Aeris Resources Limited · ASX:AIS
Aeris Resources — Gold Coast Investment Showcase (June 2021)
31 slides from Aeris Resources's conference presentation, Jun 23, 2021
Slide 1: Gold Coast Investment Showcase
For personal use only Gold Coast Investment Showcase 23 June 2021 Presented by Andre Labuschagne
Slide 2: Important notice and disclaimer
Aeris - Gold Coast Investment Showcase For personal use only 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 statem
Slide 3: Our Business
Aeris - Gold Coast Investment Showcase For personal use only Our Business Cracow Gold Operations Ownership 100% Mine type U/G Processing 600 ktpa CIP FY21F Production 70koz – 75 koz Au FY21F AISC A$1,525/oz-A$1,575/oz Au Reserves(1) 550kt @ 5.1 g/t (89koz) Torrens JV Au Resources(1) 2,300kt @ 4.0 g/
Slide 4: Market information
Aeris - Gold Coast Investment Showcase For personal use only Market information ASX Code AIS $50m placement Constellation results Market capitalisation1 A$441m 1 Enterprise Value A$394m Available Cash2 A$73m H1 results Outstanding Debt2, 3 A$26m Constellation discovery Commodity focus Copper and Gol
Slide 5: Transformation in last months
Aeris - Gold Coast Investment Showcase For personal use only Transformation in last 12 months Comparison H1 Dec 19 vs H1 Dec 20 Cash from Operating Share price Market cap $m Revenue $m activities $m Net profit $m Net debt $m 3.4c 19 Dec 19 108 6 -29 37 1 Jun 20 214 72 46 11 22 June 21 20c 441 Dec 20
Slide 6: Aeris Resources
For personal use only 6 Aeris Resources
Slide 7: Tritton Copper Operations: a consistent producer with upside
Aeris - Gold Coast Investment Showcase Tritton Copper Operations For personal use only 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 2,160km2
Slide 8: An unrivalled project pipeline
Aeris - Gold Coast Investment Showcase Tritton Copper Operations For personal use only An unrivalled project pipeline Project Producing Development Ready Exploring Constellation Avoca Tank Tritton Murrawombie Murrawombie Budgerygar Budgerygar Kurrajong Tritton Avoca Tank Processing Facility South Wi
Slide 9: There's more copper to be found, $15 million allocated for FY22
Aeris - Gold Coast Investment Showcase Tritton Copper Operations For personal use only – there’s more copper to be found, $15 million allocated for FY22 ● Exploration upside: Highly endowed tenement package (2,160km2) – more than 750kt of copper discovered to date(1) Proven exploration strategy
Slide 10: Greenfields Exploration Activities in FY22
Aeris - Gold Coast Investment Showcase Tritton Copper Operations For personal use only Greenfields Exploration Activities in FY22 Constellation • Continue drilling at Constellation across FY22 targeting Maiden Mineral Resource estimates for open pit and underground • Bedrock conductor identified ini
Slide 11: Constellation Deposit
Aeris - Gold Coast Investment Showcase Tritton Copper Operations – For personal use only Constellation Deposit • Spectacular results • 45km North-East from Tritton – within trucking distance of Tritton mill • 24 diamond holes drilled to date – majority intersecting copper sulphide mineralisation • H
Slide 12: Constellation Deposit – RC drilling
Aeris - Gold Coast Investment Showcase Tritton Copper Operations For personal use only Constellation Deposit – RC drilling Assays received from 22 Reverse Circulation (RC) holes (assays pending on a further 30 RC holes) Significant high grade copper intersections including:(1) o TAKRC024 - 38m @
Slide 13: Aeris Resources
For personal use only 13 Aeris Resources
Slide 14: Cracow Gold Operations: a highly cash flow generative mine
Aeris - Gold Coast Investment Showcase Cracow Gold Operations For personal use only 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 ● Acquired from Evolution Mining in July 2020:(1)(2) • A
Slide 15: Cracow Gold Operations – a prolific goldfield
Aeris - Gold Coast Investment Showcase For personal use only Cracow Gold Operations – a prolific goldfield Aeris is re-invigorating exploration, $13 million allocated for FY22 Cracow has produced more than 1.4 Moz of gold over its life since first production in 2004 Strong history of replenishin
Slide 16: Accelerating Exploration
Aeris - Gold Coast Investment Showcase Cracow Gold Operations For personal use only Accelerating Exploration Near Mine New Space Resource updates Push mill to 650kt Prioritising targets Roses Pride +260%(1) Focus on increasing UG mine life Drilling approved for Ballymore Klondyke Royal +
Slide 17: Exploration of brownfield target areas
Aeris - Gold Coast Investment Showcase Cracow Gold Operations For personal use only Exploration of brownfield target areas SOVEREIGN Drill target – tested / testing Drill target – not tested. First pass testing BALLYMORE TIP scheduled FY22 CROWN DEEPS • Two rigs increasing to three rigs • Increased
Slide 18: Exploring in new spaces – looking for the next big discovery
Aeris - Gold Coast Investment Showcase Cracow Gold Operations For personal use only 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 sys
Slide 19: M&A
For personal use only M&A 19 Aeris Resources
Slide 20: M&A remains a focus
Aeris - Gold Coast Investment Showcase For personal use only 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-
Slide 21: Summary
Aeris Resources For personal use only Summary 21
Slide 22: Highlights of the past months
Aeris - Gold Coast Investment Showcase For personal use only Highlights of the past 12 months Cracow Tritton Corporate Acquisition and integration completed FY21 guidance 22,500-23,500t Cu @ AISC Repaid $48m in debt since 1 July 2020 FY21 guidance 70,000-75,000oz @ AISC of of A$3.60-A$3.75/l
Slide 23: What makes Aeris different?
Aeris - Gold Coast Investment Showcase What makes For personal use only 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
Slide 24: Thank you
Aeris Resources For personal use only Thank you 24
Slide 25: Appendix A: Mineral Resource and Ore Reserve statements
Aeris Resources For personal use only Appendix A: Mineral Resource and Ore Reserve statements 25
Slide 26: Tritton – Mineral Resource
Aeris - Gold Coast Investment Showcase For personal use only Tritton – Mineral Resource (1) Discrepancies in summation may occur due to rounding. (2) Mineral Resource cut-off grades: 0.6% Cu Tritton, 0.6% Cu Murrawombie, 0.6% Cu Avoca Tank, 0.8% Cu Budgerygar, 0.5% Budgery. Mineral Resource is repor
Slide 27: Tritton – Ore Reserve
Aeris - Gold Coast Investment Showcase For personal use only Tritton – Ore Reserve (1) Discrepancies in summation may occur due to rounding. (2) Cut-off grades vary between deposits and are selected based on economic analysis. They are not a break-even cut-off. (3) Mineral Resources are quoted as IN
Slide 28: Cracow – Mineral Resource and Ore Reserve
Aeris - Gold Coast Investment Showcase For personal use only Cracow – Mineral Resource and Ore Reserve (1) Full details of the Cracow Mineral Resource and Ore Reserve are provided in the report entitled Annual Mineral Resources and Ore Reserves (2) The reported Mineral Resource does not include the
Slide 29: Cracow – Roses Pride Mineral Resource
Aeris - Gold Coast Investment Showcase For personal use only Cracow – Roses Pride Mineral Resource 1 Full details of the December 2020 Roses Pride Mineral Resource are provided in the ASX Announcement “Roses Pride Mineral Resource Update” dated 6th January 2021. 29
Slide 30: Cracow – Klondyke Royal Mineral Resource
Aeris - Gold Coast Investment Showcase For personal use only Cracow – Klondyke Royal Mineral Resource March 2021 Klondyke - Royal Mineral Resource (1)(2) Resource Category Tonnage Au (g/t) Ag (g/t) Au metal Ag metal (kt) (koz) (koz) Measured - - - - - Indicated 183.4 4.0 3.6 23.5 21.2 Inferred 158.0
Slide 31: Competent Persons statement
Aeris - Gold Coast Investment Showcase Competent Persons statement For personal use only Competent Persons statement 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
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