Aic Mines Limited · ASX:A1M
Aic Mines — Investor Presentation (May 2024)
29 slides from Aic Mines's investor presentation, May 22, 2024
Slide 1: Equity Raising Presentation
Equity Raising Presentation Funding Development of the Jericho Copper Mine 22 May 2024
Slide 2: Important information
Important information Not for release to US wire services or distribution in the United States. This presentation is dated 22 May 2024 and has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) in relation to its proposed Equity Raising. This presentation does not co
Slide 3: Important information
Important information Investment risk There are a number of risks specific to the Offer and AIC Mines, and a number of general risks, which may affect the future operating and financial performance of AIC Mines and the value of an investment in AIC Mines including and not limited to commodity price
Slide 4: Key Highlights
Key Highlights Funding to commence Jericho mine development Equity Raising Rationale Use of funds Following grant of the Jericho Mining Lease1 the mining Sources of Funds A$M team at Eloise have commenced preparations for underground access to Jericho from the Eloise decline via a 3.0km link drive
Slide 5: Equity Raising Overview
Equity Raising Overview Funding to commence Jericho mine development • AIC Mines is pleased to announce the launch of an institutional placement comprising the issue of approximately 110 million fully paid ordinary shares in the Company (“New Shares”) to raise $57.2 million, which will be issued uti
Slide 6: Indicative Timetable
Indicative Timetable Event Date Trading Halt and announcement of Placement opens Wednesday 22 May 2024 Trading halt lifted and announce completion of Placement Friday 24 May 2024 Settlement of New Shares issued under the Placement1 Thursday 30 May 2024 Allotment and commencement of trading of New Sh
Slide 7: AIC Mines
AIC Mines An experienced Board and Executive team A growth-oriented Australian copper building a new Australian mid-tier copper and mining company gold miner through exploration, development and acquisition Current A1M Pro-Forma (Pre-Raise) Board of Directors Share Price1 $0.59 $0.59 Josef El-Raghy
Slide 8: Jericho Copper Deposit
Jericho Copper Deposit Transforming Eloise into a cornerstone asset Development of Jericho transforms Eloise: − Increases annual production to over 20,000t Cu and 7,500oz Au in concentrate − Expected economies of scale to reduce processing costs − Lower mining costs at Jericho due to shallower ore
Slide 9: Jericho Copper Mine
Jericho Copper Mine Pathway to 20,000tpa Cu production Following grant of the Jericho Mining Lease1 the mining team at Eloise have commenced preparations for underground access to Jericho from the Eloise decline via a 3.0km link drive2 Capital cost of the link drive development is estimated at $
Slide 10: Eloise to Jericho Link Drive
Eloise to Jericho Link Drive Reducing schedule risk and operational risk Recently completed mining studies comparing the two scenarios for accessing the Jericho deposit – an underground link drive from Eloise versus a covered boxcut and portal at Jericho – have clearly shown that an underground li
Slide 11: Eloise Plant Expansion
Eloise Plant Expansion Pathway to 20,000tpa Cu production Eloise processing plant to be progressively expanded to 1.1Mtpa from current 725,000tpa capacity to accommodate Jericho ore Capital cost estimate for the Eloise processing plant expansion1 is estimated at $60M over 36 months2 (including c
Slide 12: Eloise Copper Mine
Eloise Copper Mine Our foundation asset Eloise is on track to exceed its FY24 production target1 of 12,500t Cu and 5,000oz Au in concentrate at an AISC of A$5.00/lb Cu and AIC of A$5.20/lb Cu Production of approximately 3,000t – 3,200t Cu and 1,500oz Au in concentrate is targeted in the June 202
Slide 13: Jericho Near-Mine Exploration
Jericho Near-Mine Exploration Potential to further increase production Jericho remains open along strike and at depth – CY25 drilling to test north, south and at depth − Swagman – 200m spaced step-out drilling commenced April 2024. Link drive passes within 400m of Swagman. − Jericho South – drilli
Slide 14: Regional Exploration
Regional Exploration Potential to extend project life 2,000km2 tenement holding providing a strong pipeline of targets to maintain our resource growth momentum N North – Iris-Electra-Big Foot trend defines 4km of prospective strike South – geophysical targets along strike south of Jericho S (C
Slide 15: Stakeholder Engagement
Stakeholder Engagement Commitment to Sustainability ESG is business as usual for AIC Mines. It drives Sustainability Strategy released June 2023 – a publicly and informs decision making around risk, strategy and accessible document outlining our approach to sustainability disclosures We are committe
Slide 16: Growth Strategy
Growth Strategy A disciplined acquisition strategy Building a portfolio of mines through exploration, development and acquisition Targeting late-stage Australian gold and copper projects where we can add value through exploration and development Any acquisition we make must be value-accretive
Slide 17: Investment Proposition
Investment Proposition Highly credentialed and heavily invested team Expansion underway to transform the Eloise copper mine into a cornerstone asset: • Annual production of +20,000t copper and +7,500oz gold in concentrate • Mine life of +10 years • Highly prospective 2,000km2 tenement holding A grow
Slide 18: Risk Factors
Risk Factors 18
Slide 19: Key Risks
Key Risks There are various risks associated with an investment in New Shares or AIC Mines generally, as with any securities market investment. The Directors of AIC Mines aim to manage these risks by carefully planning the Company’s activities and implementing risk control measures. However, some of
Slide 20: Key Risks
Key Risks Cont. Mining Risk The mining activities of AIC Mines may be affected by significant risks and hazards, including environmental hazards, industrial accidents, unusual or unexpected geological conditions, unavailability of materials and equipment, insufficient water supplies, pit wall failur
Slide 21: Key Risks
Key Risks Cont. Unforeseen Expenditure Risk Expenditure may need to be incurred that has not been considered in the preparation of this presentation. Although the Company is not aware of any such additional expenditure requirements, if such expenditure is subsequently incurred, this may adversely af
Slide 22: Key Risks
Key Risks Cont. Competition Risk AIC Mines is one of a large number of exploration and mining companies that operate in the base and precious metals industry in Australia. Although the Company will undertake all reasonable due diligence in its business decisions and operations, the Company will have
Slide 23: Offer Jurisdictions
Offer Jurisdictions 23
Slide 24: Offer Jurisdictions
Offer Jurisdictions International Offer Restrictions This presentation does not constitute an offer of New Shares of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any
Slide 25: Offer Jurisdictions
Offer Jurisdictions Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in connection with
Slide 26: Offer Jurisdictions
Offer Jurisdictions United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Markets Act 2000, as amende
Slide 27: Appendix: Mineral Resources and Ore Reserves
Appendix Mineral Resources and Ore Reserves 27
Slide 28: Eloise Project Mineral Resources
Eloise Project Mineral Resources For full details of Eloise Mineral Resources see AIC Mines ASX announcement “Increased Resources and Reserves at Eloise, Sandy Creek and Artemis” dated 18 April 2024 For full details of Jericho Mineral Resources see AIC Mines ASX announcement “Significant Increase in
Slide 29: Eloise Project Ore Reserves
Eloise Project Ore Reserves For full details of Eloise Ore Reserves see AIC Mines ASX announcement “Increased Resources and Reserves at Eloise, Sandy Creek and Artemis” dated 18 April 2024 For full details of Jericho Ore Reserves see AIC Mines ASX announcement “Significant Increase in Jericho Ore Re