The surrounding exploration package, comprising a 2,450 km 2 portfolio of mineral rights in exploration in Spain and neighbouring Portugal, also offers substantial long – term exploration upside and organic growth potential. The new owner added: " Key integration activities are well advanced with the objective of ensuring an orderly and effi cient transition of the MATSA Operations into Sandfire's global business at completion. During the period of integration, Sandfire will focus on minimising business disruption at the MATSA Operations, working with its high – quality management and operation al teams to ensure continuity of existing operations while maintaining a shared commitment to the highest standards of safety, responsibility and sustainability." Karl Simich, Sandfire's Managing Director and CEO, said: " This is a historic day for Sandfire.