Aeris Resources Limited · ASX:AIS
Aeris Resources — 121 Mining Investment America 2021
35 slides from Aeris Resources's conference presentation, Oct 13, 2021
Slide 1: 121 Mining Investment America
121 Mining Investment America 13 – 15 October 2021 Presented by Andre Labuschagne
Slide 2: Important notice and disclaimer
Aeris – 121 Mining Investment America Important notice and disclaimer This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (Aeris) with respect to the anticipated future undertakings. These forward- looking statements reflect various as
Slide 3: Our Business
Aeris – 121 Mining Investment America Our Business Cracow Gold Operations Ownership 100% Mine type U/G Processing 600 ktpa CIP FY22F Production 67koz – 71 koz Au FY22F AISC A$1,550/oz-A$1,600/oz Au Reserves(1) 690kt @ 4.1 g/t (90koz) Torrens JV (exploration) Au Resources(1) 3,900kt @ 3.1 g/t (390koz
Slide 4: Market information
Aeris – 121 Mining Investment America Market information ASX Code AIS 0.3 Market capitalisation1 A$401m 0.25 $50m placement 1 Enterprise Value A$304m Constellation results 0.2 Available Cash2 A$97m Share Price, A$ H1 results Outstanding Debt Nil 0.15 Constellation discovery Commodity focus Copper an
Slide 5: FY21 Highlights: Transformational year
Aeris – 121 Mining Investment America FY21 Highlights Transformational year 5
Slide 6: Our Sustainability Approach
Aeris – 121 Mining Investment America Our Sustainability Approach Aeris seeks to operate in a sustainable manner that creates value now and into the future. The way we conduct our business and the decisions we make every day contribute towards achieving sustainable outcomes. We believe through opera
Slide 7: Aeris Resources
Aeris Resources j Gperatinge We are Aeris
Slide 8: Tritton Copper Operations: A consistent producer with upside
Aeris – 121 Mining Investment America Tritton Copper Operations A consistent producer with upside • Established underground copper mines and 1.8 Mtpa processing plant in Western NSW, Australia • Operating since 2005 with >320 kt Cu produced • Highly endowed region and 2,330km2 tenement package • Nea
Slide 9: Tritton Copper Operations – unrivalled project pipeline
Aeris – 121 Mining Investment America Tritton Copper Operations – unrivalled project pipeline Project Producing Developing / Constructing Exploring • Ore Reserve(1) - 5,300kt @1.3% for 60kt Cu Tritton • Mineral Resource Estimate(1) Murrawombie - 16,600kt @ 1.4% for 230kt Cu Budgerygar Avoca
Slide 10: Aeris – poised to capitalise on the demand for copper
Aeris – 121 Mining Investment America Aeris – poised to capitalise on the demand for copper • Aeris remains strongly focused on delivering organic growth • A$50m developing three new production sources in FY22 Budgerygar deposit Avoca Tank underground mine Murrawombie Open Pit cut-back • Advan
Slide 11: Project Development: Budgerygar
Aeris – 121 Mining Investment America Project Development Budgerygar • Mineral Resource 2.3mt@1.5%cu1 • Access drive completed • Resource drilling underway • First production targeted for Q4 FY22 (1) See slides 32 – 34 for further detail 11
Slide 12: Project Development: Avoca Tank Development
Aeris – 121 Mining Investment America Project Development Avoca Tank Development • Ore Reserve 700kt @ 2.5% Cu, 0.8g/t Au1 • Access drive from the Northeast mine (existing portal in Hartman’s pit) • Minimise environmental footprint • Avoid geotechnical risk in weathered rock zone • Target access at
Slide 13: Project Development: Avoca Tank Development
Aeris – 121 Mining Investment America Project Development Avoca Tank Development • Prep work underway • Approval received to start development • Contract awarded - mobilising 22 October • First ore target – Q4 FY23 13
Slide 14: Tritton – there's more copper to be found, $15 million allocated for FY22
Aeris – 121 Mining Investment America Tritton Copper Operations – there’s more copper to be found, $15 million allocated for FY22 ● Exploration upside: Highly endowed tenement package (2,330km2) – more than 750kt of copper discovered to date(1) Proven exploration strategy – Constellation discove
Slide 15: Tritton Copper Operations: Greenfields Exploration Activities in FY22
Aeris – 121 Mining Investment America Tritton Copper Operations Greenfields Exploration Activities in FY22 Constellation • Continue drilling at Constellation across FY22 targeting Maiden Mineral Resource estimate • Bedrock conductor identified initially from airborne EM survey and confirmed by groun
Slide 16: Tritton Copper Operations – Constellation Deposit
Aeris – 121 Mining Investment America Tritton Copper Operations – Constellation Deposit Spectacular results • 45km North-East from Tritton – within trucking distance of Tritton mill • 60 diamond holes drilled to date – majority intersecting copper sulphide mineralisation(4) • High grade results repo
Slide 17: Constellation Deposit growing
Aeris – 121 Mining Investment America Tritton Copper Operations Constellation Deposit growing • High grade copper assays returned from within the deeper primary (sulphide) copper domain: •TAKD0221 – 17.9m @ 3.21% Cu, 5.7g/t Ag (from 230.0m) •TAKD0232– 4.95m @ 3.06% Cu, 0.71g/t Au, 3.2g/t Ag (from 35
Slide 18: Aeris Resources Operations
Operations | We are Aeris
Slide 19: Cracow Gold Operations: A highly cash flow generative mine
Aeris – 121 Mining Investment America Cracow Gold Operations A highly cash flow generative mine that has transformed the company • A high grade, low cost gold mine in Queensland, Australia with a proven operating history • FY21 production of 73,685koz high margin gold ounces at AISC of A$1,483oz • U
Slide 20: Cracow Gold Operations - Accelerating Exploration
Aeris – 121 Mining Investment America Cracow Gold Operations - Accelerating Exploration Near Mine New Spaces Resource updates Push mill to 650kt Prioritising targets Roses Pride +260%(1) Focus on increasing UG mine life Drilling underway at Ballymore and Klondyke Royal +324%(2) Review
Slide 21: Cracow Gold Operations – a prolific goldfield
Aeris – 121 Mining Investment America Cracow Gold Operations – a prolific goldfield Aeris is re-invigorating exploration, $13 million allocated for FY22 Cracow has produced more than 1.5 Moz of gold over its life since first production in 2004 Strong history of replenishing Reserves and Resource
Slide 22: Cracow Gold Operations: Mining and exploration pipeline
Aeris – 121 Mining Investment America Cracow Gold Operations Mining and exploration pipeline Project Producing Development Ready Exploring • Ore Reserve maintained(1) • 690kt @4.1g/t for 90koz Western Field U/G Deposit Roses Pride • Mineral Resource increased(1)(2) Golden Plateau • 3,900kt @ 3.1g/t
Slide 23: Cracow Gold Operations: Exploration of near mine target areas
Aeris – 121 Mining Investment America Cracow Gold Operations Exploration of near mine target areas • Three rigs drilling underground • Increased FY22 budget to A$9M • Multiple untested targets 23
Slide 24: Cracow: Exploring in new spaces – looking for the next big discovery
Aeris – 121 Mining Investment America Cracow Gold Operations Exploring in new spaces – looking for the next big discovery Prospectivity review completed. Revision of priority targets. ● Cracow South-West Identified as a potential analogue of the Western field mineralised system (~2Moz)(1) • Struct
Slide 25: Aeris Resources M&A
Aeris Resources M&A 25
Slide 26: M&A remains a focus
Aeris – 121 Mining Investment America M&A remains a focus Aeris Resources M&A strategy Commodities Gold and Copper ● Pursue strategic M&A Location Australia opportunities that add value, Offshore – Risk reward complement existing portfolio and transform Aeris into a mid- Project stage Produc
Slide 27: Summary
Aeris Resources Summary 27
Slide 28: Summary
Aeris – 121 Mining Investment America Summary FY21 FY22 Transformational year Tritton guidance 21-22kt Cu @ AISC between $3.95/lb and 4.30/lb Operations deliver against expectation Transformation from survival to growth Significant exploration success Accelerating exploration $15m $50m p
Slide 29: We Are Aeris: What makes Aeris different?
Aeris – 121 Mining Investment America What makes Proven team with a Aeris different? consistent track record Further value to unlock Diversified, strong free cash generation We Are Aeris A platform for growth Favourable gold / copper price exposure Financially robust, rapidly deleveraging 29
Slide 30: Thank you
Aeris Resources Thank you 30
Slide 31: Appendix A: Mineral Resource and Ore Reserve statements
Aeris Resources Appendix A: Mineral Resource and Ore Reserve statements 31
Slide 32: Tritton – Mineral Resource - June 2021
Aeris – 121 Mining Investment America Tritton – Mineral Resource - June 2021 Tritton Tenement Package June 2021 June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Budgerygar Measured 3,500 1.3 45
Slide 33: Tritton – Ore Reserve - 2021
Aeris – 121 Mining Investment America Tritton – Ore Reserve - 2021 Tritton Tenement Package June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Proved 1,800 1.2 21 0.1 4 3.0 170 Probable 0 0.0 0 0.0 0 0.0 0 TOTAL 1,800 1.2 21 0.1 4 3.0 170 Murrawombie Undergr
Slide 34: Cracow – Mineral Resource and Ore Reserve
Aeris – 121 Mining Investment America Cracow – Mineral Resource and Ore Reserve 2021 Mineral Resource Cracow Tenement Package 2021 Ore Reserve Cracow Tenement Package June 2021 June 2021 Tonnes (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Au (g/t) Au (koz) Cracow CRACOW Measured 200 9.1 59 5
Slide 35: Competent Persons statement
Aeris – 121 Mining Investment America Competent Persons statement Competent Person’s Statement – Mineral Resource Mr Cox confirms that he is the Competent Person for all the Mineral Resource estimates summarised in this Report and he has read and understood the requirements of the 2012 Edition of th