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Sandfire Resources NL (SFR.AX)

SFR.AX on Australia Stock Exchange

6.94AUD
19 Jul 2019
Change (% chg)

$0.23 (+3.43%)
Prev Close
$6.71
Open
$6.81
Day's High
$6.96
Day's Low
$6.74
Volume
969,786
Avg. Vol
922,890
52-wk High
$9.07
52-wk Low
$5.97

Latest Key Developments (Source: Significant Developments)

Sandfire Resources NL Says To Acquire MOD Resources By Way Of Scheme Of Arrangement
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Sandfire Resources Nl ::TO ACQUIRE 100% OF MOD RESOURCES LIMITED BY WAY OF A MOD SCHEME OF ARRANGEMENT.IMPLIED SCHEME CONSIDERATION OF A$0.45 PER MOD SHARE VALUING EQUITY OF MOD AT A$167 MILLION.UNANIMOUSLY RECOMMENDED BY MOD BOARD, WHO HAVE CONFIRMED THEIR PRESENT INTENTION TO VOTE IN FAVOUR OF SCHEME.DEAL IS VALUE-ACCRETIVE TRANSACTION FOR SANDFIRE BASED ON T3 FEASIBILITY STUDY WITH UPSIDE FROM REGIONAL EXPLORATION POTENTIAL.  Full Article

Sandfire Resources America Says John McGonigle Appointed CFO
Monday, 1 Apr 2019 

April 1 (Reuters) - Sandfire Resources America::SAYS JOHN MCGONIGLE APPOINTED CFO.  Full Article

White Rock Minerals Signs JV Agreement With Sandfire Resources
Monday, 25 Mar 2019 

March 25 (Reuters) - White Rock Minerals Ltd ::JOINT VENTURE AGREEMENT SIGNED WITH SANDFIRE RESOURCES.WHITE ROCK SIGNS A$30M EARN-IN AND JOINT VENTURE OPTION AGREEMENT WITH SANDFIRE.EARN-IN AND JV OPTION AGREEMENT TO PERMIT SANDFIRE TO FARM-IN TO ITS INTERESTS IN RED MOUNTAIN PROJECT.  Full Article

MOD Resources Says Received Unsolicited, Non-Binding, Indicative & Conditional Proposal By Sandfire Resources NL
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Mod Resources Ltd ::ANNOUNCES RECEIPT OF AN UNSOLICITED, NON-BINDING, INDICATIVE AND CONDITIONAL PROPOSAL BY ASX LISTED SANDFIRE RESOURCES NL.FUNDING FROM CAPITAL RAISE WILL ENABLE COMPANY TO PROGRESS T3 COPPER PROJECT TOWARDS A DEVELOPMENT DECISION.RAISED $10 MILLION THROUGH AN OVERSUBSCRIBED INSTITUTIONAL PLACEMENT AT $0.30/SH.BOARD BELIEVES SANDFIRE RESOURCES'S PROPOSAL UNDERVALUES MOD'S ASSETS.$5 MILLION TO BE RAISED THROUGH A FULLY UNDERWRITTEN RIGHTS ISSUE AT $0.24/SHARE.CO'S BOARD OF DIRECTORS AND METAL TIGER PLC HAVE COMMITTED TO TAKE UP THEIR ENTITLEMENTS IN RIGHTS ISSUE.FUNDS RAISED FROM PLACEMENT AND RIGHTS ISSUE ARE INTENDED TO BE USED TO COMPLETE A 2019 CAPITAL WORKS PROGRAM.FUNDS WILL ALSO ENABLE CO TO PROGRESS NEGOTIATIONS WITH A NUMBER OF PARTIES IN RESPECT OF FUNDING DEVELOPMENT OF T3 COPPER PROJECT.MOD CONTINUES TO EXPLORE ALL OPTIONS INCLUDING FURTHER ENGAGEMENT WITH SANDFIRE.  Full Article

Sandfire Resources Updates On Potential Takeover Offer By Co For MOD Resources
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Sandfire Resources Nl ::SANDFIRE'S INTEREST IN EXPLORING A POTENTIAL COMBINATION OF TWO COMPANIES WAS ON BASIS OF $0.38 PER MOD SHARE.UPDATES ON POTENTIAL TAKEOVER OFFER BY SANDFIRE FOR MOD.  Full Article

Sandfire Resources Confirms It Has Written To MOD Resources To Express Interest In Potential Combination
Monday, 21 Jan 2019 

Jan 21 (Reuters) - MOD Resources Ltd ::CONFIRMS THAT IT HAS WRITTEN TO MOD RESOURCES TO EXPRESS ITS INTEREST IN EXPLORING A POTENTIAL COMBINATION OF TWO COMPANIES.  Full Article

White Rock Minerals To Enter JV Agreement With White Rock
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - Sandfire Resources NL ::EXERCISED OPTION UNDER ISSUED SECURITIES SUBSCRIPTION AGREEMENT ANNOUNCED ON JULY 10 TO ENTER JV AGREEMENT WITH WHITE ROCK.JV AGREEMENT REGARDING WHITE ROCK'S HIGH-GRADE ZINC AND PRECIOUS METALS VMS RED MOUNTAIN PROJECT IN CENTRAL ALASKA.  Full Article

Sandfire Resources NL Posts QTRLY Gold Production 11,141 Oz
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Sandfire Resources NL ::QTRLY GOLD PRODUCTION 11,141 OZ.FY2019 GOLD PRODUCTION GUIDANCE 37,000 OZ- 40,000 OZ.  Full Article

Sandfire Resources ‍FY2018 production guidance maintained
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Sandfire Resources Nl :‍FY2018 production guidance maintained at 63-66kt cu and 35-38koz gold at c1 us$1.00-1.05/lb​.‍copper production for Sept quarter was 15,258 tonnes versus 17,092 tonnes in June quarter​.‍targeted copper production for FY2018 remains unchanged​.Sees FY18 ‍headline c1 cash operating costs are expected to be within range of US$1.00-1.05/lb​.  Full Article

Sandfire Resources says black butte copper project EIS process commences
Wednesday, 20 Sep 2017 

Sept 20 (Reuters) - Sandfire Resources NL :Draft operating permit received for black butte copper project as eis process commences.  Full Article

Australian copper miner Sandfire wins over MOD board with sweetened offer

Australian copper miner Sandfire Resources NL sweetened its takeover offer for smaller rival MOD Resources Ltd on Tuesday, valuing it at A$167 million ($116.25 million) and enough to satisfy MOD's board.