Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Australian miner Sandfire Resources is on track to achieve its 2020 output guidance (July 1, 2019 to June 30, 2020). The guidance includes 70-72,000mt of copper output during the year.


SandfireResources’ output guidance includes 70-72,000mt of copper output and 38-40,000oz gold output at an average C1 cash cost of ~$0.90/lb in FY2020.


DeGrussa operations recorded 62,856mt of copper and 35,222oz of gold output in the first half of April-June quarter. From July 1 to May 15, 2020, DeGrussa produced 9,932mt of copper and 6,500oz of gold.


Tshukudu Project, Botswana

The mining company said that the Feasibility Study for the T3 Copper-Silver Project in Botswana will continue. Sandfire suspended its exploration activity in Botswana from late March to May end in compliance with the lockdown norms. Recommencement of development activities at T3 was delayed until May 2020 due to the disruption of global supply chains, tendering, and construction activities. Drilling activities may begin in early June with the phased easing of restrictions.

The drilling programs continued at the Greater Doolgunna Project in West Australia. After obtaining approvals last month, Sandfire will begin its feasibility study at the Butte Project in Montana, USA.

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