Sandfire Resources Ltd · ASX:SFR
Sandfire Resources — Shareholder Meeting (October 2026)
32 slides from Sandfire Resources's shareholder meeting presentation, Oct 30, 2026
Slide 1: 2026 Annual General Meeting Addresses
ASX:SFR 30 OCOTBER 2026 For personal use only 2026 ANNUAL GENERAL MEETING ADDRESSES Sandfire Resources Limited’s 2026 Annual General Meeting will be held in Perth, Australia today. In accordance with ASX Listing Rule 3.13.3, the addresses by Chief Executive Officer and Managing Director Brendan Harr
Slide 2: Chair, John Richards
ASX:SFR Chair, John Richards For personal use only The 2026 financial year was an important one for Sandfire as we began to see the benefits of the substantial work undertaken over the past four years to maximise the potential of our assets and strengthen our organisational capability. We delivered
Slide 3: Chair's address continued
ASX:SFR The Board spent considerable time throughout the year considering Sandfire’s longer-term strategy, portfolio, capital allocation priorities and approach to growth. For personal use only Our strategy sessions reinforced alignment between the Board and the management team on our strategic prio
Slide 4: Chair's address continued
ASX:SFR report required under the Australian Sustainability Reporting Standard AASB S2 Climate-related Disclosures. For personal use only We commenced the construction of dedicated solar facilities at MATSA and Motheo and continued to source over 70 per cent of our annual global electricity needs fr
Slide 5: Chief Executive Officer and Managing Director, Brendan Harris
ASX:SFR Chief Executive Officer and Managing Director, Brendan Harris For personal use only Good morning and thank you for joining us for our Annual General Meeting. It is my privilege to be here with you again as Sandfire’s CEO and Managing Director. Before I begin, I’d like to acknowledge the Trad
Slide 6: CEO's address continued
ASX:SFR through FY27, because nothing is more important than the health, safety and wellbeing of our people. For personal use only I was appointed CEO of Sandfire in November 2022 and we have spent much of the past four years focused on the basics to ensure we successfully delivered the promised tra
Slide 7: CEO's address continued
ASX:SFR and investment decision-making. And, following on from our discussion in this forum last year, I’m pleased to say that construction of our dedicated solar facilities at both MATSA and Motheo For personal use only has commenced, with both arrays expected to be operational in the second half o
Slide 8: CEO's address continued
ASX:SFR In FY27, we expect Motheo to deliver between 61 and 67kt of Copper Equivalent production, with costs to stay well controlled as we increase deferred stripping activity to progress the Stage For personal use only 4 cutback of the T3 open pit. With cumulative annual Copper Equivalent productio
Slide 9: CEO's address continued
ASX:SFR prospectivity of our tenure in both the Iberian Pyrite and Kalahari Copper Belts, and the value of our strategically positioned, modern processing hubs. For personal use only So, as I’ve mentioned, we have a talented and diverse team, we’ve entered FY27 from a position of strength, with two
Slide 10: 2026 Annual General Meeting
rsonal use only 30 October 2026 2026 Annual General Meeting We mine copper sustainably to energise the future
Slide 11: Important information and disclaimer
Important information and disclaimer This presentation has been prepared by Sandfire Resources Limited (ABN 55 105 154 185) (Sandfire or the Company) and contains Forward-looking statements information about Sandfire current at the date of this presentation. The presentation is in summary form, has
Slide 12: Acknowledgement of Country
rsonal use only Acknowledgement of Country Sandfire acknowledges the Traditional Custodians of the land on which we are headquartered, the Whadjuk people of the Noongar Nation, as well as the First Nations Peoples of the lands on which Sandfire conducts its business. We pay our respects to their Eld
Slide 13: Board of Directors
Board of Directors rsonal use only John Richards Chair Brendan Harris Robert Edwards Paul Harvey Sally Langer Sally Martin Jennifer Morris OAM Chief Executive Officer Independent Independent Independent Independent Independent and Managing Director Non-Executive Director Non-Executive Director Non-E
Slide 14: Company Secretary and Chief Legal and Compliance Officer
rsonal use only Gemma Tually Company Secretary and Chief Legal and Compliance Officer Photo: Motheo operations 5
Slide 15: Chair's address
rsonal use only John Richards Chair’s address Photo: MATSA operations 6
Slide 16: Year in review
Year in review rsonal use only Sustainability Operations Financials 1.6 154.2kt $867M Group TRIF Group CuEq production1 Underlying EBITDA2 40:40:20 94.5kt $353M Gender diversity – MATSA CuEq production1 Net cash3 Board and Executive 72% 59.7kt AUD 35 cps Electricity sourced from Motheo CuEq producti
Slide 17: CEO's address
rsonal use only Brendan Harris CEO’s address Photo: Motheo operations 8
Slide 18: Executive Leadership Team
Executive Leadership Team rsonal use only Brendan Harris Chief Executive Officer and Managing Director Cath Bozanich Scott Browne Jason Grace Megan Jansen Gemma Tually Chief Sustainability Officer Chief People Officer Chief Operating Officer Chief Financial Officer Company Secretary and Chief Legal
Slide 19: Safety
Safety rsonal use only We remain devastated by the loss of Iván Manuel Vázquez Garrido who was fatally injured at MATSA on 25 February 2026. We will never forget Iván and the impact of his passing on his family, friends, colleagues and the broader workforce. Nothing is more important than the safety
Slide 20: Health and safety above all else
Health and safety above all else rsonal use only Recordable injuries 1.6 Group TRIF 20 2 18 1.7 1.8 1.6 1.6 16 1.6 Number of injuries 14 1.4 Frequency 25% 12 1.2 10 1 8 0.8 Reduction in lost time 6 0.6 injury frequency 4 0.4 2 0.2 0 0 FY24 FY25 FY26 16 Recordable injuries Total recordable injuries T
Slide 21: The Sandfire Way and strategic pillars
| ©6=. The Sandfire Way | Honesty Respect xe Collaboration Accountability af Performance Our strategic pillars Deliver safe, consistent and predictable performance Reduce our carbon intensity We mine copper sustainably to energise the future Increase Demonstrate our reserves capital discipline We de
Slide 22: A globally significant copper portfolio
A globally significant copper portfolio rsonal use only 0.5% 0.5% 15% MATSA Results FY26 Ore processed 4.5Mt Copper Silver CuEq production1 94.5kt FY26 Group 14% Zinc Lead Implied C1 Unit Costs4 $0.88/lb commodity Operating margin 55% revenue mix 70% Black Butte(a) Copper Motheo Results FY26 Continu
Slide 23: An unwavering commitment to sustainability
An unwavering commitment to sustainability Community rsonal use only Diversity Climate 40:40:20 0.5% Operations 72% Gender diversity EBITDA electricity sourced from Board and Executive annually to strategic renewables community investment 33.3% $4.7M 21MW women in senior leadership to strategic comm
Slide 24: Record operating and financial performance
Record operating and financial performance rsonal use only 154.2kt $1.7B 52% Group CuEq production1 Group sales revenue Underlying EBITDA margin2 $867M $350M $354M Underlying EBITDA2 Underlying Earnings2 Profit after tax $887M $353M AUD 35 cps Operating cash flow5 Net cash3 Fully franked final divid
Slide 25: A disciplined approach to capital management
A disciplined approach to capital management Capital allocation and balance sheet transformation (FY23 → FY26) $M rsonal use only 1,000 800 600 400 200 0 (200) (400) (600) FY23 FY24 FY25 FY26 Operating cash flow (pre-exploration) Capex Exploration Share issuance (net of costs) / buybacks Other Net c
Slide 26: MATSA | A modern mining complex
MATSA | A modern mining complex rsonal use only MATSA CuEq production(a) Operational resilience and consistency kt 100 • Ore processed - 4.5Mt 90 80 • CuEq production - 94.5kt 70 • Underlying Operating Unit Costs6 - $89/t 60 50 • Underlying Operations EBITDA7 - $499M 40 30 • Underlying Operations EB
Slide 27: Motheo | A modern, high margin business
Motheo | A modern, high margin business rsonal use only Motheo CuEq production(a) Record mill throughput and CuEq production kt 70 • Ore processed - 6.1Mt 60 • CuEq production - 59.7kt 50 • Underlying Operating Unit Costs6 - $46/t 40 • Underlying Operations EBITDA7 - $461M 30 • Underlying Operations
Slide 28: Kalkaroo | Copper-Gold Project
Kalkaroo | Copper-Gold Project Kalkaroo project and infrastructure location map Existing 100Mt Ore Reserve at 0.47% copper and 0.44g/t gold (a) rsonal use only • Exclusive right to acquire 80% of the project • Located in proximity to critical infrastructure, including ‒ Barrier Highway ‒ High voltag
Slide 29: Exploration
Exploration rsonal use only La Juliana A1 extension A4 Underground High-grade massive sulphide 7 of 7 holes intersected Accelerating drilling to discovery near Aguas Teñidas(a) mineralisation(a) support concept study(a) New region 333km $130M Exploration commenced in Exploration drilling planned Exp
Slide 30: FY27 key priorities
FY27 key priorities Deliver safe, consistent and Reduce our rsonal use only predictable performance carbon intensity • Safely deliver CuEq production of • Commission MATSA and Motheo 150kt to 166kt solar facilities in H2 FY27 • Achieve Underlying Operating Unit • Develop Climate Transition Plan Cost
Slide 31: Appendix I
Appendix I SFR Exploration Results, Mineral Resources and Ore Reserves estimates FY26 in USD as at 30 June 2025 (all in USD): Cu $9,871/t, Zn $2,795/t, Pb $2,067/t, Ag $36.9/oz. The information in this presentation relating to SFR’s Exploration Results, Mineral Resources or Ore Reserves was CuEq gui
Slide 32: rsonal use only
rsonal use only +61 8 6430 3800 www.sandfire.com.au Sandfire Corporate Office: 10 Kings Park Road West Perth WA 6005 Australia PO Box 1495 West Perth WA 6872 Australia
Sandfire Resources — Shareholder Meeting (October 2026) on 6ix