Acquisition of MATSA Mining Complex
Sandfire Resources is pleased to announce that it has entered into a binding sale agreement to acquire 100% of the MATSA Mining Complex. MATSA is a large scale, high quality, low-cost, long-life underground copper operation located in the Iberian Pyrite Belt of Spain.
The Transaction, expected to complete in the March 2022 Quarter and funded through a combination of debt, existing cash reserves, and equity, is a transformational event for Sandfire and immediately propels the Company into a leading copper focused producer.
The quality of MATSA’s assets offers a compelling combination of scale, grade, mine life and exploration upside and is set to become the backbone of the Company’s global operations over the next decade and beyond.
More details on this transformational acquisition and Transaction can be found by reading the related ASX announcements, available below. To listen to the Investor and Analyst Conference Call relating to the acquisition click HERE .