Sandfire Seals Kalkaroo Copper-Gold Deal with Havilah and Commits A$30m to SA Exploration

An announcement from Sandfire Resources Limited ( (AU:SFR) ) is now available.

Sandfire Resources and Havilah Resources have executed definitive agreements to advance the Kalkaroo Copper-Gold Project in South Australia and form a regional exploration strategic alliance in the Curnamona Province, following Havilah shareholder approval. The deal grants Sandfire an exclusive right to earn an 80% interest in Kalkaroo for effective upfront consideration of about A$117.6 million in cash and shares, with a further Stage 2 payment of A$105 million contingent on completion of a new pre-feasibility study and substantial drilling or within 24 months, alongside a A$30 million commitment to regional exploration. The transaction positions Kalkaroo as a potential large-scale, long-life and low-cost copper-gold development backed by Sandfire’s capital and technical expertise, while Havilah retains a 20% carried interest and gains funding to accelerate exploration aimed at establishing the Curnamona Province as a major new Australian copper district, offering potential long-term benefits for both companies and local stakeholders.

The most recent analyst rating on (AU:SFR) stock is a Sell with a A$16.20 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 an Australia-listed metals producer and developer focused on copper and gold projects, while Havilah Resources Limited is an Australian explorer and developer with a portfolio of copper and gold assets in South Australia, particularly in the highly prospective Curnamona Province.

Average Trading Volume: 1,864,107

Technical Sentiment Signal: Buy

Current Market Cap: A$9.28B

For detailed information about SFR stock, go to TipRanks’ Stock Analysis page.