Sandfire Resources (SFR) released a number of announcements today including March Q results, updated Reserves and Resources for DeGrussa and Monty and recent drilling from the emerging A4 discovery in Botswana. It was a rewarding quarter for the Company with significant achievements from its three primary assets. DeGrussa recorded another strong quarter of production with 17.9kt Cu and 9.4koz Au at C1 costs of US$0.74/lb. In Montana, the Black Butte Project finally attained a positive Record of Decision (ROD), paving the way for a mining permit. In Botswana, exploration in the A4 dome returned stellar drill results including 18m at 5.2% Cu and 124g/t Ag from 77m downhole. Cash at 31 March was $242m (up from $202m in the previous Q). BUY recommendation maintained.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.
