Sandfire was established by experienced, successful geologists for the purpose of generating and testing new exploration targets.
The projects initially selected to form the basis of the first two years exploration activity are located in WA (5 projects) and the NT (1 project). Of these projects, all but the Sandfire project are located within the rocks of Proterozoic age.
The Company is continuing to evaluate new opportunities that fit with the current strategy of identifying and evaluating greenfields exploration concepts. Since listing, the Company has increased its exposure to the base metal potential of the Bangemall Basin with the addition of the Mt Genoa project at Mt Augustus and the Tangadee project.