SFR sandfire resources limited

BH & team appear to have lost interest in developing Sotiel. Two...

  1. 5,998 Posts.
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    BH & team appear to have lost interest in developing Sotiel.

    Two years ago, they were considering a second concentrator at Sotiel to boost output.

    In earlier posts, I have mistakenly identified the second concentrator site as at Magdelana, kindly forgive me.

    Sotiel produces only 0.4Mtpa of ore, tops up the existing concentrator, from a resource of 74.0Mt @ 1.0% Cu, 3.1% Zn, 1.3% Pb, 41.6g/t Ag

    Today's presentation only mentions Sotiel in passing - because it exists.

    SFR is embarking on a major exploration program across its tenements, no works proposed around Sotiel.

    This is not a problem, effort must go to the best opportunities. It looks like these are elsewhere.

    Ash
 
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