Key Points: The Johnny Lee deposit has a Measured and Indicated Mineral Resource of 10.9 million tonnes at an average copper grade of 2.9% for 311 thousand tonnes of contained copper at a 1.0 % Cu cut-off grade; The Johnny Lee deposit has an Inferred Mineral Resource of 2.7 Mt at an average copper grade of 3.0% for 80 kt of contained Cu at a 1.0 % Cu cut-off grade; Forty-eight diamond drillholes completed by Sandfire [...]
Sandfire Resources America Inc. is pleased to provide the following update related to progress at the Black Butte Copper underground project in Montana. Permitting Progress The Montana Department of Environmental Quality and the Department of Natural Resources & Conservation recently informed the Company of a matter regarding the overlap between their respective areas of oversight. The Company has developed a robust plan [...]
Sandfire Resources America Inc. announce that after five years of service, Mr. Bruce Hooper has resigned as a Director of the Company. The Company thanks Mr. Hooper for his years of service and appreciates his many contributions to the Board during his tenure. Mr. Hooper served as the CEO of the Company from 2014 to 2016 and remained on the Board as a non-executive Director as a nominated representative of Sandfire [...]
Sandfire Resources America Inc. is pleased to announce that the 60-day comment period for the Company’s Black Butte Copper Project Draft Environmental Impact Statement has now closed. The Draft EIS was prepared by an independent third-party environmental expert for the Montana Department of Environmental Quality . The comment period included three public meetings in Great Falls, Livingston and White Sulphur Springs [...]
Key Points: Experienced finance executive John McGonigle joins as Chief Financial Officer. Another key addition to Sandfire America’s team as it prepares to construct the Black Butte Copper Project in Montana. Draft EIS open for public comment from March 11 to May 10th, 2019 with link to documents provided. Autumn/Winter drilling completed on March 6, 2019. Sandfire Resources America Inc. is pleased to advise that [...]
Sandfire Resources America Inc. is pleased to announce that the Montana Department of Environmental Quality has released the Draft Environmental Impact Statement outlining the final permitting steps for its 100%-owned underground Black Butte Copper Project. The Draft EIS will be open for public comment for a 60-day period commencing March 11, 2019 and completing May 10, 2019. A link to the Draft EIS can be found on our [...]
Key Points: 24-hole geotechnical drilling program set for completion by mid-March 2019. Feasibility Study progressing well with work underway on updated Mineral Resource, mine design and maiden Ore Reserve; Feasibility Study targeted for completion by mid-year. Draft EIS expected for public comment during March 2019. Black Butte Copper Hard Rock Mining Impact Plan finalized and approved by Meagher County Commissioners [...]
Sandfire Resources America Inc. is pleased to provide an update on permitting and feasibility activities relating to its underground Black Butte Copper Project. Permitting of the Black Butte Project is continuing following a slight delay to the process which has arisen due to the Project being the first new copper mine in Montana required to meet a new statewide numeric standard for nitrogen during the growing season. By [...]
Sandfire Resources America Inc. is pleased to announce that it has closed its oversubscribed rights offering, issuing 314,551,166 common shares of the Company for gross proceeds of C$18,873,070 , representing 100% of the total rights offered. In total, 251,143,277 common shares issued in the Rights Offering were distributed under basic subscription privileges, of which 245,552,064 were distributed to insiders of the [...]
Sandfire Resources America Inc. advises that the Canadian Union of Postal Workers commenced rotating strikes on Monday, October 22, 2018 and the rotating strikes are ongoing. Registered shareholders who wish to exercise the rights issued pursuant to the Company's rights offering announced on September 19, 2018 must ensure that the completed rights certificate, together with the applicable funds, are received by [...]
Sandfire Resources America Inc. is pleased to provide the following update regarding activities related its underground Black Butte Copper project. Technical Update The Company is planning an Autumn 2018 drilling program designed to collect additional data for resource verification and to collect geotechnical data necessary to the Feasibility Study. The Company has selected Ruen Drilling, Inc. as the contractor for the [...]
Sandfire Resources America Inc. announces that it will conduct a rights offering to raise gross proceeds of up to approximately C$18.9 million . The Company will issue rights to existing shareholders in Canada and to eligible shareholders in the United States and in certain other jurisdictions at the close of business on the record date of September 27, 2018 . The Company is pleased that shareholders in Montana and [...]
