News Articles for Sandfire Resources

Fresh assays from phase two diamond drilling at Godolphin Resources and joint venture partner Orange Minerals' Calarie gold project in New South Wales have validated a suite of compelling hits from a historical probe. The feature strike from the five-hole, 1170m program was a 2.4m intersection at 15.69 grams per tonne gold from 45m, inside of a larger 10.6 section grading 5.63 g/t from 39m.

Lycopodium has secured a contract to provide construction management services for Sandfire Resources' Motheo copper project in Botswana.

Sandfire Resources founder Karl Simich has called time after a 15-year tenure spent growing the company from an explorer to one of the biggest copper producers listed on the ASX.

A five-hole diamond drilling program to test an inflexion zone beneath historical gold mine workings has begun at the Calarie gold project, a joint venture in NSW between Godolphin Resources and Orange Minerals. The phase 2 program, with a minimum of 1000m of drilling, is the follow-up to what Orange describes as “outstanding” results from phase 1 of the campaign conducted late last year.

Our board moves wrap includes Shane McDermott, Alex Forcke, Mike Brook, Richard Clayton, Hansjoerg Plaggemars, Ian Murray, Colin Gilligan, Robert Igara, Sally Martin, Robert Edwards, Derek La Ferla, and Richard Holmes.

Our board moves wrap includes Joel Ives, Evan Spencer, Chris Hunt, Matthew Worner, Alex Passmore, Jonathan Fisher, John Richards, and Derek La Ferla.

Western Areas co-founder and former managing director Julian Hanna said he was excited to return to a promising nickel and base metals exploration story.

Sandfire Resources has cited stronger copper prices and operational performance in posting a 24 per cent increase in net profit to $US55.2 million over the first half of the financial year.

New research analysing 2,000 ASX listings over 20 years has upended some conventional thinking.

The miners were both trading in the green after reporting mostly steady production through the December quarter had kept full year guidance on track.

“It has been a busy year and it continues to be,” is how Simon Reed describes current market conditions in Western Australia.

Heather Zampatti, Jennifer Morris and Amber Banfield are set to take up new board positions with three ASX-listed mining companies respectively.

Sandfire Resources is selling its entire stake in London-listed Adriatic Metals as construction of its $504 million copper mine in Botswana continues.

Record commodity prices and a flurry of M&A deals have defined the past year for listed resources companies.

Karl Simich-led Sandfire Resources is set to become one the largest listed copper producers through the $2.6 billion cash acquisition of an operation in Spain.

WA's Sandfire Resources has detailed plans to expand its Motheo project in Botswana via a 114,000-tonne satellite deposit.

Sandfire Resources has exceeded its copper production target for the recent financial year while reporting record sales revenue of $813 million, helped by buoyant prices.

WA's Sandfire Resources is making progress on the development of its $364 million Motheo copper project in Botswana, having now secured the mining licence.

Sandfire Resources recently exported $65 million worth of copper concentrate to India, marking the DeGrussa operator's biggest shipment to date.

Sandfire Resources has appointed Perenti's surface mining contractor to the $364 million Motheo copper-silver project in Botswana.

High-quality copper prospects are becoming harder to find, but juniors are poised for the challenge.

Shares in Sandfire Resources jumped 11 per cent today after the company reported strong growth in earnings and talked up the copper market outlook.

City of Joondalup, Perron Group, Sandfire Resources and Water Corporation have made significant appointments over the holiday season.

Our board moves wrap includes Mark Ng, Wilson Lim, Mark Niutta, Jenn Morris, John Richards, Frank Knezovic, Peter Canterbury, and David Edwards.

Perth-based Sandfire Resources is spending $371 million to develop a copper-silver mine in Botswana, with production expected in early 2023.

Sandfire Resources has raised its stake in Auris Minerals to nearly 20 per cent, as part of its move to sell a gold project in New Zealand.

Shares in Sandfire Resources were down by as much as 9 per cent today, following reports of China considering a ban on copper imports from Australia.

Sandfire Resources is selling its gold project in New Zealand to fellow Perth-based explorer Auris Minerals, in a cash and scrip deal worth $23.2 million.

Sandfire Resources has posted a 30 per cent decline in profit, but says it is in a good position to take advantage of the recent copper price recovery.

Our board moves wrap includes Warren Harding, Craig Masarei, Sean Maher, Michael Pixley, Shannon Coates, Matthew Foy, Andy Goodwin, Paul Ladislaus, Ashok Parekh, Peter Bilbe, Bernie Ridgeway, Paul House, Dean Hildebrand, Geoff Brayshaw, Karl Paganin, William Kuan, Sally Langer, Maree Arnason, Robert Scott, Phillip Hains, Alfred Gillman, Christopher Knee, Keong Kok Chan, Peter Williams, Graeme Smith, and Bret Silvey.

Sandfire Resources has made changes to its management team and board, including appointing Sally Langer, and refined its strategic focus.

A report backed by the Pilbara's big miners has found that iron ore exports are expected to grow modestly over the coming decade, well below the extra port capacity the miners themselves are seekin

Sandfire Resources has withdrawn its full year production guidance, citing uncertainty over the impacts of COVID-19, but says operations at its DeGrussa copper-gold mine in Western Australia remain largely unaffected.

Poseidon Nickel has made two key additions to its board and management team as it moves closer towards the restart of its flagship Black Swan operation near Kalgoorlie.

A summary of last week's smaller deals that did not get included in our daily news coverage.

The number of women in executive leadership positions across Australia's largest listed companies is slowly increasing according to a new report, with Emeco Holdings, Wesfarmers and South32 the top performers for Western Australia.

Woodside Petroleum, Save the Children Foundation and Sandfire Resources were among those recognised for their renewable projects and community partnerships at last night's resources sector awards for excellence.

Sandfire Resources has announced record fiscal year production, however, its gold output is set to fall this financial year.

Our weekly appointment wrap includes Joseph Longo, Jason Grace, Danielle Davison and Samantha Reece.

Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD's board backing the improved offer.