SFR 2.86% $11.14 sandfire resources limited

I found a scoping study which Ventnor did on the Thaduna and...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 80 Posts.
    lightbulb Created with Sketch. 26
    I found a scoping study which Ventnor did on the Thaduna and Green Dragon deposits back in 2013. There looks to be about a years worth of open pit resources available at Thaduna and Green Dragon not counting the existing stockpiles at these deposits:
    https://hotcopper.com.au/data/attachments/2573/2573377-a5461e94695fc4f0573126c258693d5e.jpg
    So it could be possible to produce about 25,000 tonnes in the first year after Degrussa and Monty (1.4mtpa @2% @90% recovery). You could also have the CIL circuit going at the same time with a bit of spare capacity for some oxide gold producing 50,000 ounces/year.

    Then it looks like they could go underground at Thaduna (and possibly Green Dragon - there were high grade hits at depth) with the proposed underground production looking like this:

    https://hotcopper.com.au/data/attachments/2573/2573376-a74605780ab77130d2b3cb9f86d468ba.jpg

    They could probably process about 1 mtpa of copper ore for the next 2 years by milling the existing 0.9% copper stockpiles and 500,000 tonnes of the Thaduna underground ore (4.5% grade) and produce 25,000 tonnes/year. Then they would have 600,000 tonnes/year for oxide gold.

    Does SFR have a 70% interest in Morck's Well's gold?

    Also, oxide gold can be put through a gravity circuit and maybe 60-70% of the gold can be extracted. This could create more space in the CIL tanks for extra tailings as that ore doesn't have to go through the CIL circuit anymore.



 
watchlist Created with Sketch. Add SFR (ASX) to my watchlist
(20min delay)
Last
$11.14
Change
0.310(2.86%)
Mkt cap ! $5.106B
Open High Low Value Volume
$10.90 $11.33 $10.85 $25.89M 2.332M

Buyers (Bids)

No. Vol. Price($)
1 6274 $11.14
 

Sellers (Offers)

Price($) Vol. No.
$11.17 3525 1
View Market Depth
Last trade - 16.10pm 14/10/2024 (20 minute delay) ?
SFR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.