Company overview

We mine copper sustainably to energise the future. 

With a strategic position in two highly prospective copper belts, Sandfire has grown to be a global copper producer of significance and continues to make strong progress toward its goal of being a sustainable mining company.

Sandfire is headquartered in Perth, Western Australia and is listed on the Australian Securities Exchange (ASX). Our principal operating Assets are the MATSA Copper Operations (MATSA) in Spain and the Motheo Copper Operations (Motheo) in Botswana. MATSA is located in the Huelva Province of southwestern Spain in the northern portion of the highly prospective Iberian Pyrite Belt. MATSA is a polymetallic mining operation comprising a central processing facility that sources ore from three underground mines, Aguas Teñidas and Magdalena in Almoñaster la Real and Sotiel in Calañas. MATSA’s copper and zinc concentrates (that contain lead and silver by-products) are shipped from the port of Huelva to smelters around the world.

Motheo opened in August 2023 and is centred on the T3 and A4 open pit mines. With a central processing facility, Motheo produces a high-quality copper concentrate (containing a silver by-product) that is transported by road to Walvis Bay, Namibia where it is shipped to smelters around the
world.

With a demonstrated commitment to the highest safety standards, our strategy is focused on both near-mine and regional opportunities as we seek to leverage our strategic position in the Iberian Pyrite Belt and Kalahari Copper Belt and materially increase the life of our modern processing hubs.

A review of our strategy in FY25 has again highlighted the importance of increasing our reserves. We have ramped-up production at MATSA and Motheo, significantly reduced net debt and modernised our balance sheet with the establishment of our $650 million Corporate Revolver Facility. With our modern operations, preferred commodity exposure and strong balance sheet we are well positioned for the future.

Sandfire also holds an 87% equity stake in TSX-listed Sandfire Resources America. Sandfire Resources America owns a 100% interest in the Black Butte Copper Project. A revised Mineral Resource and Ore Reserve estimate for the Project, and broader technical report to a pre-feasibility study level, are expected to be completed in Q2 FY26, both of which will enable Sandfire to more clearly define its optimal pathway to realise value from the Project.