OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor SFR ASX

SANDFIRE RESOURCES LIMITED

Producer · Copper · Zinc · Silver · Spain · Botswana · United States · Australia Rating locked: sign in to view v8 · sfr-20261024t173407-full
Last 2026-11-06
A$19.11
1D
—
1M
—
YTD
—
1Y
—
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

Narrative and provenance

Research & Sources

AI Analyst Report

The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.

Sign in or enter a guest code
Chronological 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
Open original source ↗
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 Prior-period releases provide trend context and are superseded for current inputs.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
Open original source ↗
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
Open original source ↗
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 Prior-period releases provide trend context and are superseded for current inputs.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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
Evidence facts123
fact-sfr-motheo-resource_tonnes-27motheo resource_tonnes

57 Mt

2026-06-30
fact-sfr-motheo-resource_grade-28motheo resource_grade

0.94 % Cu

2026-06-30
fact-sfr-motheo-resource_contained-29motheo resource_contained

540000 t

2026-06-30
fact-sfr-motheo-resource_tonnes-30motheo resource_tonnes

3 Mt

2026-06-30
fact-sfr-motheo-resource_grade-31motheo resource_grade

0.92 % Cu

2026-06-30
fact-sfr-motheo-resource_contained-32motheo resource_contained

27000 t

2026-06-30
fact-sfr-motheo-resource_tonnes-33motheo resource_tonnes

47 Mt

2026-06-30
fact-sfr-motheo-resource_grade-34motheo resource_grade

0.96 % Cu

2026-06-30
fact-sfr-motheo-resource_contained-35motheo resource_contained

450000 t

2026-06-30
fact-sfr-motheo-resource_tonnes-36motheo resource_tonnes

7.2 Mt

2026-06-30
fact-sfr-motheo-resource_grade-37motheo resource_grade

0.86 % Cu

2026-06-30
fact-sfr-motheo-resource_contained-38motheo resource_contained

62000 t

2026-06-30
fact-sfr-motheo-reserve_tonnes-60motheo reserve_tonnes

43 Mt

2026-06-30
fact-sfr-motheo-reserve_grade-61motheo reserve_grade

0.89 % Cu

2026-06-30
fact-sfr-motheo-reserve_contained-62motheo reserve_contained

390000 t

2026-06-30
fact-sfr-motheo-resource_contained-78motheo resource_contained

25 Moz

2026-06-30
fact-sfr-motheo-resource_grade-79motheo resource_grade

14 g/t Ag

2026-06-30
fact-sfr-motheo-reserve_contained-80motheo reserve_contained

18 Moz

2026-06-30
fact-sfr-motheo-reserve_grade-81motheo reserve_grade

13 g/t Ag

2026-06-30
fact-sfr-stock-shares_basic-10Company shares_basic

467954573 shares

2026-09-02
fact-sfr-stock-shares_fully_diluted-11Company shares_fully_diluted

469710558 shares

2026-09-02
fact-sfr-stock-cash-0Company cash

352629000 USD

2026-06-30
fact-sfr-stock-debt-1Company debt

0 USD

2026-06-30
fact-sfr-stock-lease_liabilities-2Company lease_liabilities

36432000 USD

2026-06-30
fact-sfr-stock-book_equity-3Company book_equity

2218242000 USD

2026-06-30
fact-sfr-stock-revenue-4Company revenue

1653666000 USD

2026-06-30
fact-sfr-stock-ebitda-5Company ebitda

867019000 USD

2026-06-30
fact-sfr-stock-npat-6Company npat

355807000 USD

2026-06-30
fact-sfr-stock-operating_cash_flow-7Company operating_cash_flow

746804000 USD

2026-06-30
fact-sfr-stock-capex-8Company capex

239908000 USD

2026-06-30
fact-sfr-stock-undrawn_facilities-9Company undrawn_facilities

650000000 USD

2026-06-30
fact-sfr-matsa-resource_tonnes-12matsa resource_tonnes

190 Mt

2025-12-31
fact-sfr-matsa-resource_grade-13matsa resource_grade

1.2 % Cu

2025-12-31
fact-sfr-matsa-resource_contained-14matsa resource_contained

2300000 t

2025-12-31
fact-sfr-matsa-resource_tonnes-15matsa resource_tonnes

110 Mt

2025-12-31
fact-sfr-matsa-resource_grade-16matsa resource_grade

1.2 % Cu

2025-12-31
fact-sfr-matsa-resource_contained-17matsa resource_contained

1300000 t

2025-12-31
fact-sfr-matsa-resource_tonnes-18matsa resource_tonnes

49 Mt

2025-12-31
fact-sfr-matsa-resource_grade-19matsa resource_grade

1.1 % Cu

2025-12-31
fact-sfr-matsa-resource_contained-20matsa resource_contained

530000 t

2025-12-31
fact-sfr-matsa-resource_tonnes-21matsa resource_tonnes

39 Mt

2025-12-31
fact-sfr-matsa-resource_grade-22matsa resource_grade

1.1 % Cu

2025-12-31
fact-sfr-matsa-resource_contained-23matsa resource_contained

430000 t

2025-12-31
fact-sfr-matsa-commodity-24matsa commodity

copper text

2026-10-13
fact-sfr-matsa-country-25matsa country

ES text

2026-10-13
fact-sfr-matsa-ownership_pct-26matsa ownership_pct

100 pct

2026-10-13
fact-sfr-motheo-commodity-39motheo commodity

copper text

2026-10-13
fact-sfr-motheo-country-40motheo country

BW text

2026-10-13
fact-sfr-motheo-ownership_pct-41motheo ownership_pct

100 pct

2026-10-13
fact-sfr-black-butte-ownership_pct-56black-butte ownership_pct

86.89 pct

2026-10-13
fact-sfr-matsa-reserve_tonnes-57matsa reserve_tonnes

36 Mt

2025-12-31
fact-sfr-matsa-reserve_grade-58matsa reserve_grade

1.4 % Cu

2025-12-31
fact-sfr-matsa-reserve_contained-59matsa reserve_contained

500000 t

2025-12-31
fact-sfr-matsa-resource_contained-66matsa resource_contained

5300 kt

2025-12-31
fact-sfr-matsa-resource_grade-67matsa resource_grade

2.7 % Zn

2025-12-31
fact-sfr-matsa-resource_contained-68matsa resource_contained

2000 kt

2025-12-31
fact-sfr-matsa-resource_grade-69matsa resource_grade

1.0 % Pb

2025-12-31
fact-sfr-matsa-resource_contained-70matsa resource_contained

230 Moz

2025-12-31
fact-sfr-matsa-resource_grade-71matsa resource_grade

37 g/t Ag

2025-12-31
fact-sfr-matsa-reserve_contained-72matsa reserve_contained

890 kt

2025-12-31
fact-sfr-matsa-reserve_grade-73matsa reserve_grade

2.5 % Zn

2025-12-31
fact-sfr-matsa-reserve_contained-74matsa reserve_contained

270 kt

2025-12-31
fact-sfr-matsa-reserve_grade-75matsa reserve_grade

0.77 % Pb

2025-12-31
fact-sfr-matsa-reserve_contained-76matsa reserve_contained

39 Moz

2025-12-31
fact-sfr-matsa-reserve_grade-77matsa reserve_grade

34 g/t Ag

2025-12-31
fact-sfr-matsa-guidance-86matsa guidance

49–55 kt copper FY27 text

2027-06-30
fact-sfr-matsa-sustaining_capex-87matsa sustaining_capex

65000000 USD

2027-06-30
fact-sfr-motheo-guidance-94motheo guidance

50–56 kt copper FY27 text

2027-06-30
fact-sfr-motheo-sustaining_capex-95motheo sustaining_capex

28000000 USD

2027-06-30
fact-sfr-kalkaroo-right-ownership_pct-103kalkaroo-right ownership_pct

100 pct

2026-10-13
fact-sfr-kalkaroo-right-description-104kalkaroo-right description

Contractual right to fund PFS and elect an80% earn-in; no current Kalkaroo mine ownership or mineral attribution text

2026-10-13
fact-sfr-kalkaroo-right-commodity-105kalkaroo-right commodity

copper text

2026-10-13
fact-sfr-kalkaroo-right-country-106kalkaroo-right country

AU text

2026-10-13
fact-sfr-degrussa-ownership_pct-107degrussa ownership_pct

100 pct

2026-10-13
fact-sfr-degrussa-description-108degrussa description

Closed2022 mine; rehabilitation obligations and plant divestment, no restart value text

2026-10-13
fact-sfr-degrussa-commodity-109degrussa commodity

copper text

2026-10-13
fact-sfr-degrussa-country-110degrussa country

AU text

2026-10-13
fact-sfr-financial-investments-book_value-111financial-investments book_value

4601000 USD

2026-06-30
fact-sfr-financial-investments-description-112financial-investments description

Small financial investment portfolio; no material separate mine exposure established text

2026-06-30
fact-sfr-financial-investments-ownership_pct-113financial-investments ownership_pct

100 pct

2026-10-13
fact-sfr-matsa-nameplate_capacity-114matsa nameplate_capacity

4700000 tpa

2026-06-30
fact-sfr-motheo-nameplate_capacity-115motheo nameplate_capacity

5600000 tpa

2026-06-30
fact-sfr-matsa-production_quarter-82matsa production_quarter

16219 t

2026-06-30
fact-sfr-matsa-production_fy-83matsa production_fy

53948 t

2026-06-30
fact-sfr-matsa-c1_cost-84matsa c1_cost

0.47 USD/lb

2026-06-30
fact-sfr-matsa-throughput-85matsa throughput

4545640 t

2026-06-30
fact-sfr-motheo-production_quarter-88motheo production_quarter

18005 t

2026-06-30
fact-sfr-motheo-production_fy-89motheo production_fy

51788 t

2026-06-30
fact-sfr-motheo-c1_cost-90motheo c1_cost

0.7 USD/lb

2026-06-30
fact-sfr-motheo-throughput-91motheo throughput

6075337 t

2026-06-30
fact-sfr-motheo-head_grade-92motheo head_grade

0.9 % Cu

2026-06-30
fact-sfr-motheo-recovery_pct-93motheo recovery_pct

90 pct

2026-06-30
fact-sfr-black-butte-resource_tonnes-42black-butte resource_tonnes

53.8 Mt

2026-06-30
fact-sfr-black-butte-resource_grade-43black-butte resource_grade

1.7 % Cu

2026-06-30
fact-sfr-black-butte-resource_contained-44black-butte resource_contained

930000 t

2026-06-30
fact-sfr-black-butte-resource_tonnes-45black-butte resource_tonnes

5.3 Mt

2026-06-30
fact-sfr-black-butte-resource_grade-46black-butte resource_grade

2.3 % Cu

2026-06-30
fact-sfr-black-butte-resource_contained-47black-butte resource_contained

120000 t

2026-06-30
fact-sfr-black-butte-resource_tonnes-48black-butte resource_tonnes

31.4 Mt

2026-06-30
fact-sfr-black-butte-resource_grade-49black-butte resource_grade

1.9 % Cu

2026-06-30
fact-sfr-black-butte-resource_contained-50black-butte resource_contained

590000 t

2026-06-30
fact-sfr-black-butte-resource_tonnes-51black-butte resource_tonnes

17.1 Mt

2026-06-30
fact-sfr-black-butte-resource_grade-52black-butte resource_grade

1.3 % Cu

2026-06-30
fact-sfr-black-butte-resource_contained-53black-butte resource_contained

220000 t

2026-06-30
fact-sfr-black-butte-commodity-54black-butte commodity

copper text

2026-10-13
fact-sfr-black-butte-country-55black-butte country

US text

2026-10-13
fact-sfr-black-butte-reserve_tonnes-63black-butte reserve_tonnes

14.3 Mt

2026-06-30
fact-sfr-black-butte-reserve_grade-64black-butte reserve_grade

2.6 % Cu

2026-06-30
fact-sfr-black-butte-reserve_contained-65black-butte reserve_contained

370000 t

2026-06-30
fact-sfr-black-butte-study_type-96black-butte study_type

PFS text

2026-07-09
fact-sfr-black-butte-study_date-97black-butte study_date

2026-07-09 date

2026-07-09
fact-sfr-black-butte-initial_capex-98black-butte initial_capex

474000000 USD

2026-07-09
fact-sfr-black-butte-annual_production_lom-99black-butte annual_production_lom

31000 t/year

2026-07-09
fact-sfr-black-butte-mine_life-100black-butte mine_life

12 years

2026-07-09
fact-sfr-black-butte-study_price_assumption-101black-butte study_price_assumption

4.7 USD/lb

2026-07-09
fact-sfr-black-butte-permitting_status-102black-butte permitting_status

Johnny Lee granted; Lowry separate review and approvals required text

2026-07-09
fact-sfr-bb-remote-npvBlack Butte study npv

126000000 USD

2026-07-09
fact-sfr-bb-remote-irrBlack Butte study irr

13.3 pct

2026-07-09
fact-sfr-bb-remote-aiscBlack Butte study aisc

3.04 USD/lb

2026-07-09
fact-sfr-market-reference-closereference-close

21.690001 AUD/share

2026-10-13
fact-sfr-market-volumevolume

2267992 shares

2026-10-13
fact-sfr-req-copper-real2031Copper real2031 projection

11604 USD/t

2026-10-02
fact-sfr-req-zinc-real2031Zinc real2031 projection

2712 USD/t

2026-10-02
Conflicts 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.