- Last 2026-11-06
- A$19.11
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$8.9B
- EV
- A$8.5B
- Cash
- US$352.6M
- Debt
- US$0
2 newer ASX announcements not yet reflected in this valuation
- 2026 Annual General Meeting AddressesLatest Operating Presentation
- September 2026 Quarterly ReportLatest Four Activities Reports
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 20All sources ▸- September 2026 Quarterly Report AdvisoryOperations
- Motheo Financial Community Site VisitPresentation
- Notification of cessation of securities - SFRCorporate Action
- Application for quotation of securities - SFRCorporate Action
- Application for quotation of securities - SFRCorporate Action
- FY26 Financial Results PresentationResults
- App 4E, FY26 Financial Results Overview and Annual ReportResults
- June 2026 Quarterly ReportOperations
- Black Butte Copper Project Study UpdateStudy
- March 2026 Quarterly ReportOperations
- December 2025 Half Year Financial Results PresentationResults
- Appendix 4D and December 2025 Half Year Financial ResultsResults
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| 27 October2026 | September26 quarterly report | Results | Confirmed | High | First post-dividend liquidity and FY27 operating proof point. |
| H2FY27 | MATSA33MW solar commissioning | Construction Or Commissioning | Company Guided | High | Energy cost resilience following construction completion. |
| Q3FY27 | Motheo21MW solar commissioning | Construction Or Commissioning | Company Guided | High | Reduce grid exposure and operating costs; commissioning timing matters. |
| No firm disclosed decision date | A1 mining permit decision | Permitting | Company Guided | High | Included reserve feed requires permit; delay threatens model life extension. |
| Watch: previousQ1FY27 target elapsed; completion not confirmed | Black Butte strategic review outcome | Transaction | Company Guided | High | Ownership, funding and construction commitment could materially change risk and option value. |
| PFS targetedH2FY28, beyond twelve-month horizon | Kalkaroo PFS and Stage2 election | Study | Company Guided | High | Study economics must justify remaining PFS spending, A105m Stage2 consideration and future capital. |
Executive roster
As of 2026-10-13Background checks ▸FY26 annual executive leadership pages40-41 and corporate-information page248, reconciled subsequent selected ASX releases through cutoff; includes both company secretaries.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Brendan Harris | Chief Executive Officer · Managing Director | Chief Executive · Executive Director | — | App 4E, FY26 Financial Results Overview and Annual Report |
| Cath Bozanich | Chief Sustainability Officer | Senior Management | — | App 4E, FY26 Financial Results Overview and Annual Report |
| Scott Browne | Chief People Officer | Senior Management | — | App 4E, FY26 Financial Results Overview and Annual Report |
| Jason Grace | Chief Operating Officer | Operations | — | App 4E, FY26 Financial Results Overview and Annual Report |
| Megan Jansen | Chief Financial Officer | Finance | — | App 4E, FY26 Financial Results Overview and Annual Report |
| Gemma Tually | Company Secretary · Chief Legal and Compliance Officer | Company Secretary · Senior Management | — | App 4E, FY26 Financial Results Overview and Annual Report |
| Pippa Prior | Joint Company Secretary | Company Secretary | — | App 4E, FY26 Financial Results Overview and Annual Report |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
MATSA
Spain
Operating copper and by-product mine complex
- Production annualised (attributable)
- 64.9k td
- Production (last FY, 100%)
- 53.9k t
- AISC (latest quarter)
- —
- AISC margin at spot
- —
- Delivery vs guidance
- NM
- Reserve life
- 9.3 yrsd
- Head grade
- —
Resources & reserves5
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total | 190M t | 1.2% Cu | Copper · Zinc · Silver · Lead | 2025-12-31 |
| Mineral Resource | Measured | 110M t | 1.2% Cu | Copper · Zinc · Silver · Lead | 2025-12-31 |
| Mineral Resource | Indicated | 49M t | 1.1% Cu | Copper · Zinc · Silver · Lead | 2025-12-31 |
| Mineral Resource | Inferred | 39M t | 1.1% Cu | Copper · Zinc · Silver · Lead | 2025-12-31 |
| Ore Reserve | Total | 36M t | 1.4% Cu | Copper · Zinc · Silver · Lead | 2025-12-31 |
Core asset
Motheo
Botswana
Operating copper and by-product mine complex
- Production annualised (attributable)
- 72.0k td
- Production (last FY, 100%)
- 51.8k t
- AISC (latest quarter)
- —
- AISC margin at spot
- —
- Delivery vs guidance
- NM
- Reserve life
- 7.5 yrsd
- Head grade
- 0.90% Cu
Resources & reserves5
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total | 57M t | 0.94% Cu | Copper · Silver | 2026-06-30 |
| Mineral Resource | Measured | 3M t | 0.92% Cu | Copper · Silver | 2026-06-30 |
| Mineral Resource | Indicated | 47M t | 0.96% Cu | Copper · Silver | 2026-06-30 |
| Mineral Resource | Inferred | 7.2M t | 0.86% Cu | Copper · Silver | 2026-06-30 |
| Ore Reserve | Total | 43M t | 0.89% Cu | Copper · Silver | 2026-06-30 |
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| A1 mining permit | Botswana | Required | — | Yes |
Material
Black Butte
United States
PFS completed; financing, strategic decision and Lowry permits outstanding
- Study
- PFS
- Post-tax NPV (study prices, attributable)
- —
- NPV restated at our deck (attributable)
- Locked
- IRR
- —
- Initial capex (100%)
- US$474.0ms
- Capital intensity
- US$15,290/(t/year/yr)d
- LoM AISC
- —
- Mine life
- 12.0 yrss
100% post-tax NPV8 atUS$4.70/lb; financing uncommitted and separate Lowry permits. Study AISC3.04USD/lb from primary issuer release.
Resources & reserves5
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total | 53.8M t | 1.7% Cu | Copper | 2026-06-30 |
| Mineral Resource | Measured | 5.3M t | 2.3% Cu | Copper | 2026-06-30 |
| Mineral Resource | Indicated | 31.4M t | 1.9% Cu | Copper | 2026-06-30 |
| Mineral Resource | Inferred | 17.1M t | 1.3% Cu | Copper | 2026-06-30 |
| Ore Reserve | Total | 14.3M t | 2.6% Cu | Copper | 2026-06-30 |
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Johnny Lee Mine Operating Permit | Montana | Granted | — | Yes |
| Lowry environmental review and mining approvals | Montana | Required | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Integrated Johnny Lee and Lowry PFS | PFS | Current | 2026-07-09 | 12-year initial life,31ktpa contained Cu, US$474m upfront and180m sustaining capex; copper4.70/lb, recovery88%. Lowry needs additional permitting. |
Material
Kalkaroo acquisition right
Australia
Wholly held acquisition right; current direct mine interest0%; Stage2 may acquire80%, Havilah20% free-carried to FID
- Ownership
- 10,000.0%d
- Description
- Contractual right to fund PFS and elect an80% earn-in; no current Kalkaroo mine ownership or mineral attribution
- Book value
- —
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Kalkaroo PFS preparation | PFS | Current | 2026-02-06 | No completed study economics. Study funded by Sandfire, US$70m budget and completionH2FY28. No current direct mine equity, resource or reserve assigned. |
Other
DeGrussa
Australia
Closed2022; legacy rehabilitation and plant divestment
- Ownership
- 10,000.0%d
- Description
- Closed2022 mine; rehabilitation obligations and plant divestment, no restart value
- Book value
- —
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Ownership
- 10,000.0%d
- Description
- Small financial investment portfolio; no material separate mine exposure established
- Book value
- US$4.6m
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Operating cash flow currently funds maintenance and PFS programs; Black Butte construction is not approved or funded. Currency and future capital deployment remain material.
Inventory composition1
Operating ore, concentrate and stores inventory remains in operating working capital. Book value is not added as a separate equity-value uplift.
- Group operating inventory
- US$102.2M carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 468M
- Fully diluted
- 469.7M
June gross issued466963304 plus43494 restricted executive ordinary shares and947775 converted rights =467954573. Rights2725657 minus947775 minus21897 =1755985. Treasury112890 already included in gross ordinary. FD469710558; conditional Stage2 shares are not currently issued.
Security classes2
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Gross ordinary fully paid shares including treasury | Ordinary Share | 468M | — | — |
| Remaining unquoted performance rights after conversion and lapse | Performance Right | 1.8M | A$0 | — |
KPI history
Operating metrics · MATSA
| Metric | Unit | Trend | June25 | September25 | December25 | March26 | June26 |
|---|---|---|---|---|---|---|---|
| Copper produced | t | 14,296 | 12,519 | 13,669 | 11,541 | 16,219 |
KPI history
Operating metrics · Motheo
| Metric | Unit | Trend | June25 | September25 | December25 | March26 | June26 |
|---|---|---|---|---|---|---|---|
| Copper produced | t | 14,932 | 12,050 | 10,405 | 11,327 | 18,005 |
Operating metric source table16
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Copper produced | Matsa | June25 | Quarter | 14,296 t | Reported |
| Copper produced | Matsa | September25 | Quarter | 12,519 t | Reported |
| Copper produced | Matsa | December25 | Quarter | 13,669 t | Reported |
| Copper produced | Matsa | March26 | Quarter | 11,541 t | Reported |
| Copper produced | Matsa | June26 | Quarter | 16,219 t | Reported |
| Copper produced | Motheo | June25 | Quarter | 14,932 t | Reported |
| Copper produced | Motheo | September25 | Quarter | 12,050 t | Reported |
| Copper produced | Motheo | December25 | Quarter | 10,405 t | Reported |
| Copper produced | Motheo | March26 | Quarter | 11,327 t | Reported |
| Copper produced | Motheo | June26 | Quarter | 18,005 t | Reported |
| Group cash | Company | 2025-06-30 | Point In Time | 110,668,000 USD | Reported |
| Group debt | Company | 2025-06-30 | Point In Time | 234,003,000 USD | Reported |
| Group cash | Company | 2025-12-31 | Point In Time | 137,217,000 USD | Reported |
| Group debt | Company | 2025-12-31 | Point In Time | 119,343,000 USD | Reported |
| Group cash | Company | 2026-06-30 | Point In Time | 352,629,000 USD | Reported |
| Group debt | Company | 2026-06-30 | Point In Time | 0 USD | Reported |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Copper Production | matsa | FY27 | 49,000 | 55,000 t | Current |
| Copper Production | motheo | FY27 | 50,000 | 56,000 t | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-30Ann. 2026-08-26 | Dividend | A$163.8M | — | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
FY26 annual, current quarter and original Kalkaroo terms establish material arrangement categories. Complete private concentrate contract terms are not disclosed; QP hedges expire before cutoff.
Owned contractual acquisition right only, with0% current mine interest. Transaction-calibrated net right value encompasses attached PFS/election/future funding conditions; remaining nominal PFS needs are shown in liquidity workpaper, not deducted twice.
Earn In · Conditional- Counterparties
- Havilah Resources
- Applies to
- Kalkaroo acquisition right · Copper
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Stage1 actual consideration: 118,900,000 AUD
Stage2 consideration: 105,000,000 AUD
PFS budget: 70,000,000 USD
Mine interest on Stage2: 80 pct
No valuation treatment is available for this arrangement.
Alliance regional exploration A30m overminimum24months, Sandfire research program and funding responsibility. Included in regional exploration cost allowance; no separate invented resources.
Strategic Partnership · Active- Counterparties
- Havilah Resources
- Applies to
- Kalkaroo acquisition right · Copper
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Exploration commitment: 30,000,000 AUD
No valuation treatment is available for this arrangement.
Concentrate commercial terms feed payable-metal revenue; counterparty tenure and complete price terms not public in reviewed source. No enduring negative TCRC subsidy assumed.
Offtake · Active- Applies to
- Motheo · Copper · Silver
- Economic direction
- Mixed
- Period
- Dates not stated
No valuation treatment is available for this arrangement.
Annual report Note3 states all MATSA production sold to Trafigura EXW Impala Terminals Huelva. Payability, treatment charges and freight appear once in modeled net revenue.
Offtake · Active- Counterparties
- Trafigura
- Applies to
- MATSA · Copper · Silver
- Economic direction
- Mixed
- Period
- Dates not stated
No valuation treatment is available for this arrangement.
Statutory mineral royalties are included in underlying operating costs. A price-linked component is adjusted around guidance; no second gross royalty deduction.
Royalty · Active- Applies to
- Motheo · Copper · Silver
- Economic direction
- Burden
- Period
- Dates not stated
No valuation treatment is available for this arrangement.
June30 disclosed quotational-period copper,zinc and silver hedges maturedJuly/August2026. No fixed debt-linked hedges outstanding followingJanuary2026 maturity. RollingQP exposure remains policy risk; no enduring protected tonnage assumed.
Commodity Hedge · Expired- Applies to
- MATSA · Motheo · Copper · Silver
- Economic direction
- Mixed
- Period
- Through 2026-08-31; start date not stated
- Key terms
- MATSA Cu QP tonnes: 9,157 t
Motheo Cu QP tonnes: 6,825 t
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The reviewed sources describe a copper producer with reported operating progress alongside serious historical heritage, safety and auditor-appointment issues. The board directly named the COO in an incentive decision, while company events are not treated as proof of personal culpability. This is incomplete public-record screening.
Decision-relevant facts
Material summary
Brendan Harris
Chief Executive Officer and Managing Director
Reported production and financial improvement
Sandfire reported FY2026 group copper-equivalent production of 154.2kt and net cash of US$353m at 30 June, compared with net debt of US$123m a year earlier. Company results reflect team performance and commodity prices, not proof of individual causation.
Role overlaps event; causation unproven · Harris was CEO in the period; group results cannot be uniquely attributed.
MATSA contractor fatality and company response
A contracting-company worker died at the Magdalena mine on 25 February 2026. Sandfire said it suspended activity and was working with Spanish authorities; the April quarterly said the authorities continued their investigation. The final investigation and any findings are not established. Sandfire’s FY2026 remuneration report says the board applied a 10-percentage-point negative modifier to the company STI scorecard following the fatality; this company scorecard adjustment was not a finding of personal fault.
Role overlaps event; causation unproven · The person held group leadership during the event; sources do not establish personal responsibility for the death.
Auditor appointment oversight and court relief
The WA Supreme Court held that Sandfire had not obtained the required nomination and shareholder appointment of its auditor at the 2023 AGM, and granted validating relief in 2024. The court found the non-compliance inadvertent, with no evidence of substantial misconduct. Evidence before the court said Prior escalated the issue to Tually and Jansen, then Harris.
Role overlaps event; causation unproven · The court considered company oversight and subsequent detection and escalation; it did not find this individual personally responsible for the failure.
Evidence gaps · 3
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
Cath Bozanich
Chief Sustainability Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
Scott Browne
Chief People Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
Jason Grace
Chief Operating Officer
MATSA contractor fatality and company response
A contracting-company worker died at the Magdalena mine on 25 February 2026. Sandfire said it suspended activity and was working with Spanish authorities; the April quarterly said the authorities continued their investigation. The final investigation and any findings are not established. Sandfire’s FY2026 remuneration report says the board applied a 10-percentage-point negative modifier to the company STI scorecard following the fatality; this company scorecard adjustment was not a finding of personal fault.
Role overlaps event; causation unproven · The person held group leadership during the event; sources do not establish personal responsibility for the death.
Board applied incentive discretion following heritage disturbance
Sandfire reported disturbances at Monty mainly in 2017–18 and delayed notification to the Yugunga-Nya. The board reduced Grace’s FY2024 individual short-term incentive outcome by 12.5%; it discussed accountability for physical disturbance, escalation time, or both, without specifying the exact basis for Grace. The independent commissioned investigation identified organisational process failures. Sandfire later reported that the Western Australian heritage department did not substantiate an Aboriginal Heritage Act breach; the department’s original determination was not reviewed.
Individual involvement documented · The board specifically named Grace in its incentive decision. Grace joined Sandfire in 2019, after the main 2017–18 disturbance; the report does not prove that he caused it.
DeGrussa rock-fall conviction
WorkSafe WA reported that Sandfire pleaded guilty in November 2023 to a safety breach after a May 2020 rock fall trapped and injured a worker at DeGrussa. The regulator reported a A$551,250 fine and A$4,670 costs.
Role overlaps event; causation unproven · Grace was Sandfire COO by 2020. The company was convicted; the regulator announcement does not establish his personal involvement or fault.
Evidence gaps · 5
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
- The board did not specify whether Grace’s reduction related to physical disturbance, escalation, or both.
- Final Spanish authority findings on the 2026 MATSA fatality are not established.
Megan Jansen
Chief Financial Officer
Auditor appointment oversight and court relief
The WA Supreme Court held that Sandfire had not obtained the required nomination and shareholder appointment of its auditor at the 2023 AGM, and granted validating relief in 2024. The court found the non-compliance inadvertent, with no evidence of substantial misconduct. Evidence before the court said Prior escalated the issue to Tually and Jansen, then Harris.
Role overlaps event; causation unproven · The court considered company oversight and subsequent detection and escalation; it did not find this individual personally responsible for the failure.
Evidence gaps · 3
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
Gemma Tually
Company Secretary and Chief Legal and Compliance Officer
Auditor appointment oversight and court relief
The WA Supreme Court held that Sandfire had not obtained the required nomination and shareholder appointment of its auditor at the 2023 AGM, and granted validating relief in 2024. The court found the non-compliance inadvertent, with no evidence of substantial misconduct. Evidence before the court said Prior escalated the issue to Tually and Jansen, then Harris.
Role overlaps event; causation unproven · The court considered company oversight and subsequent detection and escalation; it did not find this individual personally responsible for the failure.
Evidence gaps · 4
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
- An issuer biography says October 2024; the dated 19 September appointment notice states the effective date as 1 November 2024.
Pippa Prior
Joint Company Secretary
Auditor appointment oversight and court relief
The WA Supreme Court held that Sandfire had not obtained the required nomination and shareholder appointment of its auditor at the 2023 AGM, and granted validating relief in 2024. The court found the non-compliance inadvertent, with no evidence of substantial misconduct. Evidence before the court said Prior escalated the issue to Tually and Jansen, then Harris.
Role overlaps event; causation unproven · The court considered company oversight and subsequent detection and escalation; it did not find this individual personally responsible for the failure.
Evidence gaps · 4
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
- The current October 2026 company secretary status is based on the June 2026 annual report and 2024 appointment; no later confirmation was opened.
Dale Burgess
President, Sandfire MATSA
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
- The issuer named this asset role during 2026; its continuation at the 31 October cutoff is not independently confirmed.
Jamie Caratti
Motheo Asset President
Motheo production at 30 September 2026
Sandfire reported 16.1kt of copper-equivalent production at Motheo for the September 2026 quarter. The dated July issuer article named the asset president and general manager; their exact current dates and personal contributions are not independently established.
Role overlaps event; causation unproven · Issuer named this operational leader in July 2026; quarter outcomes are not evidence of individual causation.
Evidence gaps · 4
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
- The issuer named this asset role during 2026; its continuation at the 31 October cutoff is not independently confirmed.
Onalenna Candy Godie
General Manager, Motheo Operations
Motheo production at 30 September 2026
Sandfire reported 16.1kt of copper-equivalent production at Motheo for the September 2026 quarter. The dated July issuer article named the asset president and general manager; their exact current dates and personal contributions are not independently established.
Role overlaps event; causation unproven · Issuer named this operational leader in July 2026; quarter outcomes are not evidence of individual causation.
Evidence gaps · 5
- This is a partial screening. Separate named-person searches in each required topic, full prior-employer histories, and court, regulator, safety and environmental records have not been completed.
- The available qualifications have not been independently verified with an awarding body or register.
- No absence of adverse information or individual clearance is implied.
- The issuer named this asset role during 2026; its continuation at the 31 October cutoff is not independently confirmed.
- The event biography’s prior roles and qualifications are not independently corroborated.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-07-24 · 466,963,304 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 35.65% | 166,412,782 | |
| 2 | 25.94% | 121,081,894 | |
| 3 | 18.22% | 85,074,287 | |
| 4 | 3.90% | 18,203,702 | |
| 5 | 1.24% | 5,781,359 | |
| 6 | 1.05% | 4,880,618 | |
| 7 | 0.99% | 4,640,833 | |
| 8 | 0.59% | 2,750,800 | |
| 9 | 0.41% | 1,918,042 | |
| 10 | 0.39% | 1,833,600 | |
| 11 | 0.32% | 1,486,786 | |
| 12 | 0.32% | 1,477,727 | |
| 13 | 0.31% | 1,455,000 | |
| 14 | 0.28% | 1,304,112 | |
| 15 | 0.26% | 1,220,833 | |
| 16 | 0.22% | 1,010,352 | |
| 17 | 0.20% | 942,740 | |
| 18 | 0.20% | 930,530 | |
| 19 | 0.18% | 842,738 | |
| 20 | 0.14% | 665,305 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 9.45%Voting power | 2026-10-12 | |
| 6.33%Voting power | 2026-07-09 | |
| 6.03%Voting power | 2025-09-24 | |
| 5.45%Voting power | 2026-10-15 | |
| 5.01%Voting power | 2026-08-20 |
Other named investors
Issuer-confirmed investors whose existing holding is not quantified in the reviewed disclosure
| Investor | Disclosed holding | Confirmed at |
|---|---|---|
| 846.1K shares | 2026-08-27 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- The 20 registered accounts total 423,914,040 shares and 90.80% of issued ordinary shares on 24 July 2026; nominees do not identify underlying beneficial owners.
- The later Harris notice states the change date was 27 August but also states rights vested on 28 August; its post-change holding is reported with that date uncertainty.
- State Street and Vanguard disclosures are historical, and both group interests and register accounts can overlap; do not sum these views or assume custody equals economic ownership.
- Macquarie ceased being a substantial holder on 26 March 2026, without implying zero ownership. BlackRock subsequently regained substantial status on 20 August.
- The 16 October 2026 Sandfire notice concerns its investment in BOA Resources, not ownership of Sandfire.
- Havilah’s register account reflects Sandfire shares received in the Kalkaroo transaction; subsequent ownership may have changed.
Sources
- FY26 annual report
Sandfire / ASX · Published 2026-08-26 · Accessed 2026-10-31
20 registered accounts and issued shares as at 24 July 2026.
PDF pages 241–242, register visually inspected; local downloads/SFR/2026/2026-08-26_App 4E, FY26 Financial Results Overview and Annual Report_364aa4f693916849.pdf
- Form 604: AustralianSuper
Sandfire / ASX · Published 2026-10-14 · Accessed 2026-10-31
44,215,523 votes and 9.45% on 12 October 2026.
Page 1; local downloads/SFR/2026/2026-10-14_Change in substantial holding_dc6ac4328902a51a.pdf
- Form 604: Ausbil
Sandfire / ASX · Published 2026-10-19 · Accessed 2026-10-31
25,508,277 votes and 5.451% on 15 October 2026.
Page 1 visually inspected; local downloads/SFR/2026/2026-10-19_Change in substantial holding_85f42fce7d3041da.pdf
- Form 604: State Street
Sandfire / ASX · Published 2026-07-13 · Accessed 2026-10-31
29,553,861 votes and 6.33% on 9 July 2026.
Page 1; local downloads/SFR/2026/2026-07-13_Change in substantial holding_6395c503faacdc2c.pdf
- Form 603: BlackRock
Sandfire / ASX · Published 2026-08-24 · Accessed 2026-10-31
23,398,715 votes and 5.01% on 20 August 2026.
Page 1 visually inspected; local downloads/SFR/2026/2026-08-24_Becoming a substantial holder_e4c0fea882e08bc0.pdf
- Form 604: Vanguard
Sandfire / ASX · Published 2025-09-29 · Accessed 2026-10-31
27,669,535 votes and 6.026% on 24 September 2025.
Page 1; local downloads/SFR/2025/2025-09-29_Change in substantial holding_8cd896de1ee0974e.pdf
- Appendix 3Y: Brendan Harris
Sandfire / ASX · Published 2026-09-02 · Accessed 2026-10-31
Post-change 796,050 indirect shares and 50,076 direct restricted shares; change date is stated as 27 August but vesting is also dated 28 August.
Pages 1–2; local downloads/SFR/2026/2026-09-02_Appendix 3Y Change of Director's Interest Notice - B Harris_428e6b0e3c60ab13.pdf
- Form 605: Macquarie
Sandfire / ASX · Published 2026-03-27 · Accessed 2026-10-31
Macquarie ceased substantial status 26 March 2026; no zero holding implied.
Page 1; local downloads/SFR/2026/2026-03-27_Ceasing to be a substantial holder from MQG_ca952e496992e381.pdf
Disclosed activity
Insider transactions
Trading activity2 buys · 5 sells shownNet cash last 12 months no tradesShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-08-27to 2026-09-02 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2026-08-27Sale to cover tax liabilities. Date bounded by conflicting notice dates. Bounded by stated change date and notice publication. As disclosed: Disposal on-market
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | SaleFully Paid Ordinary Shares | 115,943 | — | AUD 23.33Disclosed price | — |
| 2026-08-27to 2026-09-02 | Brendan HarrisBrendan Harris
Details & evidence for Brendan Harris on 2026-08-27Performance conditions not met; notice date and vesting date differ. Bounded by stated change date and notice publication. As disclosed: Rights lapsed
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | ExpiryPerformance Rights | 3,122 | —Non Cash | — | — |
| 2026-08-28 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2026-08-28Vesting expressly dated 28 August; notice header separately gives 27 August as change date. As disclosed: Vesting of rights under Employee Long-Term Incentive plan
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | VestingFully Paid Ordinary Shares | 246,688 | —Non Cash | — | — |
| 2026-04-24 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2026-04-24Tranche 3 sign-on rights vested at nil cost. As disclosed: Vesting of sign-on rights
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | VestingFully Paid Ordinary Shares | 366,667 | —Non Cash | — | — |
| 2026-04-24 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2026-04-24Sale to cover tax liabilities. As disclosed: Disposal on-market
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | SaleFully Paid Ordinary Shares | 172,333 | — | AUD 17.2Disclosed price | — |
| 2025-11-27 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2025-11-27Sale to cover tax liabilities. As disclosed: Disposal on-market
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | SaleFully Paid Ordinary Shares | 33,890 | — | AUD 15.55Disclosed price | — |
| 2025-11-27 | Brendan HarrisCertane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust
Details & evidence for Brendan Harris on 2025-11-27FY25 short-term incentive restricted shares at nil cost. As disclosed: Allocation of restricted shares
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | GrantRestricted fully paid ordinary shares | 50,076 | —Non Cash | — | — |
| 2025-11-27 | Brendan HarrisBrendan Harris
Details & evidence for Brendan Harris on 2025-11-27Lapse because conditions not met. As disclosed: ZEPOs lapsed
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | ExpiryZero Exercise Price Options | 5,013 | —Non Cash | — | — |
| 2025-11-27 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2025-11-27Zero exercise price options converted at nil cost. As disclosed: Exercise of ZEPOs
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | ExerciseFully Paid Ordinary Shares | 72,107 | —Non Cash | — | — |
| 2025-11-26 | Brendan HarrisBrendan Harris
Details & evidence for Brendan Harris on 2025-11-26FY26 long-term incentive rights at nil cost. As disclosed: Allocation of performance rights
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | GrantPerformance Rights | 153,374 | —Non Cash | — | — |
| 2025-04-30 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2025-04-30Tranche 2 sign-on rights vested at nil cost. As disclosed: Vesting of sign-on rights
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | VestingFully Paid Ordinary Shares | 366,667 | —Non Cash | — | — |
| 2025-04-30 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2025-04-30Sale to cover tax liabilities. As disclosed: Disposal on-market
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | SaleFully Paid Ordinary Shares | 172,333 | — | AUD 9.93Disclosed price | — |
| 2024-11-28 | Brendan Harris
Details & evidence for Brendan Harris on 2024-11-28The notice states an allocation under the FY25 Long-Term Incentive Plan; no cash consideration is disclosed. As disclosed: Allocation of Performance Rights per the FY25 Long-Term Incentive Plan held directly.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | GrantPerformance Rights (SFRAAE) | 169,683 | —Non Cash | — | 419,493 |
| 2024-11-25 | Brendan Harris
Details & evidence for Brendan Harris on 2024-11-25Non-cash movement from the director's direct holding to the Harris Family A/C. The incoming position is represented in the source-backed final account holding snapshot. As disclosed: 11,101 Fully Paid Ordinary Shares which were held directly have been transferred to the Harris Family A/C now held indirectly.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | Transfer OutFully Paid Ordinary Shares | 11,101 | —Non Cash | — | 0 |
| 2024-11-25 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2024-11-25The 30-day VWAP value of A$8.84 per share is an allocation value, not cash consideration. As disclosed: Issue of Fully Paid Ordinary Shares per the FY24 Short Term Incentive Plan held indirectly in trust by Harris Family A/C.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | GrantFully Paid Ordinary Shares | 32,986 | —Non Cash | — | — |
| 2024-09-06 | Sally Martin
Details & evidence for Sally Martin on 2024-09-06Direct on-market purchase. Currency is not stated in the notice. As disclosed: Purchased 4,000 ordinary shares on-market at an average of $8.275 per share for a total consideration of $33,100.
director; independent non-executive director · Start not disclosed Appendix 3Y Change of Director's Interest Notice - S Martin ↗ Appendix 3Y Change of Director's Interest Notice - S Martin ↗ | PurchaseFully Paid Ordinary Shares | 4,000 | — | AUD 8.275Disclosed price | 4,000 |
| 2024-05-02 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2024-05-02Shares issued following vesting of sign-on rights and held indirectly through Harris Family A/C. The notice states nil cost. As disclosed: Received 366,666 ordinary shares at nil cost, following vesting of rights on 2 May 2024 under the Sign On Rights issued.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | VestingFully Paid Ordinary Shares | 366,666 | —Non Cash | — | 366,666 |
| 2024-05-02 | Brendan HarrisHarris Family A/C
Details & evidence for Brendan Harris on 2024-05-02On-market disposal from the indirect Harris Family A/C shareholding. The notice gives an average price but no aggregate sale proceeds; currency is not stated. As disclosed: Disposed of 172,333 ordinary shares on-market at an average of $9.26 per share to cover tax liabilities.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | SaleFully Paid Ordinary Shares | 172,333 | — | AUD 9.26Disclosed price | 194,333 |
| 2023-12-21 | Brendan Harris
Details & evidence for Brendan Harris on 2023-12-21Direct FY24 LTI performance-right grant. The disclosed $6.0045 per-right figure is an allocation value based on VWAP, not cash paid. As disclosed: Issue of FY2024 LTI Rights under the Company's Equity Incentive Plan pursuant to shareholder approval granted at the Company's 2023 Annual General Meeting.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | GrantPerformance Rights (SFRAAE) | 249,810 | —Non Cash | — | 249,810 |
| 2023-09-20 | Brendan Harris
Details & evidence for Brendan Harris on 2023-09-20Shares issued directly on satisfaction of the FY2023 STIP performance conditions; VWAP allocation value is not cash consideration. As disclosed: Allocation of 11,101 fully paid ordinary shares issued on satisfaction of performance conditions of the Company's FY2023 short-term incentive plan.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | VestingFully Paid Ordinary Shares | 11,101 | —Non Cash | — | 11,101 |
| 2023-06-05 | Jennifer MorrisJM30 Family A/C
Details & evidence for Jennifer Morris on 2023-06-05Indirect on-market purchase through JM30 Family A/C; the notice says Jennifer Morris is trustee and may be a beneficiary. Currency is not stated. As disclosed: 17,500 ordinary fully paid shares acquired on-market for $98,763.40 excluding $118.53 brokerage.
director; independent non-executive director · Start not disclosed Appendix 3Y Change of Director's Interest Notice J Morris ↗ Appendix 3Y Change of Director's Interest Notice J Morris ↗ | Purchaseordinary fully paid shares | 17,500 | — | — | 28,062 |
Disclosed holding observations34 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-08-25 | Brendan Harris
Details & evidence for Brendan Harris on 2026-08-25The reported 715,381 shares exclude 30,513 FY26 STI restricted shares requiring approval at the 2026 AGM. The report does not specify direct versus indirect interest or an account.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionordinary shares | 715,381 | — |
| 2026-08-25 | Brendan Harris
Details & evidence for Brendan Harris on 2026-08-25The combined 569,745 comprises FY24 246,688, FY25 169,683 and FY26 153,374 performance rights. The report does not specify direct versus indirect interest or an account.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionrights and options (combined disclosure) | 569,745 | — |
| 2026-08-25 | Jennifer Morris
Details & evidence for Jennifer Morris on 2026-08-25The report states director interests but does not specify direct versus indirect interest or an account.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionordinary shares | 28,062 | — |
| 2026-08-25 | Jennifer Morris
Details & evidence for Jennifer Morris on 2026-08-25The table reports an em dash; no rights or options quantity was disclosed. Direct versus indirect interest and account are not specified.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionrights and options (combined disclosure) | 0 | — |
| 2026-08-25 | John Richards
Details & evidence for John Richards on 2026-08-25The report states director interests but does not specify direct versus indirect interest or an account.
director; independent non-executive chair · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionordinary shares | 66,819 | — |
| 2026-08-25 | John Richards
Details & evidence for John Richards on 2026-08-25The table reports an em dash; no rights or options quantity was disclosed. Direct versus indirect interest and account are not specified.
director; independent non-executive chair · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionrights and options (combined disclosure) | 0 | — |
| 2026-08-25 | Paul Harvey
Details & evidence for Paul Harvey on 2026-08-25The table reports an em dash; no ordinary share quantity was disclosed. Direct versus indirect interest and account are not specified.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionordinary shares | 0 | — |
| 2026-08-25 | Paul Harvey
Details & evidence for Paul Harvey on 2026-08-25The table reports an em dash; no rights or options quantity was disclosed. Direct versus indirect interest and account are not specified.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionrights and options (combined disclosure) | 0 | — |
| 2026-08-25 | Robert Edwards
Details & evidence for Robert Edwards on 2026-08-25The table reports an em dash; no ordinary share quantity was disclosed. Direct versus indirect interest and account are not specified.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionordinary shares | 0 | — |
| 2026-08-25 | Robert Edwards
Details & evidence for Robert Edwards on 2026-08-25The table reports an em dash; no rights or options quantity was disclosed. Direct versus indirect interest and account are not specified.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionrights and options (combined disclosure) | 0 | — |
| 2026-08-25 | Sally Langer
Details & evidence for Sally Langer on 2026-08-25The report states director interests but does not specify direct versus indirect interest or an account.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionordinary shares | 29,044 | — |
| 2026-08-25 | Sally Langer
Details & evidence for Sally Langer on 2026-08-25The table reports an em dash; no rights or options quantity was disclosed. Direct versus indirect interest and account are not specified.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionrights and options (combined disclosure) | 0 | — |
| 2026-08-25 | Sally Martin
Details & evidence for Sally Martin on 2026-08-25The report states director interests but does not specify direct versus indirect interest or an account.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionordinary shares | 4,000 | — |
| 2026-08-25 | Sally Martin
Details & evidence for Sally Martin on 2026-08-25The table reports an em dash; no rights or options quantity was disclosed. Direct versus indirect interest and account are not specified.
director; independent non-executive director · Start not disclosed App 4E, FY26 Financial Results Overview and Annual Report ↗ | Positionrights and options (combined disclosure) | 0 | — |
| 2024-11-28 | Brendan Harris
Details & evidence for Brendan Harris on 2024-11-28No direct ordinary-share balance is listed after the 11,101-share transfer; the notice reports 238,420 ordinary shares indirectly through the Harris Family A/C.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalFully Paid Ordinary Shares | 0 | — |
| 2024-11-28 | Brendan Harris
Details & evidence for Brendan Harris on 2024-11-28The reported 238,420 comprises the prior 194,333 indirect shares, the 11,101-share transfer from direct holding and 32,986 FY24 STI shares issued to the account.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalFully Paid Ordinary Shares | 238,420 | — |
| 2024-11-28 | Brendan Harris
Details & evidence for Brendan Harris on 2024-11-28Direct holding as reported after change.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalPerformance Rights (SFRAAE) | 419,493 | — |
| 2024-11-28 | Brendan Harris
Details & evidence for Brendan Harris on 2024-11-28Direct holding as reported after change.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalSign On Rights (SFRAAE) | 733,334 | — |
| 2024-11-28 | Brendan Harris
Details & evidence for Brendan Harris on 2024-11-28Direct holding as reported after change.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | Finalzero exercise price options (SFRAB) | 77,120 | — |
| 2024-09-06 | Sally Martin
Details & evidence for Sally Martin on 2024-09-06Direct holding as reported after the purchase.
director; independent non-executive director · Start not disclosed Appendix 3Y Change of Director's Interest Notice - S Martin ↗ | FinalFully Paid Ordinary Shares | 4,000 | — |
| 2024-05-02 | Brendan Harris
Details & evidence for Brendan Harris on 2024-05-02Direct ordinary shares as reported after the change.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalFully Paid Ordinary Shares | 11,101 | — |
| 2024-05-02 | Brendan Harris
Details & evidence for Brendan Harris on 2024-05-02Indirect ordinary shares held in trust by Harris Family A/C as reported after the change.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalFully Paid Ordinary Shares | 194,333 | — |
| 2024-05-02 | Brendan Harris
Details & evidence for Brendan Harris on 2024-05-02Direct holding as reported after change.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalPerformance Rights (SFRAAE) | 249,810 | — |
| 2024-05-02 | Brendan Harris
Details & evidence for Brendan Harris on 2024-05-02Direct holding as reported after change.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalSign On Rights (SFRAAE) | 733,334 | — |
| 2024-05-02 | Brendan Harris
Details & evidence for Brendan Harris on 2024-05-02Direct holding as reported after change.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | Finalzero exercise price options (SFRAB) | 77,120 | — |
| 2023-12-21 | Brendan Harris
Details & evidence for Brendan Harris on 2023-12-21Direct performance-right balance after the FY24 LTI allocation.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalPerformance Rights (SFRAAE), expiry 21 December 2026 | 249,810 | — |
| 2023-09-20 | Brendan Harris
Details & evidence for Brendan Harris on 2023-09-20Direct ordinary-share balance reported after the FY2023 STIP issuance.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3Y Change of Director's Interest Notice - B Harris ↗ | FinalFully Paid Ordinary Shares | 11,101 | — |
| 2023-09-12 | Paul Harvey
Details & evidence for Paul Harvey on 2023-09-12The initial notice reports Nil direct securities interests.
director; independent non-executive director · Start not disclosed Appendix 3X Initial Director's Interest Notice - P Harvey ↗ | Initialall securities listed in notice | 0 | — |
| 2023-09-12 | Paul Harvey
Details & evidence for Paul Harvey on 2023-09-12The initial notice reports Nil indirect securities interests.
director; independent non-executive director · Start not disclosed Appendix 3X Initial Director's Interest Notice - P Harvey ↗ | Initialall securities listed in notice | 0 | — |
| 2023-06-30 | Dr Roric Smith
Details & evidence for Dr Roric Smith on 2023-06-30Final notice reports Nil registered-holder securities interests at cessation.
director · Start not disclosed to 2023-06-30 Appendix 3Z Final Director's Interest Notice - Dr R Smith ↗ | Finalall securities listed in notice | 0 | — |
| 2023-06-30 | Dr Roric Smith
Details & evidence for Dr Roric Smith on 2023-06-30Final notice reports Nil non-registered-holder securities interests at cessation.
director · Start not disclosed to 2023-06-30 Appendix 3Z Final Director's Interest Notice - Dr R Smith ↗ | Finalall securities listed in notice | 0 | — |
| 2023-06-05 | Jennifer Morris
Details & evidence for Jennifer Morris on 2023-06-05Indirect position after the on-market purchase; account relationship is recorded as disclosed.
director; independent non-executive director · Start not disclosed Appendix 3Y Change of Director's Interest Notice J Morris ↗ | Finalordinary fully paid shares | 28,062 | — |
| 2023-04-03 | Brendan Harris
Details & evidence for Brendan Harris on 2023-04-03Initial direct position reported on appointment; detailed vesting terms are not stated in this notice.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3X Initial Director's Interest Notice B Harris ↗ | InitialSign-on Rights | 1,100,000 | — |
| 2023-04-03 | Brendan Harris
Details & evidence for Brendan Harris on 2023-04-03Initial direct position reported on appointment; exercise price and expiry are not disclosed in this notice.
director · Start not disclosed Harris Family A/C · Relevant indirect ordinary shares held in Harris Family account. Certane CT Pty Ltd as trustee for Sandfire Resources Ltd Employee Share Trust · Employee share trust restricted shares held for director as beneficiary. Appendix 3X Initial Director's Interest Notice B Harris ↗ | Initialzero exercise price options (ZEPOs) | 77,120 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory23 documents
Latest eligible local ASX ordinary-share closeMarket Data · HighExtracted
Latest eligible local close A$21.690001 on 2026-10-13; volume2267992; market data provider via miners.collect_stock_prices. This is the cutoff reference, not a live October24 quote.
- Document ID
- doc-sfr-price-20261013
- Published UTC
- 2026-10-13T06:00:00+00:00
- Projects
- —
- Commodities
- copper
September 2026 Quarterly Report AdvisoryOperations · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-adv
- Published UTC
- 2026-10-08T10:53:19+11:00
- Projects
- —
- Commodities
- copper
Resources and Energy Quarterly September2026Market Data · HighExtracted
Primary independent forecast distinguishes nominal and real2026USD. Copper real2031 US11604/t; zinc real2031 US2712/t. Retained eligible PDF copied from an existing primary source package; no other ticker analysis read.
- Document ID
- doc-sfr-req-202609
- Published UTC
- 2026-10-02T00:00:00+00:00
- Projects
- matsa · motheo
- Commodities
- copper · zinc
Motheo Financial Community Site VisitPresentation · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-site
- Published UTC
- 2026-09-21T14:35:50+10:00
- Projects
- motheo
- Commodities
- copper
Notification of cessation of securities - SFRCorporate Action · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-lap
- Published UTC
- 2026-09-02T12:22:25+10:00
- Projects
- —
- Commodities
- copper
Application for quotation of securities - SFRCorporate Action · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-s1
- Published UTC
- 2026-09-02T10:42:54+10:00
- Projects
- —
- Commodities
- copper
Application for quotation of securities - SFRCorporate Action · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-s2
- Published UTC
- 2026-09-02T10:38:59+10:00
- Projects
- —
- Commodities
- copper
FY26 Financial Results PresentationResults · MediumExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-extra-5
- Published UTC
- 2026-08-26T07:57:30+10:00
- Projects
- —
- Commodities
- copper
App 4E, FY26 Financial Results Overview and Annual ReportResults · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-ann
- Published UTC
- 2026-08-26T07:56:05+10:00
- Projects
- matsa · motheo · black-butte · kalkaroo-right · degrussa
- Commodities
- copper · zinc · silver
June 2026 Quarterly ReportOperations · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-q4
- Published UTC
- 2026-07-23T08:29:36+10:00
- Projects
- —
- Commodities
- copper
Black Butte Copper Project Study UpdateStudy · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-bb
- Published UTC
- 2026-07-09T19:21:35+10:00
- Projects
- black-butte
- Commodities
- copper
Sandfire America Black Butte updated PFS issuer releaseStudy · HighExtracted
Issuer distributed primary release; economic analysis gives post-tax NPV8 US$126m, IRR13.3%, US$474m initial capex and US$3.04/lb AISC. Retained ASX parent PDF omits NPV; issuer site PDF retrieval returned HTTP403, so this remains remote primary research evidence.
- Document ID
- doc-sfr-black-butte-issuer
- Published UTC
- 2026-07-09T09:00:00+00:00
- Projects
- black-butte
- Commodities
- copper
March 2026 Quarterly ReportOperations · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-q3
- Published UTC
- 2026-04-23T08:22:52+10:00
- Projects
- —
- Commodities
- copper
December 2025 Half Year Financial Results PresentationResults · MediumExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-extra-10
- Published UTC
- 2026-02-19T08:12:41+11:00
- Projects
- —
- Commodities
- copper
Appendix 4D and December 2025 Half Year Financial ResultsResults · MediumExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-extra-11
- Published UTC
- 2026-02-19T08:12:01+11:00
- Projects
- —
- Commodities
- copper
Kalkaroo Copper-Gold Project Agreement UpdateTransaction · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-kal2
- Published UTC
- 2026-02-06T20:00:18+11:00
- Projects
- kalkaroo-right
- Commodities
- copper
December 2025 Quarterly ReportOperations · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-q2
- Published UTC
- 2026-01-22T08:28:45+11:00
- Projects
- —
- Commodities
- copper
Agreement to advance Kalkaroo Copper-Gold ProjectTransaction · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-kal
- Published UTC
- 2025-11-13T08:28:12+11:00
- Projects
- kalkaroo-right
- Commodities
- copper
September 2025 Quarterly ReportOperations · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-q1
- Published UTC
- 2025-10-27T08:30:09+11:00
- Projects
- —
- Commodities
- copper
FY25 Financial Results PresentationResults · MediumExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-extra-16
- Published UTC
- 2025-08-28T08:33:53+10:00
- Projects
- —
- Commodities
- copper
App 4E, FY25 Financial Results Overview and Annual ReportResults · MediumExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-extra-17
- Published UTC
- 2025-08-28T08:32:28+10:00
- Projects
- —
- Commodities
- copper
June 2025 Quarterly ReportOperations · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-q25
- Published UTC
- 2025-07-29T08:23:03+10:00
- Projects
- —
- Commodities
- copper
March 2025 Quarterly ReportOperations · HighExtracted
Reviewed source; current operating, financial and mineral inventory selected from FY26 annual and subsequent material releases. Prior-period releases provide trend context and are superseded for current inputs.
- Document ID
- doc-sfr-qold
- Published UTC
- 2025-04-29T08:24:21+10:00
- Projects
- —
- Commodities
- copper
Evidence facts123
57 Mt
2026-06-300.94 % Cu
2026-06-30540000 t
2026-06-303 Mt
2026-06-300.92 % Cu
2026-06-3027000 t
2026-06-3047 Mt
2026-06-300.96 % Cu
2026-06-30450000 t
2026-06-307.2 Mt
2026-06-300.86 % Cu
2026-06-3062000 t
2026-06-3043 Mt
2026-06-300.89 % Cu
2026-06-30390000 t
2026-06-3025 Moz
2026-06-3014 g/t Ag
2026-06-3018 Moz
2026-06-3013 g/t Ag
2026-06-30467954573 shares
2026-09-02469710558 shares
2026-09-02352629000 USD
2026-06-300 USD
2026-06-3036432000 USD
2026-06-302218242000 USD
2026-06-301653666000 USD
2026-06-30867019000 USD
2026-06-30355807000 USD
2026-06-30746804000 USD
2026-06-30239908000 USD
2026-06-30650000000 USD
2026-06-30190 Mt
2025-12-311.2 % Cu
2025-12-312300000 t
2025-12-31110 Mt
2025-12-311.2 % Cu
2025-12-311300000 t
2025-12-3149 Mt
2025-12-311.1 % Cu
2025-12-31530000 t
2025-12-3139 Mt
2025-12-311.1 % Cu
2025-12-31430000 t
2025-12-31copper text
2026-10-13ES text
2026-10-13100 pct
2026-10-13copper text
2026-10-13BW text
2026-10-13100 pct
2026-10-1386.89 pct
2026-10-1336 Mt
2025-12-311.4 % Cu
2025-12-31500000 t
2025-12-315300 kt
2025-12-312.7 % Zn
2025-12-312000 kt
2025-12-311.0 % Pb
2025-12-31230 Moz
2025-12-3137 g/t Ag
2025-12-31890 kt
2025-12-312.5 % Zn
2025-12-31270 kt
2025-12-310.77 % Pb
2025-12-3139 Moz
2025-12-3134 g/t Ag
2025-12-3149–55 kt copper FY27 text
2027-06-3065000000 USD
2027-06-3050–56 kt copper FY27 text
2027-06-3028000000 USD
2027-06-30100 pct
2026-10-13Contractual right to fund PFS and elect an80% earn-in; no current Kalkaroo mine ownership or mineral attribution text
2026-10-13copper text
2026-10-13AU text
2026-10-13100 pct
2026-10-13Closed2022 mine; rehabilitation obligations and plant divestment, no restart value text
2026-10-13copper text
2026-10-13AU text
2026-10-134601000 USD
2026-06-30Small financial investment portfolio; no material separate mine exposure established text
2026-06-30100 pct
2026-10-134700000 tpa
2026-06-305600000 tpa
2026-06-3016219 t
2026-06-3053948 t
2026-06-300.47 USD/lb
2026-06-304545640 t
2026-06-3018005 t
2026-06-3051788 t
2026-06-300.7 USD/lb
2026-06-306075337 t
2026-06-300.9 % Cu
2026-06-3090 pct
2026-06-3053.8 Mt
2026-06-301.7 % Cu
2026-06-30930000 t
2026-06-305.3 Mt
2026-06-302.3 % Cu
2026-06-30120000 t
2026-06-3031.4 Mt
2026-06-301.9 % Cu
2026-06-30590000 t
2026-06-3017.1 Mt
2026-06-301.3 % Cu
2026-06-30220000 t
2026-06-30copper text
2026-10-13US text
2026-10-1314.3 Mt
2026-06-302.6 % Cu
2026-06-30370000 t
2026-06-30PFS text
2026-07-092026-07-09 date
2026-07-09474000000 USD
2026-07-0931000 t/year
2026-07-0912 years
2026-07-094.7 USD/lb
2026-07-09Johnny Lee granted; Lowry separate review and approvals required text
2026-07-09126000000 USD
2026-07-0913.3 pct
2026-07-093.04 USD/lb
2026-07-0921.690001 AUD/share
2026-10-132267992 shares
2026-10-1311604 USD/t
2026-10-022712 USD/t
2026-10-02Conflicts requiring judgment2
- Motheo combined Measured/Indicated/Inferred resource grades
September21 issuer presentation explicitly corrects aggregation formula grades to0.92%,0.96%,0.86%. Total57Mt0.94%540kt and reserves unchanged; use corrected category values.
- Current issued ordinary shares and performance rights
Each form warns generated totals omit simultaneous forms. Reconcile all actual issues and lapses to June gross ordinary466963304; current467954573 and rights1755985. Fully diluted469710558.