The Borroloola Project is located north of the McArthur River Mine (Xstrata) in the Northern Territory and is prospective for base metals, sedimentary manganese and iron ore. Sandfire has signed two farm-out Joint Venture agreements to advance the Borroloola Project, and exploration is being conducted by MMG Exploration Pty Ltd (earning up to 80% of the eastern tenements) and Pacifico Minerals Ltd (earning up to 80% of the western tenements).