Aeris Resources Limited · ASX:AIS
Aeris Resources — 2016 Mining Resources Convention
32 slides from Aeris Resources's conference presentation, Aug 24, 2016
Slide 1: 2016 Mining Resources Convention
2016 Mining Resources For personal use only Convention Established Copper Producer Solid Project Pipeline Exploration Upside August 2016 ASX: AIS
Slide 2: Disclaimer
Disclaimer For personal use only Forward-Looking Information Certain statements contained in this press release constitute forward-looking statements or forward-looking information. The words “intend”, “may”, “would”, “could”, “will”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “target” a
Slide 3: Company Snapshot: Turnaround Completed
Company Snapshot For personal use only Turnaround Completed – 3 years in the making 3
Slide 4: Turnaround Completed – milestone achievements
Turnaround Completed – 4 milestone achievements For personal use only Corporate restructure Corporate office downsized (from 34 to 8 people) Exited Non-Core Assets Closure of Mt Muro mine in Indonesia Tritton Operations revitalised 3 consecutive years of record copper production 7 year mine plan Ram
Slide 5: Company Snapshot
Company Snapshot For personal use only Changed name to Aeris Resources Limited in December 2015 June 2013 June 2016 Shares Outstanding 1,164M 140M (934M fully diluted) Market Capitalisation $15.1M $47.6M*~($8.4M~ undiluted) Cash and Receivables $24.0M $19.1M Available Debt Facilities nil US$20.5M Se
Slide 6: Aeris - Today
Aeris - Today For personal use only • Australia’s 5th largest independent copper producer by volume • Strong financial position • Tritton 7 Year Life of Mine Plan • Investing in Tritton and Murrawombie underground mines • Ramping up greenfields exploration • Highly prospective regional exploration a
Slide 7: Established Copper Producer
For personal use only Established Copper Producer 7
Slide 8: Tritton Operations
Tritton Operations For personal use only • Two Underground Mines: − Tritton − Murrawombie • 1.8Mtpa Processing Plant • >1,800km2 highly prospective tenement package Tonnes Milled Cu tonnes 000’s 35,000 2,100 30,000 1,800 25,000 1,500 20,000 1,200 15,000 900 10,000 600 5,000 300 0 0 FY12 FY13 FY14 FY
Slide 9: Tritton Operations: Refocus on planning, people and maintenance
Tritton Operations For personal use only Refocus on planning, people and maintenance Production: UP • Focus on keeping the mill full • Productivity and efficiency improvements Costs: DOWN • Investment in maintenance to improve availability • Replacement of truck fleet complete • Replacement of loade
Slide 10: Tritton Operations - Investing in the Future
Tritton Operations - Investing in the Future For personal use only Tritton including Tritton Deeps • Tritton Ore Reserves updated to include Tritton Deeps – 32% increase in contained copper • Ore Reserves of 6.4Mt @ 1.6% copper (as at 30 June 2016 and after FY16 depletion) • +5 year Ore Reserve life
Slide 11: Growing the Company
For personal use only Company Growing the 11
Slide 12: Turnaround completed - the next step is growth
Turnaround completed - the next step is growth For personal use only • Our aim is to become a mid-tier, multi-mine company • Now that the turnaround is complete and the Tritton Operations has a clear path forward the focus is on growth • Three growth options: — Exploration at Tritton — Region Explor
Slide 13: Tritton Tenement Package
For personal use only Tritton Tenement Package Excellent Exploration Potential 13
Slide 14: Significant Ground Position In Proven Copper Field
Significant Ground Position In Proven Copper Field For personal use only “Besshi” style VMS orebodies generally occur in clusters • Tritton region hosts “Besshi” style VMS deposits • Tritton tenement package >1,800km2 • Mining to date has been from Girilambone and Tritton complexes – multiple deposi
Slide 15: Target Rich Tenement Package
Target Rich Tenement Package For personal use only 15
Slide 16: New Exploration Strategy
New Exploration Strategy For personal use only • Last 3 years focused on Life of Mine extensions from Brownfields exploration: • Tritton Deeps • Murrawombie Resource redefinition and mine plan • Avoca Tank extensions • Strategy for next 2 years • Focus on Greenfields exploration on Tritton tenement
Slide 17: Leverage off Technological Advances
Leverage off Technological Advances For personal use only • Technology tested on known Kurrajong EM signature • 2 initial targets: • Kurrajong complex • Greater Hermidale • Start date September 2016 17
Slide 18: Regional Exploration Portfolio
For personal use only Regional Exploration Portfolio 18
Slide 19: Regional Exploration
Regional Exploration For personal use only • Yandan • Inferred Mineral Resources 4.1Mt @2.4g/t gold • Strategic review underway - sale or JV • Blayney • Located in the Lachlan Fold Belt • Adjacent to Newcrest’s Cadia Valley operations • Mineral Resource already identified • Looking for JV partners •
Slide 20: Regional Exploration: Torrens Joint Venture
Regional Exploration For personal use only • Torrens Joint Venture • 70/30 JV with Argonaut Resources NL • The Torrens anomaly is confirmed to be the geophysical response to a very large iron oxide copper-gold (IOCG) system in the area of the Olympic Dam and Carrapateena mineral deposits • Positive
Slide 21: Growth through M&A
For personal use only Growth through M&A 21
Slide 22: Growth through M&A
Growth through M&A For personal use only • Target is to acquire additional assets through M&A • Focus on Base Metals (Copper and Zinc) and Gold • Preferred jurisdiction is Australia but will consider offshore based on potential risk and return • Asset type – producing or ready to develop assets 22
Slide 23: Summary
For personal use only Summary 23
Slide 24: Investment Rationale: Poised for Growth
Investment Rationale: Poised for Growth For personal use only • Established and growing copper producer (>28,000tpa guidance FY2017) • Foundation set with Tritton Operations performance and 7 Life of Mine Plan • Board and management team with a proven track record and clear vision and strategy • Ext
Slide 25: Thank you
For personal use only Thank you 25
Slide 26: Appendices
For personal use only Appendices 26
Slide 27: Tritton Operations overview
Tritton Operations overview •Proven producer with extensive exploration portfolio For personal use only Key Statistics Ownership: Aeris (100%) Location: Nyngan, NSW, Australia Commodity: Copper (Silver and Gold by-product) Product Type: Concentrate Overview Underground Mine Type: Long hole open stop
Slide 28: Mineral Resource: Tritton Underground June 2016
Mineral Resource Tritton Underground June 2016 For personal use only June 2016 Tonnes (kt) Cu (%) Cu (kt) Tritton Underground Measured 3,850 1.9 73 Indicated 4,940 1.2 61 Total M + I 8,790 1.5 134 Inferred 1,960 1.2 24 TOTAL 10,750 1.5 158 Tritton Pillars (Recoverable) Measured - - - Indicated 490 2
Slide 29: Tritton Mineral Resource June 2015
Tritton Mineral Resource June 2015 - Excluding Tritton underground For personal use only June 2015 Tonnes (kt) Cu (%) Cu (kt) Tonnes (kt) Cu (%) Cu (kt) Murrawombie Budgerygar Measured - - - Measured - - - Indicated 6,530 1.4 91 Indicated - - - Total M + I 6,530 1.4 91 Total M + I - - - Inferred 1,5
Slide 30: Mineral Resource: Other projects June 2015
Mineral Resource Other projects June 2015 For personal use only Tonnes (kt) Cu (%) Au (g/t) Cu (kt) Au (koz) Drummond Basin - Yandan Measured - - - - - Indicated - - - - - Total M + I - - - - - Inferred 4,100 - 2.4 - 316 TOTAL 4,100 - 2.4 - 316 Blayney - Discovery Ridge Measured - - - - - Indicated
Slide 31: Ore Reserve: Tritton Underground June 2016
Ore Reserve Tritton Underground June 2016 For personal use only June 2016 Tonnes (kt) Cu (%) Cu (kt) Tritton Underground Proved 3,580 1.7 61 Probable 2,790 1.4 39 TOTAL 6,370 1.6 100 31
Slide 32: Tritton Ore Reserve statement
Tritton Ore Reserve statement June 2015 excluding Tritton underground For personal use only Tonnes (kt) Cu (%) Cu (kt) North East Proved 65 1.5 1 Probable - - - TOTAL 65 1.4 1 Larsens Proved - - - Probable 272 2.5 7 TOTAL 272 2.5 7 Murrawombie Underground Proved - - - Probable 3,342 1.3 43 TOTAL 3,3