Sandfire's New Bull Excited by Kalkaroo Copper Deposit -- Market Talk

Dow Jones03-25 05:44

2144 GMT - Sandfire Resources gets a new bull as buzz builds around its Kalkaroo and gold project in South Australia. Jefferies upgrades Sandfire to buy, from hold, citing Kalkaroo as a material growth opportunity for Sandfire. It sees potential for a mine producing between 74,000 and 90,000 tons of copper equivalent annually by 2031. Construction costs, including for a plant capable of processing up to 15 million tons of ore, would be between US$1.47 billion and US$1.77 billion. Jefferies raises its price target by 5.6% to A$19.00/share. It currently includes a A$618 million valuation of Kalkaroo. Sandfire ended Tuesday at A$15.21. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 24, 2026 17:44 ET (21:44 GMT)

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