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Australian mining company Sandfire says its Motheo mine continues to redefine the potential of the Kalahari Copper Belt.
According to the company’s latest update, Motheo mine has reduced its unit cost guidance, as it benefits from greater economies of scale and a further contraction in treatment and refining charges.
“Following the incredibly successful commissioning and ramp up of Motheo we have shown that we can sustainably operate at a 5.6Mtpa rate, comfortably exceeding the processing facility’s design capacity,” said Sandfire Chief Executive Officer and Managing Director, Brendan Harris.
Harris also cited that the company is impressed with new interpretation of the geological controls of mineralisation at T3 and A4.
“We are increasingly confident that our annual planning cycle will confirm an incremental increase in Copper Equivalent production at Motheo in FY26, when compared with our prior disclosures, as well as a smoother production profile in the medium term.”
Meanwhile the Motheo mine’s processing hubs continue to gather momentum and a step-change in resource extension, near-mine and regional drilling activity is expected in the second half.
“Our strategy is unchanged because it’s the right strategy for our shareholders as we continue to believe that safe, consistent and predictable performance underpins strong financial results and superior shareholder returns.”
