Tag: Sandfire Resources

  A diamond rig at Doolgunna. All images: Sandfire Resources     BY: JESSICA CUMMINS   A cashed up Sandfire Resources is pursuing a multi-pronged strategy to replace production from its depleting flagship DeGrussa operation, which is expected to reach the end of its life in 2022 on current reserves.   SANDFIRE’s replacement and growth strategy includes taking advantage of M&A opportunities in Australia and overseas,  an aggressive $30 million regional exploration campaign around DeGrussa, and the rapid development of its $US250m Black Butte project in Montana. The recent $72.3m purchase of Talismans’ 30 per cent interest in the Springfield Exploration and Mining Joint Venture gives Sandfire full ownership of the Monty copper-gold development, Springfield and Halloween West. Neighbouring Sandfire’s...

Exploration drilling at Greater Doolgunna. All images: Sandfire Resources.   BY CAMERON DRUMMOND   AS development of the Monty deposit continues to schedule, Sandfire Resources is making moves to unlock the full potential of the Greater Doolgunna orebody.   ‘Exploration and expansion’ has been Sandfire Resources’ mantra in 2017 against the backdrop of a very healthy copper market. As the Monty development (Springfield JV) progresses, a key focus for Sandfire has been intense, multi-pronged drilling programs around its Greater Doolgunna project and the Springfield JV which covers 5846 square km. A farm-in agreement between Sandfire and Enterprise Metals was also signed in October for Enterprise’s entire Doolgunna project area. After spending $1.5m drilling in the area, Sandfire can sole fund...