Sandfire's Kalkaroo Project Push Adds to Copper M&A Surge -- Market Talk

Dow Jones

2025/11/19

2208 GMT - Sandfire Resources's agreement with Australian small-cap Havilah Resources to advance the Kalkaroo copper-gold project impresses Ord Minnett. "This adds to the recent M&A surge in the copper space which we deem positive for the longer-term commodity price," analyst Paul Kaner says. The deal with Havilah provides Sandfire with option value that Ord Minnett estimates at A$307 million. That compares to a "modest" initial payment of A$105 million, the bank says. As a result, Ord Minnett raises its price target on Sandfire by 4.8% to A$17.30/share. Sandfire ended Tuesday at A$15.70. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 18, 2025 17:08 ET (22:08 GMT)

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The deal with Havilah provides Sandfire with option value that Ord Minnett estimates at A$307 million. That compares to a \"modest\" initial payment of A$105 million, the bank says. As a result, Ord Minnett raises its price target on Sandfire by 4.8% to A$17.30/share. Sandfire ended Tuesday at A$15.70. 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The deal with Havilah provides Sandfire with option value that Ord Minnett estimates at A$307 million. That compares to a \"modest\" initial payment of A$105 million, the bank says. As a result, Ord Minnett raises its price target on Sandfire by 4.8% to A$17.30/share. Sandfire ended Tuesday at A$15.70. 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The deal with Havilah provides Sandfire with option value that Ord Minnett estimates at A$307 million. That compares to a \"modest\" initial payment of A$105 million, the bank says. As a result, Ord Minnett raises its price target on Sandfire by 4.8% to A$17.30/share. Sandfire ended Tuesday at A$15.70. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","BK7110":"铜","BK7507":"资源股","HAV.AU":"HAVILAH RESOURCES LTD","BK7506":"金矿股","SFR.AU":"SANDFIRE RESOURCES LTD"},"translate_title":"Sandfire的Kalkaroo项目推动铜并购激增——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HAV.AU":0.9,"QCmain":1.5,"SFR.AU":0.9,"MHGmain":1.5},"content_text":"2208 GMT - Sandfire Resources's agreement with Australian small-cap Havilah Resources to advance the Kalkaroo copper-gold project impresses Ord Minnett. \"This adds to the recent M&A surge in the copper space which we deem positive for the longer-term commodity price,\" analyst Paul Kaner says. The deal with Havilah provides Sandfire with option value that Ord Minnett estimates at A$307 million. That compares to a \"modest\" initial payment of A$105 million, the bank says. 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