Exploring the corridor of riches
The short, medium and long-term future for mid-tier Australian copper-gold producer Sandfire Resources seems fairly assured. While not immune to the fluctuations of the market, its high-grade, high-margin DeGrussa project lies in a region that boasts well-established infrastructure. The world-class DeGrussa project, in the northeast part of Sandfire’s Doolgunna project tenements and about 900km east of Perth, began first production from both open pit and underground operations in February 2012, less than three years after its first exploration holes were drilled. The project’s copper-gold resource was one of Australia’s more exciting greenfield discoveries in recent times, with Sandfire expecting copper production of 77,000 tonnes per annum during the first three years. The company expects that about 143,000t of direct shipping…
