Aeris Resources Limited · ASX:AIS
Aeris Resources — Q1 2024 Earnings Presentation
22 slides from Aeris Resources's earnings presentation, Oct 22, 2023
Slide 1: Q1 FY24 Results
Q1 FY24 Results 23 October 2023 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: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals miner Mt Colin Mine (100%) Mine Type U/G Cu, Au FY24 Production Guidance 8kt - 10kt Cu Cracow Operations (100%) Barbara Project (100%) Mine Type U/G Au FY24 Production Guidance 38koz - 48koz Au Mine Type U/G Cu, Au Resource 45kt Cu1 North
Slide 4: Highlights for Q1 FY24
Highlights for Q1 FY24 Copper equivalent production of 12.9kt for the quarter at AISC of Mining operations at Mt Colin performed well although processing A$5.44/lb slightly lower than forecast Tritton metal production ahead of plan on improved mined grades Stockman feasibility well advanced Strong f
Slide 5: Tritton
Tritton NSW
Slide 6: Q1 results: Strong production performance from Tritton
Q1 results Strong production performance from Tritton Copper, gold and silver production ahead of plan on Jun 23 Sep 23 FY24 Production Summary Unit improved mined grades Qtr Qtr Guidance Copper Produced kt 5.4 5.2 19 – 24 Total copper production of 5.2kt at AISC of A$5.68 Gold Produced koz 1.4 1.0
Slide 7: Avoca Tank mine
Avoca Tank mine Grade improving with greater geological understanding +2.5% Cu and 0.8g/t Au ore currently being mined from Avoca Tank Grade control drilling / underground mapping materially improved geological understanding Updated Mineral Resource Estimate to be released in coming weeks Massive su
Slide 8: Constellation Deposit
Constellation Deposit Potential future baseload feed for Tritton mill Located 45km northeast of the Tritton plant Mineral Resource1 of 6.7Mt at 1.85% Cu and 0.58g/t Au 6 drill hole program completed targeting extensions to the Mineral Resource at depth Hole TAKD095 is one of the best intersections e
Slide 9: Cracow
Cracow Queensland
Slide 10: Q1 results: Cracow production and costs to plan
Q1 results Cracow production and costs to plan Jun 23 Sep 23 FY24 Gold production of 12.7koz at AISC of A$2,398/oz, in line Production Summary Unit Qtr Qtr Guidance with plan Gold Produced koz 13.8 12.7 38 - 48 Operating and capital costs on plan Gold Sold koz 13.6 12.8 Cost Summary Tailings dam lif
Slide 11: Near mine exploration
Near mine exploration Small, high-grade resource additions at current mining area (Western Vein Field) Updated geological interpretations have identified targets for additional mineralisation along existing and new structures 5 drill targets tested via a first-pass drill program – most successfully
Slide 12: Mt Colin
Mt Colin North Queensland
Slide 13: Q1 results: Mining performing well and costs managed well
Q1 results Mining performing well and costs managed well Copper production of 2.4kt at AISC of A$3.66/lb Jun 23 Sep 23 FY24 Production Summary Unit Qtr Qtr Guidance Mining operations at Mt Colin performed to plan at slighter Copper Produced kt 2.0 2.4 8 - 10 better than planned copper grades Gold Pr
Slide 14: Barbara project
Barbara project Potential follow-on operation to Mt Colin Updated resource of 2.2Mt at 2.0% Cu and 0.2g/t Au1 completed Resource remains open down-plunge Feasibility studies underway on a potential underground operation Situated on a mining lease – can be brought into production quickly 1. Refer to
Slide 15: Jaguar
Jaguar Western Australia
Slide 16: Q1 results: Jaguar transitioned to care and maintenance
Q1 results Jaguar transitioned to care and maintenance Jun 23 Sep 23 FY24 Production Summary Unit Qtr Qtr Guidance Zinc Produced kt 2.9 3.1 1.2 - 1.5 Copper Produced kt 0.5 0.6 0.2 - 0.3 Gold Produced koz 0.4 0.4 0.2 - 0.3 Strong final quarter of production, approximately double planned metal output
Slide 17: Jaguar mine
Jaguar mine Copper dominant restart opportunity Mineral Resource of 0.8Mt at 2.28% Cu, 4.66% Zn and 61g/t Ag1 Resource consists of high-grade remnant sills and pillars along with additional mineralisation outside the old mine workings Multiple targets for further exploration identified Significant p
Slide 18: Regional exploration
Regional exploration Tenements well known for base metals prospectivity but also hosts multiple gold targets Tenement package also highly prospective for gold – regional endowment of +25Moz Several multi-million ounces deposits located within 50km of Jaguar tenements Exploration efforts during the q
Slide 19: Stockman Project
Stockman Project Victoria
Slide 20: Q1 Activities
Q1 Activities High-grade, long life, Zn-Cu-Ag-Au development project Feasibility study progressed – market update due Q2 Metallurgical drilling at Wilga and Currawong completed and assayed Interim feasibility study largely completed – draft report being compiled Next stage work plan to advance the p
Slide 21: Corporate
Corporate
Slide 22: Corporate
Corporate Focus on stabilisation of the business and consistent operating performance Jun Sep (A$ Million) 2023 2023 Site leadership changes to drive performance Qtr Qtr Closing cash 19.5 21.9 Reduction in corporate costs Jaguar - concentrate receivables 0.8 11.5 Mt Colin 0.0 1.6 Cash and receivable