29metals Limited · ASX:29M
29metals — Shareholder Meeting (June 2023)
24 slides from 29metals's shareholder meeting presentation, Jun 1, 2023
Slide 1: 2023 Annual General Meeting ASX Announcement
ASX ANNOUNCEMENT Thursday, 1 June 2023 2023 Annual General Meeting Chair Address and Managing Director & CEO Presentation 29Metals Limited (‘29Metals’ or, the ‘Company’) will hold its Annual General Meeting today, For personal use only commencing at 10.30am (Melbourne time). Accompanying this releas
Slide 2: Chair Address: 2022 Year in Review
2023 Annual General Meeting Chair Address It is my pleasure to be here with you for the 29Metals Limited 2023 Annual General Meeting, our second AGM. At last year’s AGM we reflected on 2021 – a milestone year for 29Metals, with our successful initial public offering and listing, and a strong start t
Slide 3: Chair Address: Challenges, Dividend and Capricorn Copper Event
2023 Annual General Meeting Chair Address Notwithstanding those achievements and more, 2022 was also a challenging year across the sector, and 29Metals was not immune. A year that started with the hope that the direct and indirect impacts of COVID-19 were behind us all, quickly presented continuing
Slide 4: Chair Address: Strategy for 2023 and Beyond
2023 Annual General Meeting Chair Address The copper and cobalt endowment at Capricorn Copper – both critical minerals, and key to the global clean energy transition – highlight Capricorn Copper’s value proposition. 29Metals’ task is to successfully complete the recovery, to improve the resilience o
Slide 5: 2023 Annual General Meeting: Managing Director & CEO Presentation
2023 Annual General For personal use only Meeting Chair Address Managing Director & CEO Presentation 1 June 2023
Slide 6: Important Information
Important Information FORWARD LOOKING STATEMENTS This presentation contains forward looking statements and comments about future events, including in relation to 29Metals’ businesses, plans and strategies. Forward-looking statements can generally be identified by the use of words such as, “expect”,
Slide 7: Chair address
Chair address Owen Hegarty OAM For personal use only Owen Hegarty Chair, Non-executive Director 3
Slide 8: Copper market dynamics
Copper market dynamics Positive copper outlook driven by expected copper supply deficit For personal use only 24 22 Key to global clean energy transition Copper market Critical for decarbonisation and electrification deficit 3 Copper in copper concentrate (Mt) 20 Contributes 0.2% of global GHG e
Slide 9: Our vision
Our vision To be a leading ASX-listed copper producer, developer and explorer, offering investors exposure to attractive market dynamics for copper and other metals critical to the global energy transition For personal use only Our strategic enablers: Highly experienced High-grade, Substantial Commi
Slide 10: Recap of the extreme weather event – Capricorn Copper
Recap of the extreme weather event – Capricorn Copper Unprecedented weather event in March 2023 Rainfall for five-day period 6-10 March more than 30% higher than previous high for March For personal use only Event intensity significantly higher at Capricorn Copper relative to neighbouring mines
Slide 11: Portfolio of high-grade, long-life copper assets in tier locations
Portfolio of high-grade, long-life copper assets in tier 1 locations Restart of operations first step to unlock value at Capricorn Copper, positive outlook at Golden Grove Golden Grove Capricorn Copper World class VHMS system Located in highly endowed and For personal use only prospective Mt Isa
Slide 12: Managing Director & CEO presentation
Managing Director & CEO presentation Peter Albert For personal use only Peter Albert Managing Director & CEO 8
Slide 13: Key messages
Key messages Building solid foundations for future growth For personal use only Capricorn 2023 Key 2022 Strategy Copper Performance Performance Recovery Plan Drivers 9
Slide 14: Our strategy
Our strategy Immediate and longer term strategy unchanged For personal use only External growth Execute our plan Deliver operating plan Continuous improvement Deliver organic growth – Safety and environmental performance – Improved productivity and unit cost reduction Execute our plan Deliver or
Slide 15: Recap of the extreme weather event
Recap of the extreme weather event 2 Mount Isa region declared a natural disaster zone following 1:200 year rainfall event Capricorn Copper aerial view 1 Esperanza South Subsidence Zone Significant increase in volume of water held on site For personal use only Key Impacts Esperanza South mine Wate
Slide 16: Capricorn Copper Recovery Plan
Capricorn Copper Recovery Plan 1,2 Phased restart with return to full production H1-2024 2023 2024 For personal use only Sep-Qtr Dec-Qtr H1 Phased restart of Initial response and restart preparation operations planned Phase 1: Mammoth and Greenstone (Partial operations) Restart Phase 2: Esperanza So
Slide 17: Execute our plan: 2022 operating and financial performance
Execute our plan 2022 operating and financial performance - solid operational performance against a challenging external backdrop For personal use only $183m operating cash flow, pre- Improved production hedges Cash Flow Production 73kt Cu-eq, up 8% on prior period 1, 2 $156m after $28m final cash
Slide 18: Sustainability & ESG
Execute our plan Sustainability & ESG - executing our operating plan means delivering against our Sustainability & ESG priorities Significant improvement in safety 15.0 For personal use only 12.0 TRIFR 9.0 12-month rolling average 6.0 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Capricorn Copper
Slide 19: Deliver organic growth: Productivity improvements and operational de-risking
Deliver organic growth Productivity improvements and operational de-risking Ventilation For personal use only Golden Grove Upper-level primary ventilation fan reinstated New Xantho Extended booster fans expected to be installed and commissioned late (Jun-Qtr 2023) Capricorn Copper First Espera
Slide 20: Deliver organic growth: In-mine and near mine growth opportunities
Deliver organic growth In-mine and near mine growth opportunities For personal use only Esperanza South 31-Dec-22 Mineral Resources and Ore Reserves estimates 1: – Resources 18.8Mt at 2.0% Cu Gossan Valley Cervantes – Reserves 10.8Mt at 1.6% Cu Feasibility studies completed Mar-Qtr 2023 drilli
Slide 21: Growth opportunities - spotlight on Golden Grove
Deliver organic growth 1 Growth opportunities - spotlight on Golden Grove 5.5% Xantho Extended: Grade - %Cu-eq 2 Golden Grove’s highest For personal use only value Ore Reserve Xantho Extended 5.0% and Europa Highest tonnes Gossan Valley presents Driver of growth in the Cevantes… a potential th
Slide 22: Exploration: Potential for additional discoveries
Deliver organic growth Exploration Potential for additional discoveries located in the world’s largest copper producing nation Redhill 2022 For personal use only field campaign extended known mineralisation (Chile) to inform future programmes 2022 program results 1: – Cutters: results as hig
Slide 23: 2023 priorities
2023 priorities Key drivers underpinning 2023 Performance Key Driver Management Focus Improvement in development rates seen in the Dec-Qtr 2022, particularly at For personal use only Golden Grove (GG) Focus on increasing the contribution from Xantho Extended (XE), particularly in Development Rat
Slide 24: Positioned to capitalise on the compelling commodities outlook
Positioned to capitalise on the compelling commodities outlook Right assets, right people, bright future For personal use only Solid 2022 performance against challenging backdrop Progress Continuing improvement in safety performance against Increased production YOY strategy Advanced organic gr