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

Australia-based miner Sandfire’s copper output rose by 1,370mt to 18,258mt in the December quarter (Oct-Dec 2019) from 16,888mt in the prior year.


Sandfire’s copper production guidance for fiscal year 2020 is 70,000- 72,000mt, up from 63,000-67,000mt in the prior year. Copper production in the six months (July-Dec 2019) was 34,988mt, up from 34,813mt in the prior year. Production increased driven by increased grades and associated recovery. 


The company DeGrussa mill produced 77,087mt of copper concentrate as against 69,805mt in Oct-Dec 2018 and 18,258mt of contained copper from 16,888mt in Oct-Dec quarter of 2018. 


Future projects

*The company’s optimisation of the feasibility study for the T3 Copper-Silver project in Botswana is underway. The project will focus on open pit optimisation, plant scale and operating costs.

*Environmental Impact Statement (EIS) and Record of Decision (ROD) is approaching for 85pc owned Black Butte Copper Project, US. feasibility study under progress. 

*Active exploration targeting the next discovery across the Bryah Basin VMS district underway.

*Exploration is also underway in the Kalahari Copper Belt, Botswana with positive results in the initial A4 drill.

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