More important than thickness is the hardness of the steel; mild steel will divot, bend and crack before much use, and any of those is going to end up spitting lead back at you, so you're better off using AR500 steel. Sand also isn't the best material for a catch, unless you're willing to sift it out on a regular basis; bullets end up building up in a layer just under the surface, which then has to be broken out with sledge or jack hammers. If you have the room for a snail-type trap, which lets the bullets drop out the back into a pan after they stop spinning, they're probably the most maintenance-free, but you also want to make sure you have good ventilation, going from behind you to towards the backstop.