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Sandfire Resources Limited ( (AU:SFR) ) has issued an update.
Sandfire Resources Limited and Havilah Resources Limited have signed a binding term sheet to advance the Kalkaroo Copper-Gold Project in South Australia. The agreement allows Sandfire to earn an 80% interest in the project through a two-stage earn-in structure, involving a total consideration of A$210M and a commitment to regional exploration. This collaboration aims to unlock one of Australia’s largest undeveloped copper-gold deposits and enhance regional exploration potential, potentially transforming the Curnamona Province into a major copper hub.
The most recent analyst rating on (AU:SFR) stock is a Sell with a A$11.80 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
More about Sandfire Resources Limited
Sandfire Resources Limited is a leading Australian copper producer, primarily focused on the exploration, development, and operation of copper and gold projects. The company is known for its expertise in mine design and project development, with a significant presence in the copper industry.
Average Trading Volume: 1,800,142
Technical Sentiment Signal: Buy
Current Market Cap: A$7.4B
For detailed information about SFR stock, go to TipRanks’ Stock Analysis page.