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Sandfire Resources Limited ( (AU:SFR) ) just unveiled an update.
Sandfire Resources Limited has announced an updated pre-feasibility study for the Black Butte Copper Project, highlighting the Johnny Lee deposit’s potential for a low-risk underground operation and a processing plant with significant copper output. The updated Mineral Resource and Ore Reserve estimates for Johnny Lee and Lowry deposits indicate increased copper tonnage, positioning the project as a near shovel-ready copper development in the US. This milestone enhances Sandfire’s strategic positioning in the global copper market, benefiting from favorable market conditions and investment environments for critical minerals in the United States.
The most recent analyst rating on (AU:SFR) stock is a Sell with a A$16.95 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 company operating in the mining industry, primarily focusing on the development and production of copper. The company holds an 87% equity stake in Sandfire Resources America Inc., which owns the Black Butte Copper Project in Montana, USA. This project includes the Johnny Lee and Lowry deposits, with a significant focus on high-grade copper development.
Average Trading Volume: 1,732,309
Technical Sentiment Signal: Buy
Current Market Cap: A$7.9B
For detailed information about SFR stock, go to TipRanks’ Stock Analysis page.