Sandfire builds war chest for next big find

Original article by Vesna Poljak
The Australian Financial Review – Page: 27 : 4-May-18

Sandfire Resources CEO Karl Simich is hopeful of more discoveries in the DeGrussa and Monty region, and he plans to boost exploration activity on the back of improved cash flow. Sandfire owns the DuGrassa copper and gold mine, which is currently slated to operate until 2022. Sandfire recently spent $A2 million to acquire a 7.7 per cent in Adriatic Metals, and Simich said he is looking forward to more exploration results from Adriatic’s zinc project, which is in Bosnia and Herzegovina.

CORPORATES
SANDFIRE RESOURCES NL – ASX SFR, ADRIATIC METALS PLC – ASX ADT, SIRIUS MINERALS PLC, INDEPENDENCE GROUP NL – ASX IGO

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