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Sandfire Resources Limited (ASX:SFR)

ALERT: Price-sensitive ASX Announcement for SFR
Current share price for SFR : $17.860 1.41 (8.57%)+
Announcement
Release
13 Nov 2025 8:28AM
Price at Release
$16.450
Full Release
download
Summary
Sandfire Resources Limited and Havilah Resources Limited have signed a binding agreement to advance the Kalkaroo Copper-Gold Project in South Australia. The agreement allows Sandfire to earn an 80% interest in the project through a two-stage earn-in structure with a total commitment of A$210M. The collaboration includes a new pre-feasibility study and a significant exploration program. Havilah will retain a 20% interest, with Sandfire committing A$30M towards regional exploration over two years. This strategic partnership is set to unlock one of the largest undeveloped copper-gold deposits in Australia.
Key Points
  • Sandfire Resources Limited (SFR) and Havilah Resources Limited (HAV) have executed a binding term sheet to advance the Kalkaroo Copper-Gold Project.
  • Sandfire may earn an 80% interest in Kalkaroo through a two-stage earn-in structure with a total consideration of A$210M.
  • Sandfire will commit A$30M to regional exploration over a 24-month period.
  • A new pre-feasibility study (PFS) will be conducted, including a 20,000m drilling program.
  • Havilah retains a 20% free carried interest in the project.
  • The project is located in the Curnamona Province in northeastern South Australia.
  • This agreement aims to unlock one of Australia's largest undeveloped open pit copper-gold deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.