History

History

2020

Apr

Project permitting for the Black Butte Copper Project completed, with the Montana Department of Environmental Quality releasing the Final Environmental Impact Statement (EIS) on 13 March 2020 and issuing a positive Record of Decision (ROD) to grant a Mine Operating Permit (MOP) on 9 April 2020.

2019

Oct

Sandfire announces that the implementation of the Scheme of Arrangement for the acquisition of MOD Resources Ltd was completed on 23 October 2019 becoming the 100 per cent holder of MOD's copper exploration and development assets in Botswana through its in-country subsidiaries, Tshukudu Metals and Tshukudu Exploration. These include the advanced T3 Project and an extensive belt-scale exploration portfolio spanning ~11,700km2 in the Kalahari Copper Belt.

Jun

Sandfire announces plans to acquire 100% of MOD Resources Limited, adding the near-term T3 Project in Botswana to the Company’s global development pipeline while also adding a significant landholding on the highly prospective and underexplored Kalahari copper belt.

Mar

Draft Environmental Impact Statement (EIS) for the Black Butte Copper Project in Montana, USA, released by the Montana Department of Environmental Quality. This triggers the start of public comment period, after which a Record of Decision (ROD) and Mine Operating Permit could be issued.

Feb

First stoping ore delivered from the satellite Monty Copper-Gold Mine, with ore trucked to DeGrussa for processing.

2018

Oct

Sandfire increases its ownership of the Black Butte Copper Project in Montana, USA to 86%.

Jun

Sandfire reaches agreement to acquire Talisman Mining’s 30% interest in the Springfield Joint Ventures, providing the Company with 100% ownership of the Monty copper-gold mine and surrounding exploration tenure.

2017

Oct

Maiden Group Mineral Resource estimate completed across all Australian projects plus the Black Butte Project, USA, containing 1.9Mt of copper, 2.7Moz of gold and 15.8Moz of silver. 

Aug

Sandfire’s 78%-owned Black Butte Copper Project in Montana, USA, achieves key permitting milestone, with Mine Operating Permit (MOP) application found to be “Complete and Compliant” in accordance with all State rules and regulations. Environmental Impact Statement (EIS) commenced.

Jul

Mining Proposal for the Monty Copper-Gold Mine approved, paving the way for the start of site works at the new satellite mine.

Jan

Sandfire completes repayment of all outstanding debt nearly 12 months ahead of the scheduled repayment date. This marks a significant milestone for the Company, with the original $380 million DeGrussa Finance Facility which was secured in 2011 to fund the DeGrussa Copper-Gold Project, fully repaid.

2016

Mar

Sandfire's millionth (wet) tonne of concentrate was trucked from the DeGrussa Copper Mine to port.

Feb

Sandfire celebrates more than US$1.5 billion sales revenue from the DeGrussa Copper Mine.

2015

Oct

Sandfire releases its first Sustainability Report, prepared in accordance with the Global Reporting Initiative G4 framework "core" option. Sandfire also participates in the Carbon Disclosure Project - Climate Change and Water, and is a finalist for "Best climate disclosure by a new responding company."

Jul

Construction of the 10.6MW solar power station commenced at the DeGrussa Copper Mine in Western Australia following the signing of final agreements with members of an international consortium formed to finance, construct, commission and operate this state-of-the-art facility.

Jun

Diamond drilling at the Monty prospect, which forms part of the area covered by Sandfire's farm-in with Talisman Mining, intersected a significant zone of massive sulphide mineralisation approximately 10km east of the DeGrussa Copper Mine. Assay results from this discovery hole, TLD0004A, returned an excpetional massive sulphide intercept of 16.5 metres grading 18.9% Cu and 2.1g/t Au from 409.5m to 426m down-hole. Step-out drilling immediately commenced at the new discovery to determine the size of the mineralised system and test other target areas within this highly propsective emerging area.

Feb

Plans announced to construct a 10.6MW solar power station at the DeGrussa Copper Mine, subject to various conditions including final funding. This will be the largest integrated off-grid solar array in Australia, and has the potential to establish DeGrussa as an industry leader in the use of renewable power for mining and processing operations.

2014

Aug

Acquisition of 36% stake in copper developer Tintina Resources (TSX-V: TAU), giving Sandfire exposure to the ongoing evaluation and potential development of the Black Butte Copper Project in central Montana, USA, one of the highest grade undeveloped copper deposits in North America.

Aug

The DeGrussa Copper Mine passed the significant milestone of generating over $1 billion in revenues since the start-up of the operation in 2012. Sandfire declared its first-ever dividend of 10 cents per share for the 2014 financial year.

2013

Aug

Official opening of the DeGrussa Copper Mine by Hon. Colin Barnett MLA, Premier of Western Australia and Minister for State Development and Science.

Aug

Sandfire announced a maiden annual net profit after income tax of $88 million for the year ended 30 June 2013, marking its arrival as a successful mid-tier mining company.

Apr

Stage 2 open pit completed, marking the completion of open pit operations and the transition of the DeGrussa Copper Mine to a wholly underground mining operation.

2012

Dec

Sale of first shipment of copper concentrate from DeGrussa, comprising 5,000 dry tonnes of copper concentrate.

Oct

Commissioning of the 1.5 million tonne per annum on-site processing facility commences, with the aim of achieving steady-state nameplate production rates by mid-way through the 2013 calendar year.

Oct

First copper concentrate produced from DeGrussa as part of the commissioning process for the 1.5Mtpa DeGrussa Concentrator.

May

First shipment of DSO departs the Port of Geraldton.

Feb

Mining of Direct Shipping Ore (DSO) from DeGrussa commences, followed shortly after by the start of mining of underground massive sulphide ore.

2011

Sep

$380 million project loan facility executed for DeGrussa Project development, led by ANZ Banking Group Ltd.

Jun

Positive Definitive Feasibility Study delivered for the DeGrussa Project. The DFS was based on a total mineral resource of 14.33Mt grading 4.6% Cu and 1.6g/t gold for 652,000 tonnes of contained copper and 742,000 ounces of contained gold.

Apr

The maiden blast for the excavation for the “Evans Decline” marks the start of underground development at DeGrussa.

Mar

Sandfire’s Board approves the development of the DeGrussa Project based on a robust Pre-Feasibility Study.

2010

Dec

DeGrussa Mining Lease granted

Oct

Sandfire included in the S&P ASX 200 index of the Australian Securities Exchange.

Jul

Discovery of Conductor 5 lens at DeGrussa, approximately 900m north-east of the DeGrussa/Conductor 1 deposits.

Feb

Phase 1 JORC Compliant Indicated and Inferred Resource of 7.03Mt grading 5.2% copper, 1.9g/t gold and 15g/t silver reported for the DeGrussa and Conductor 1 lenses – less than 8 months after the initial discovery.

2009

Nov

Discovery of a third high-grade copper-gold deposit at DeGrussa, “Conductor 4”, immediately adjacent to Conductor 1/DeGrussa.

Jun

RC drilling confirms the presence of a second, larger zone of mineralisation – “Conductor 1” – immediately north of the initial DeGrussa discovery.

May

Margaret Hawke, a 25-year old geologist, drills the discovery RC drill hole at Sandfire’s Doolgunna Project in Western Australia. These drill holes unearthed massive sulphide mineralisation at depth in a region better known for its gold discoveries, leading to one of the most celebrated recent mineral discoveries in Western Australia. The first diamond drill hole targeting the new deposit later returned a stunning intersection of 75m @ 2.4% Cu and 47m @ 5.3% Cu; and 35m @ 6.9% Cu at the DeGrussa deposit.

“Sandfire is one of the Australian mining industry’s most compelling success stories, making the transition from junior explorer to leading mid-tier producer in just over three years…”

2008

May

Strategic alliance secured with POSCO, a Korean-based global steel group and the world’s fourth largest steel producer. POSCO has remained a key long-term strategic partner for Sandfire.

2004

Mar

Sandfire Resources NL lists on the Australian Securities Exchange (ASX) targeting mineral discoveries within a portfolio of projects assembled by one of Australia’s most successful prospecting geologists, Graeme Hutton.