Aic Mines Limited · ASX:A1M
Aic Mines — Shareholder Meeting (May 2022)
20 slides from Aic Mines's shareholder meeting presentation, May 27, 2022
Slide 1: AGM Presentation
For personal use only AGM Presentation 27 May 2022
Slide 2: Important information
Important information This presentation has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) to provide summary information about AIC Mines and its activities at the date of this presentation. The information contained in this For personal use only presentation doe
Slide 3: The year in review
AIC Mines The year in review For personal use only Eloise Copper Mine acquired and Mt Isa successfully integrated. Lamil Project Eloise Executive management team Copper Mine expanded. Marymia – anomalous primary copper Marymia sulphide mineralisation intersected Project over a strike length of
Slide 4: Company overview
Company overview A growth company leveraged to the copper price and exploration success For personal use only ASX Code A1M Board of Directors Share Price 1 $0.58 Josef El-Raghy Chairman Shares on Issue 308.8M Aaron Colleran Managing Director Market Capitalisation $179.1M Brett Montgomery Non-Executi
Slide 5: Macro environment
Macro environment A great time to be one of the few junior copper producers listed on the ASX with strong demand and price outlook for copper For personal use only Net additional demand in a zero carbon scenario Decarbonisation – a new paradigm Mt for copper demand Rapid electrification of grid ad
Slide 6: Strong Free Cashflow
Strong Free Cashflow A producing mine with a 26-year history providing strong free cashflow For personal use only with relatively low technical risk. Eloise A great time to be a copper producer Strong demand and price outlook for copper. Copper Excellent exploration potential High-grade ore body wit
Slide 7: Eloise Copper Mine: Generating positive cashflow
Eloise Copper Mine Generating positive cashflow For personal use only AIC is targeting an annual production rate from Eloise of approximately 12,500t Cu and 6,500oz Au1 in concentrate at a C1 operating cost of approximately A$3.30/lb (equivalent to US$2.50/lb Cu at an A$:US$ exchange rate of 0.75)
Slide 8: Eloise Copper Mine: Extending the mine life
Eloise Copper Mine Extending the mine life For personal use only Increasing Ore Reserves in a capital efficient manner is one of AIC’s strategic objectives. Current mineral resources contain 103,500t of copper and 93,300oz of gold1. Current Ore Reserves contain 30,300t of copper and 26,700oz o
Slide 9: Eloise Copper Mine: Significant exploration upside
Eloise Copper Mine Significant exploration upside For personal use only The search for new satellite deposits has numerous target areas: − West Corridor Macy North Emerson (below Ramsay) − East Corridor Elrose Levuka North Nobbies − Far West Corridor 9
Slide 10: Exploration projects
Exploration projects Exploring for gold and copper For personal use only Lamil Joint Venture 1,280km2 tenement package located 30km west of the world-class Telfer Gold-Copper Mine. Displays all the ingredients required to host a Telfer-style deposit. Marymia Project 2,400km2 tenement package –
Slide 11: Lamil Project: Drilling planned to commence in June
Lamil Project Drilling planned to commence in June For personal use only Lamil has the right ingredients to host a Telfer- style gold-copper deposit. − Prospective basement lithologies − Sulphide minerals − Extensive alteration zones 2021 drilling 2021 confirmed copper sulphide mineralisation as
Slide 12: Marymia Project
Marymia Project Prospective for gold and copper For personal use only 2022 program consists of 750m of diamond drilling and 7,200m of RC drilling. − Copper Hills Prospect (Cu) − Black Hills Prospect (Au) Copper Hills Prospect – considered to be a preserved portion of Paleoproterozoic basin, equi
Slide 13: Delamerian Project
Delamerian Project Belt-scale exploration opportunity For personal use only The Delamerian Orogen represents a largely under- explored cratonic margin setting analogous to other highly endowed provinces in Australia, such as the Paterson Orogen and Albany-Fraser Orogen. Prospective for multiple
Slide 14: Growth strategy
Growth strategy A disciplined acquisition strategy For personal use only Build a portfolio of mines through exploration, development and acquisition Our strategy is to target late-stage Australian gold and copper projects where we can add value through exploration and development. Any acquisitio
Slide 15: People
People Building an energised team For personal use only “Opportunities are usually disguised as hard work, so most people don’t recognise them.” Our culture is based on responsibility, efficiency and transparency. We are committed to creating a diverse and inclusive workplace where everyone feel
Slide 16: Investment thesis
For personal use only Investment thesis Highly credentialed and heavily invested team A new junior copper miner with strong free cashflow to add value through exploration success, resource growth, operational reliability and regional consolidation A great time to be a copper producer – strong demand
Slide 17: Appendix
For personal use only Appendix Eloise Overview Mineral Resource & Ore Reserve 17
Slide 18: Eloise Copper Mine Overview
Eloise Copper Mine Overview For personal use only Location 60km SE of Cloncurry and 155km ESE of Mt Isa Tenements Mining leases covering 505.9 ha Mineralisation Iron Sulphide Copper Gold (ISCG). Mineral Resources 103,500t Cu and 93,300oz Au Ore Reserves 30,300t Cu and 26,700oz Au Since commencement
Slide 19: Eloise Mineral Resource and Ore Reserve
Eloise Mineral Resource and Ore Reserve Eloise Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). For personal use only Further information is provided in the ASX announcement released by AIC Mines “Transformational Acquisition - AIC to Acquire th
Slide 20: For personal use only
For personal use only P: +61 (8) 6269 0110 E: info@aicmines.com.au A: A8, 435 Roberts Rd, Subiaco, WA, 6008 www.aicmines.com.au 20