Aeon Metals — Noosa Mining Conference 2021
21 slides from Aeon Metals's conference presentation, Nov 11, 2021
Slide 1: Presentation to Noosa Mining Conference
ASX Announcement 12 November 2021 Presentation to Noosa Mining Conference Aeon Metals Limited (ASX: AML) (Aeon or the Company) is pleased to provide the presentation delivered to the Noosa Mining Conference on 11 November 2021. This ASX release has been authorised for and on behalf of the Aeon Board
Slide 2: Building a New Pathway to Success
BUILDING A NEW PATHWAY TO SUCCESS Noosa Mining Conference 11 November 2021 ASX: AML
Slide 3: Cautionary statement
Cautionary statement This document dated 11 November 2021 has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors in relation to a placement and a share purchase plan. This document is not a pros
Slide 4: Investment highlights
Investment highlights Responsibly sourced • Our flagship Walford Creek Project is located in north-west Queensland, a Tier 1 jurisdiction for ethical sourcing of mineral products future energy metals • Walford Creek is set to produce copper, cobalt, zinc, silver and nickel; key metals of the low car
Slide 5: Background
Background • The acquisition of the Walford Creek deposit in 2014 was a major turning point in Aeon’s history. Unlocking the deportment of its mineral resources and the resolution of a processing flowsheet to separate economically the valuable metals from each other into saleable end products were k
Slide 6: Extensive Queensland Tenement Package
Extensive Queensland Tenement Package Walford Creek Project (100%) • World class copper province • >90,000m drilling over past 5 years • ~44Mt polymetallic Mineral Resource underpins development • Significant near resource, fault bound, strike extension • Regional upside with >100km strike of basin
Slide 7: Aeon Metals snapshot
Aeon Metals snapshot CAPITAL STRUCTURE Developing Walford Creek sustainably Cash (30 September 2021) A$6.6 m Share price (10 November 2021) A$0.051 Shares outstanding 867 m High High resource & metal Market capitalisation A$44.7 m renewables utilisation recoveries OCP debt facility (30 September 202
Slide 8: Over 80% of Vardy & Marley Resources in M&I
Over 80% of Vardy & Marley Resources in M&I Vardy/Marley Copper Mineral Resource (April 2021) Category Mt Cu % Pb % Zn % Ag ppm Co % Ni % Pyrite % Measured 6.4 1.17 1.02 0.88 27.9 0.15 0.07 42.8 Indicated 12.2 1.03 1.03 0.66 31.8 0.15 0.07 39.0 Inferred 1.0 1.05 1.13 0.73 36.2 0.14 0.06 41.9 Total 1
Slide 9: Life-of-mine portfolio metal output
Life-of-mine portfolio metal output Copper metal production (kt) Zinc metal production (kt) LOM Cu: 243kt LOM Zn: 278kt 25.0 30.0 Production tonnes (kt) Production tonnes (kt) 20.0 25.0 20.0 15.0 15.0 10.0 10.0 5.0 5.0 0.0 0.0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Y
Slide 10: Underpinned by high value end product mix
Underpinned by high value end product mix Revenue Split by Metal1 (%) Cu Zn Ag Co Ni 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Year 1. Based on spot commodity and FX pricing in Revised Scoping Study release. Refer to Aeon’s ASX release of 30 June 2021 (Walford C
Slide 11: Strong free cash flow generation
Strong free cash flow generation Annual and cumulative cashflow1 (A$m) 2,000 800 LOM cumulative cashflow: A$1.9bn 1,500 600 1,000 400 Cumulative Cashflow (A$m) 269 254 244 249 Annual Cashflow (A$m) 229 223 230 226 214 206 194 199 500 200 99 69 9 - - - (500) (200) (299) (1,000) (400) (1,500) (600) (6
Slide 12: Embracing renewable energy
Embracing renewable energy • Annual mean solar irradiation: ~6kWhr/m2 • Annual mean sunshine: ~10hr/day • Total electricity pricing (estimated capex + opex): − Solar <10c/kWhr − Diesel >25c/kWhr • Potential for >30% of total project electricity demand (54 MW) to be met by solar Refer to Aeon’s ASX r
Slide 13: Proposed project timeline
Proposed project timeline Apr 21 Jul 21 Oct 21 Jan 22 May 22 Aug 22 Nov 22 Environmental Impact Statement Land Access Agreements Prefeasibility Study Exploration Drilling Bulk Sulphide Flotation Optimisation POX Optimisation Mineral Resource Estimates Mine Optimisation Capex & Opex Estimates Economi
Slide 14: Exciting new Walford Creek drill targets
Exciting new Walford Creek drill targets 13
Slide 15: Vardy Deeps – Key Findings 2021
Vardy Deeps – Key Findings 2021 • Vardy Deeps target area − defined using high resolution gravity data collected in Q2 2021 − A dense body is modelled sitting beneath the Vardy mineral resource within the Walford Dolomite. This feature cannot be explained by the currently known stratigraphy in the a
Slide 16: Exciting new Walford Creek drill targets
Exciting new Walford Creek drill targets 1. Amy West Splay • Some of the best copper intersections within the project area are located at the west of the Amy deposit, including drillhole WFDH378 which intersected1 19m at 2.2% CuEq from 274m and 17m at 4.84% CuEq from 296 metres which included 9 metr
Slide 17: Resource Upgrade Potential
Resource Upgrade Potential • Existing exploration target estimate1 for the PY3 mineralised unit around Amy at 2 to 4 Mt @ 1.1 – 1.5% Cu, 1.1 – 2.0% Pb, 0.5 – 1.6% Zn, 30 – 60 ppm Ag and 0.11 – 0.2% Co (2 to 4 Mt @ 1.8 – 3.1% CuEq2) • Work has commenced to assess potential for PY1 mineralisation with
Slide 18: The wider basin has more to offer
The wider basin has more to offer Basin Edge Project • Strategic tenement holding in what is a World Class Mineral Province • Under cover and under explored • Walford Creek mineralisation strike extent suggests potential for further large systems along basin margin • Recent research shows the region
Slide 19: Promising IOCG targets on Isa West tenements
Promising IOCG targets on Isa West tenements Isa West IOCG Project • Substantial ground holding of 1,241km² • Three holes drilled in 2020 to test coincident regional magnetic and gravity anomalism with a moderate AEM response • Shallow cover with basement at 100 to 150m • Significant fault architect
Slide 20: Compelling investment rationale
Compelling investment rationale 1 TIER 1 JURISDICTION 2 MINERAL RESOURCE ESTIMATES 3 PRE-FEASIBILITY STUDY Responsibly sourced future Heavily de-risked Mineral PFS expected Q1 CY2022 energy metals from a Tier 1 Resource Estimates: with first production targeted jurisdiction >80% Vardey + Marley in M
Slide 21: Contact
Contact Dr Fred Hess Managing Director and CEO Aeon Metals Limited fred.hess@aeonmetals.com.au +61 7 5574 3830