Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Shareholder Meeting (November 2023)
16 slides from Aurelia Metals's shareholder meeting presentation, Nov 14, 2023
Slide 1: 2023 Annual General Meeting: Managing Director and CEO's Presentation
2023 ANNUAL GENERAL MEETING MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER’S PRESENTATION ASX Code: AMI
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation has been prepared by Aurelia Metals Limited (“AMI” or the “Company”). It should not By its very nature, production and exploration for gold and base metals is a high risk business and is be considered as an offer or invitation to subscribe for or purchase
Slide 3: 2023 Highlights
2023 HIGHLIGHTS 45% decrease in Total Recordable Injury Frequency Rate (TRIFR) to 5.13 Improvement in Recordable Environmental Incident Frequency Rate (REIFR) to 2.91 Development Consent received for the Federation Project Debt free at 30 June 2023 with term loan repaid from operating cash
Slide 4: Sustainability Performance
SUSTAINABILITY PERFORMANCE Record safety performance achieved Group Total Recordable Injury Frequency Rate (TRIFR) - 12 month moving average 15 10 5 0 Aug-22 Sep-22 Feb-23 Oct-22 Jan-23 Jun-23 Jul-22 Apr-23 May-23 Nov-22 Dec-22 Mar-23 Group Recordable Environmental Incident Frequency Rate (REIFR) -
Slide 5: Group Operational Summary
GROUP OPERATIONAL SUMMARY Production and cost guidance achieved FY23 guidance Key metric Units FY23 Actual 5% Production volume Gold koz 86 83 Silver koz 352 - Copper kt 2 2 Lead kt 19 20 Zinc kt 21 21 All-In Sustaining Cost A$/oz 2,315 2,300 ANNUAL GENERAL MEETING | 14 NOVEMBER 2023
Slide 6: Balance Sheet in Place to Deliver Growth
BALANCE SHEET IN PLACE TO DELIVER GROWTH Debt free at year end with A$166 million in available pro-forma liquidity Total pro- Undrawn forma Loan Note liquidity • Significant increase in cash post 30 June 2023 from A$36M completion of refinance Pro-forma (US$24M) cash A$130M • US$24M Loan Note Advanc
Slide 7: A New Vision for the Future
A NEW VISION FOR THE FUTURE To be a developer and operator of choice for critical base metals to power a low-carbon future and deliver superior shareholder value OUR VALUES OUR STRATEGY IMPROVE RIGHT DELIVER ONE OUR PEOPLE, FOCUSED CARE CURIOSITY NIMBLE WITH TEAM OPERATING RIGHT GROWTH CONFIDENCE MA
Slide 8: Executive Leadership Team
EXECUTIVE LEADERSHIP TEAM Bryan Quinn Martin Cummings Andrew Graham Rochelle Carey Managing Director & Chief Executive Officer Chief Financial Officer Chief Development & Technical Officer General Counsel & Company Secretary Matthew Nuttall Angus Wyllie Michelle Tracey Susan Scheepers General Manage
Slide 9: FY24 Guidance
FY24 GUIDANCE Building a base for sustained operational excellence FY24 Metric Actions to deliver operations excellence: Guidance1 Gold koz 60.0 – 65.0 • Embed our safety and risk management systems • Align incentive schemes to lower unit costs Copper kt 2.8 – 3.1 • Prioritise development at Peak an
Slide 10: The Pathway to Our Success
THE PATHWAY TO OUR SUCCESS Near term priorities to fill our mills 4 Optimise the Cobar Basin Convert Resources 3 to Reserves Deliver near-term 2 growth projects Operational excellence and 1 lower unit costs Enabled and strengthened by our people and an engaged culture ANNUAL GENERAL MEETING | 14 NOV
Slide 11: The Cobar Province Model
THE COBAR PROVINCE MODEL A business model that will support the delivery our Strategy New Cobar Regional targets Nymagee PEAK + Filling the mills and bringing a commercial HERA MILLS 1.25Mtpa – mindset to all strategic partnership options Great Cobar Federation 1.4Mtpa New Occidental Burrabungie Pea
Slide 12: Aurelia Metals – Today and the Future
12 AURELIA METALS – TODAY AND THE FUTURE Actual FY23 Revenue Mix by Commodity1 Illustrative Future Revenue Mix by Commodity2 ~80% base ~37% base metals revenue Copper metals revenue Zinc ~8% ~14% Gold & Silver Copper ~20% ~25% Lead ~15% Lead ~20% Gold & Silver ~63% Zinc ~35% 1. Refer to Aurelia Meta
Slide 13: Federation Project
FEDERATION PROJECT Significant progress towards bringing one of the largest base metals development projects in Australia into production October 2022 March 2023 April 2023 May 2023 August 2023 October 2023 Feasibility Development Refinements to Funding solution Decline Mining Lease Stud
Slide 14: Great Cobar – Copper Development Peers
GREAT COBAR – COPPER DEVELOPMENT PEERS One of the highest grade, undeveloped copper resources in Australia1,2 1. Refer to ASX release dated 27 January 2022, Great Cobar PFS Outcomes and Peak Ore Reserve Increase, for further details. Aurelia confirms that it is not aware of any new information or da
Slide 15: Contact
CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com
Slide 16: Appendix 1: Copper Developer Peer Comparison
1 APPENDIX 1: COPPER DEVELOPER PEER COMPARISON Resource Grade Contained Company Ticker Project 2 Reference (Mt) (% Cu) Copper (Mt) Andromeda Metals ADN Moonta-Wallaroo (ADN) [0:100] 66.1 0.17% 0.114 https://www.andromet.com.au/assets/ADN-Annual-Report-2023-FINAL.pdf Aeon Metals AML Walford Creek (AM