Sandfire Resources America Announces appointment of Vice President of Project Development and provides Black Butte Copper Project Update
17 E Main Street
PO Box 431
White Sulphur Springs, MT 59645
Tel: (406) 547-3466
Fax: (406) 547-3719
Web: www.sandfireamerica.com
Email: [email protected]
Sandfire Resources America Announces appointment of Vice President of Project
Development and provides Black Butte Copper Project Update
White Sulphur Springs, Montana – June 6, 2018 – Sandfire Resources America Inc.
(“Sandfire America” or the “Company”) is pleased to announce the appointment of
Robert Scargill as Vice President – Project Development and as a Director of Sandfire
America.
Mr. Scargill is an internationally experienced mining engineer responsible for the
development and operation of a number of underground mines. Most recently, Mr. Scargill
was the Chief Executive Officer of LeadFX Inc., a Canadian based company with projects
in Western Australia and Utah. Mr. Scargill holds a Bachelor of Engineering (Honors)
Degree from the Univ ersity of Nottingham, United Kingdom, and a Graduate Diploma of
Management from the University of Central Queensland, Australia. Rob will be
responsible for the development of a Bankable Feasibility Study for the Black Butte
Copper Project and full develop ment of the portal and decline once all regulatory
approvals are in place.
The Company is also pleased to provide an update on permitting of the Black Butte Copper
Project in Central Montana. The Company was recently issued a draft Air Quality permit
and has received notification that its MPDES (Montana Pollutant Discharge Elimination
System) permit has been deemed Complete & Compliant by the Montana Department of
Environmental Quality. The draft Air Quality permit is subject to a 30 day comment period
ending July 5th and a draft MPDES permit is expected to be included in the draft EIS which
will be released in the coming months.
The Black Butte Project’s Mine Operating Permit Application (“MOP”) was deemed
Complete and Compliant on August 14, 2017 and th e Company received a Draft Mine
Operating Permit on September 19, 2017. The proposed underground mine is designed to
provide economic opportunity to Central Montana while fully protecting the surrounding
environment along Sheep Creek. A summary of the MOP can be found on our website
www.sandfireamerica.com in the transparency library along with a 3D animation of the
planned project showing what the site will look like before development, during mining
operations, and being returned to agricultural use after reclamation.
John Shanahan, CEO stated, “We welcome Rob as a valued member of the management
team and as a director to our board. We continue to move this extraordinary project
forward and remain fully committed to operating in a safe and environmentally sound way
that will protect our pristine environment while providing new economic opportunities for
Meagher County and the state of Montana.”
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Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document
constitute “forward looking information” within the meaning of Canadian securities legislation,
including statements regarding the Company’s proposed name change and plans for advancing the
Black Butte Copper Project, and expected outcomes. In making these forward-looking statements,
the Company has applied certain factors and assumptions that the Company believes are reasonable,
including that the Company will receive required regulatory approvals for the proposed name
change, that the Company will continue to be able to access sufficient funding to execute its plans,
that the Company’s plans for tailings and water management will be implemented as expected and
will have the intended benefits and that the results of exploration and development activities are
consistent with management’s expectations. However, the forward-looking statements in this
document are subject to numerous risks, uncertainties and other factors, including factors relating
to the Company’s operation as a mineral exploration and development company and the Black Butte
Copper Project, that may cause future results to differ materially from those expressed or implied in
such forward-looking statements, including that the Company will not receive required regulatory
approvals for the proposed name change when expected or at all, that results of exploration and
development activities will not be consistent with management’s expectations, delays in obtaining or
inability to obtain required government or other regulatory approvals or financing, failure of plant,
equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or
hazardous weather conditions, unusual or unexpected geological conditions, ground control
problems, earthquakes, flooding and all of the other risks generally associated with the development
of mining facilities and the operation of a producing mine. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ materially
from those anticipated in such statements. Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and expressly disclaims any intention or
obligation to, update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.