Sandfire Resources
Karl Simich - Managing Director
With no debt and over $240 million in cash, mid-tier copper-gold producer Sandfire Resources (ASX: SFR, market cap: ~$750M) is ideally placed to capitalise on the nascent recovery in base metals. Underpinned by low-cost production from its high-grade DeGrussa mine in Western Australia, Sandfire is already well advanced with plans to bring two new copper mines on-stream, in Botswana and the USA. Plus, the company’s exciting new A4 copper discovery in Botswana, located just 8km from its T3 development project, is beginning to attract growing investor attention as Sandfire drills out a new satellite resource.