About Sandfire

Our strategy

A focused strategy to achieve our purpose.

Sandfire is strongly placed to support the electrification and decarbonisation of the global economy through our ownership of two modern processing hubs in the highly prospective Iberian Pyrite and Kalahari Copper Belts, and targeted development options.

In FY24, we have made strong progress towards our goal of being a sustainable mining company and global copper producer of significance. By delivering on our intentionally simple strategy and doing the basics well, we have returned the business to profitability and expect to pay down debt in the coming years.

Empower our people and define clear lines of accountability
Deliver safe, consistent and predictable performance
Reduce our carbon intensity
Increase our reserves
Demonstrate capital discipline
We deliver our purpose by remaining focused on the five pillars of our intentionally simple strategy, with our unwavering commitment to SUSTAINABILITY permeating everything we do.
Empower our people and define clear lines of accountability
Deliver safe, consistent and predictable performance
Reduce our carbon intensity
Increase our reserves
Demonstrate Capital Discipline

Empower our people and define clear lines of accountability

We strive to build an inclusive culture that values diversity, where our people are empowered and accountable, and can achieve their full potential. This is underpinned by our steadfast commitment to develop a physically and psychologically safe environment.

We are doing this through the development, implementation and empowerment of our people to live The Sandfire Way, our new way of working. The Sandfire Way clearly articulates how we are organised and where accountability sits, and establishes the minimum core and common policies, standards and procedures that apply across Sandfire.

Deliver safe, consistent and predictable performance

We know a safe business is a productive business, and by delivering safe, consistent and predictable performance, we will establish a stable operating platform and further enhance our operating credentials.

Reduce our carbon intensity

Climate change presents both a challenge and an opportunity for our Company, and we are committed to reducing our greenhouse gas (GHG) emissions and building climate resilience in our business.

By embracing renewable energy and adopting energy-efficient technologies and sustainable practices, we also have an opportunity to lower operating expenses and enhance our reputation. As a copper producer, we are well placed to benefit from stronger demand given copper’s superior electrical conductivity and the critical role it will play in a low-carbon economy.

Increase our reserves

Exploration remains a key component of our strategy, focusing on both near mine and regional opportunities as we seek to leverage our strategic position in the highly prospective Iberian Pyrite and Kalahari Copper belts.

During FY24, we completed a full review of high potential targets to underpin a granular plan for both exploration and resource extension drilling. This plan, which will be implemented over the next five years, has been designed to achieve our goal of having at least 15 years of mine life identified at both MATSA and Motheo.

Demonstrate Capital Discipline

Our disciplined approach to capital management supports our commitment to build a sustainable business as we seek to maximise Total Shareholder Returns (TSR).

Throughout FY24, Sandfire took significant steps towards modernising the capital structure of the Group. This included the establishment of a $200M Corporate Revolver Facility (CRF) under a Syndicated Facility Agreement, where an initial drawdown of $88 million was used to repay Facility A under the MATSA Debt Facility. This reduced the Group’s near term repayment profile and provided Sandfire with increased financial flexibility. We also successfully increased the Motheo Finance Facility to $200M, to support the rapid and low-cost expansion of Motheo’s processing capacity to 5.2Mtpa.

At the end of FY24, we also reported a significant reduction in net debt to $396M (from $481M at the end of Q3 FY24).

Learn more about The Sandfire Way:

Our purpose

Our values

Sandfire is a sustainable mining company transforming into a global copper producer of significance

About Sandfire

Sandfire Resources is one of the largest copper-focused companies on the Australian Securities Exchange (ASX).

Where we operate

Our operations extend across Australia, Botswana, Spain and the USA.

Sustainability

Learn about our approach to sustainability, and how it’s embedded across our business.

Investor

Keep up to date with the latest news and announcements on our outstanding base of operating assets and strong growth opportunities.

 

News

Keep up to date with latest news, stories and releases from across Sandfire.