Aeris Resources Limited · ASX:AIS
Aeris Resources — Q3 FY24 Earnings Presentation
21 slides from Aeris Resources's earnings presentation, Apr 30, 2024
Slide 1: Q3 FY24 Results
Q3 FY24 Results 30 April 2024 Presented by: Andre Labuschagne
Slide 2: Disclaimer
Disclaimer This investor presentation has been prepared by Aeris Resources Limited However, investors should note that the non-IFRS financial information DISCLAIMER (“Aeris” or the “Company”). By attending an investor presentation or and non-GAAP financial measures do not have standardised meanings
Slide 3: Key points for Q3 FY24
Key points for Q3 FY24 Copper equivalent production of 9.1kt for the quarter at AISC of Mt Colin mine ore production year-to-date 10% higher than plan, A$5.31/lb although toll processing (and copper production) behind schedule Tritton metal production impacted by labour and equipment Jaguar on care
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer Mt Colin Mine (100%) Mine Type U/G Cu, Au FY24 Production Guidance 8kt - 10kt Cu Cracow Operations (100%) Barbara Project (100%) – Development Mine Type U/G Au FY24 Production Guidance 38koz - 48koz Au Mine Type U/G Cu, Au Resour
Slide 5: Tritton
Tritton NSW
Slide 6: Q3 results
Q3 results Performance impacted again by labour and equipment Sep 23 Dec 23 Mar 24 FY24 Production Summary Unit Qtr Qtr Qtr Guidance Copper Produced kt 5.2 4.8 4.3 19 – 24 Total copper production of 4.3kt at AISC of A$5.81/lb Gold Produced koz 1.0 1.2 1.2 6–7 Silver Produced koz 36.9 39.2 37.3 148 –
Slide 7: Operational improvements
Operational improvements Set up for strong Q4 Additional trucks and loaders, both rental and surplus equipment from Jaguar, brought into service at Tritton Contract labour obtained to fill critical production roles The mining sequence at Murrawombie changed from bottom-up to top-down, enabling incre
Slide 8: Cracow
Cracow Queensland
Slide 9: Q3 results
Q3 results Cracow production and costs to plan Sep 23 Dec 23 Mar 24 FY24 Gold production of 10.2koz at AISC of A$2,679/oz Production Summary Unit Qtr Qtr Qtr Guidance Gold Produced koz 12.7 11.1 10.2 38 - 48 Operating and capital costs on track Gold Sold koz 12.8 11.4 10.1 Cost Summary Guidance main
Slide 10: Near mine exploration
Near mine exploration Defining new mineralised structure at Apollo 6 hole drill program at Apollo completed – assays pending on 3 holes drilled this quarter Hole KLU282 (assays pending) intersected variable epithermal quartz veining over 200m indicating a potential fault jog prospective for larger,
Slide 11: Mt Colin
Mt Colin North Queensland
Slide 12: Q3 results
Q3 results Mine life extended to Q1 FY25 Copper production of 1.6kt at AISC of A$4.16/lb from one Sep 23 Dec 23 Mar 24 FY24 processing run Production Summary Unit Guidance Qtr Qtr Qtr Mining operations ahead of plan due to strong Copper Produced kt 2.4 1.6 1.6 8 - 10 performance from the “cave” zone
Slide 13: Jaguar
Jaguar Western Australia
Slide 14: Q3 activities
Q3 activities Jaguar now focused on restart studies and gold exploration Production Summary Unit Sep 23 Dec 23 Mar 24 FY24 Qtr Qtr Qtr Guidance Zinc Produced kt 3.1 - - 1.2 - 1.5 Copper Produced kt 0.6 - - 0.2 - 0.3 Gold Produced koz 0.4 - - 0.2 - 0.3 Operation on care and maintenance Silver Produce
Slide 15: Gold exploration
Gold exploration Focus on five prospective areas ① 1. Heather Bore Shear – 12km structure including 2km ⑤ shallow gold anomaly along strike from Northern Star’s Thunderbox operation 2. Aesop – Halloween Trend – 6km structural corridor with ② ⑤ some historical drilling & surface samples at +0.5g/t Au
Slide 16: Stockman Project
Stockman Project Victoria
Slide 17: Q3 activities
Q3 activities Updates released on Mineral Resource and feasibility study Flotation test work on generation of a bulk concentrate for further treatment via Albion process was completed, demonstrating good recoveries Albion leach test work commenced and expected to be finalised in Q4 Number of potenti
Slide 18: Corporate
Corporate Closing cash and receivables of $28.3 million with cash of $19.4 million Sep Dec Mar (A$ Million) 2023 2023 2024 Excludes additional $3M restricted cash applied to environmental Qtr Qtr Qtr bonding Trade payables and other creditors balance reduced by $13.4 million Closing cash 21.9 22.7 1
Slide 19: Focus for next quarter
Focus for next quarter Ramp up production at Tritton to deliver strong Q4 Barbara feasibility study and EIS Drilling at Constellation deposit to improve resource confidence Stockman Albion process test work and engineering Maintain production levels at Cracow to achieve upper end of Diamond drilling
Slide 20: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer 3 producing operations 3 development / re-start projects Highly prospective for further discoveries FY24 production of 40 - 50kt Cu eq1 Substantial copper metal inventory Excellent platform for growth 1. Based on average commodit
Slide 21: Thank You
7 Netis Thank You