work completed on the 3.2Mtpa DFS. The expansion case DFS incorporates A4 and expanding plant production from 3.2Mtpa to 5.2Mtpa. The planned overall project layout is shown in Figure 1. |
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