Our Strategy
With a strong operational base and a clear strategy to grow, Sandfire’s strategy supports our key growth objectives.
Sandfire’s Strategy is targeted at delivering sustainable returns to our shareholders over the long term as the organisation moves beyond the life of mine of the DeGrussa Operations.

Execute Delivery
Objectives
Maximise the value of our existing operations and proceed to production in Botswana.
Targets
- Safely deliver against the DeGrussa Operations Mine Plan.
- Establishing production at the MATSA Mining Operations to 4.7Mtpa.
- Motheo Copper Mine (T3 Deposit) in production early CY2023 at 30kt Cu pa.
- A4 Deposit brought into production realising the Motheo Production Hub Concept.
Build a Sustainable Production Pipeline
Objectives
Build a sustainable production pipeline to support pathway to 150kt Cu pa equivalent production by 2025.
Targets
- Drill to extend Mineral Resources and Ore Reserves at our MATSA Mining Operations.
- Unlock value in the DeGrussa Operations’ gold projects and copper oxide stockpiles.
- Feasibility Study for the A4 Deposit to support 5.2Mtpa processing capacity at our Motheo Copper Mine.
- Johnny Lee Deposit Feasibility Study optimisation and Lowry Deposit Mineral Resource drilling (Black Butte Copper Project).
Accelerate Discovery
Objectives
Continue to build and leverage our exploration capability to maximise chances of success.
Targets
- Identification of new resources to replace depletion of current production and support production growth target to 150kt Cu equivalent pa.
Align and Empower Our People
Objectives
Ensure all parts of the business are aligned with long-term strategic outcomes.
Targets
- Teams and individuals aligned to strategy.
- High performing and engaged workforce in the continued success and growth of the business.
- Values driven workforce.
- Global operating model embedded.
Optimise Capital Strategy and Engagement
Objectives
Position the capital structure to support the strategy and ensure investors and stakeholders are suitably engaged.
Targets
- Maintain flexibility to enable the support of future growth plans.
- Appropriate funding mix by project.
- Balancing financial leverage to drive shareholder returns and value.
- Engaged investors and stakeholders.