Aeris Resources Limited · ASX:AIS
Aeris Resources — Diggers and Dealers 2023
31 slides from Aeris Resources's conference presentation, Aug 9, 2023
Slide 1: Diggers and Dealers Presentation
For personal use only Diggers and Dealers Presentation 9 August 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: FY23 was a tough year but we still achieved a lot
FY23 was a tough year but we still achieved a lot and set the Company up to grow • Completed Round Oak Minerals acquisition • Feasibility Study for Stockman progressed For personal use only on 1 July • Updated MRE for Constellation deposit • High-grade Avoca Tank deposit (Tritton) (Tritton) brought
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals miner Mt Colin Mine (100%) For personal use only 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 R
Slide 5: Corporate overview
Corporate overview Board of Directors For personal use only CAPITALISATION Andre Labuschagne Sylvia Wiggins Colin Moorhead Michele Muscillo Robert Millner Executive Chairman Non-Executive Non-Executive Non-Executive Non-Executive Market capitalisation1 $150 million Director Director Director Directo
Slide 6: Sustainability
Sustainability A commitment to transparency, integrity and sustainability For personal use only Water and Carbon and Diversity and Biodiversity and Containment Climate Change Inclusion Land Using resources efficiently in Reducing carbon footprint Building more equal, diverse, Delivering positive wat
Slide 7: NSW Tritton
For personal use only NSW Tritton
Slide 8: Tritton mine (including Budgerygar)
Tritton mine (including Budgerygar) 2 year investment to improve grade For personal use only Budgerygar vent shaft now complete – almost 12 months late due to geotechnical issues Budgerygar production to ramp-up over FY24 Higher grade ore from Budgerygar and Tritton in FY24 Murrawombie Underground S
Slide 9: Avoca Tank mine
Avoca Tank mine Following up high-grade intersections For personal use only 2.5% Cu and 0.8g/t Au ore from Avoca Tank (in production Q4 FY23) – geological model reconciling well to resource Grade control drilling / underground mapping materially improved geological understanding Production to ramp-u
Slide 10: Constellation Deposit
Constellation Deposit Potential future baseload feed for Tritton mill For personal use only Located 45km northeast of the Tritton plant Mineral Resource1 of 6.7Mt at 1.85% Cu and 0.58g/t Au Large, higher grade resource1 from surface and open at depth Drill program to commence Q1 FY24 targeting addit
Slide 11: Exploration opportunities
Exploration opportunities Multiple high conviction targets in highly endowed region For personal use only Over 900kt1 Cu discovered to date, over 80% of which has been south of the Mitchell Highway Exploration focus shifted to underexplored northern tenements with over 100km of favourable stratigrap
Slide 12: Queensland Cracow
For personal use only Queensland Cracow
Slide 13: Near mine exploration
Near mine exploration Small, high-grade resource additions at current mining area (Western Vein Field) For personal use only Mature mining operation centred on the Western Vein Field (WVF) Cracow has a strong history of reserve replacement Potential for small, high-grade extensions to known ore shoo
Slide 14: Golden Plateau
Golden Plateau Potential new mining area For personal use only Historic mining area with potential for future underground operation 62koz Au Mineral Resource1 defined in FY23 Significant potential to add additional Mineral Resources with further drilling Developing exploration decline to improve dri
Slide 15: Southern Vein Field
Southern Vein Field Could be the game-changer for Cracow For personal use only Approx. 2.5Moz gold produced to date from the WVF and 850koz gold from Golden Plateau Structures with the potential to host WVF style ore shoots interpreted under cover in the Southern Vein Field Southern Vein Field has h
Slide 16: Mt Colin North Queensland
Mt Colin For personal use only North Queensland
Slide 17: Nth Qld strategy
Nth Qld strategy Mt Colin Stope Plan Using Mt Colin as springboard for future opportunities in region For personal use only Harvesting cash from Mt Colin mine to fund other group capital developments Toll treatment options with regional mills reduces capital and speeds up development times Large ten
Slide 18: Barbara project
Barbara project Potential follow-on operation to Mt Colin For personal use only Updated resource of 2.2Mt at 2.0% Cu and 0.2g/t Au1 completed Resource remains open down-plunge Feasibility studies to be undertaken in FY24 on a potential underground operation Situated on a mining lease – can be brough
Slide 19: Jaguar Western Australia
Jaguar For personal use only Western Australia
Slide 20: Care and maintenance
Care and maintenance Bentley mine Preserving ~8Mt mineral resource1 for a future expanded operation For personal use only Seismic events last quarter forced a review of safe production rates Operation was also impacted by cost inflation on key consumables and a weaker zinc price Reduction in near-te
Slide 21: Strategic plan
Strategic plan Target 10 year mine plan at ~650kt processing capacity from two or more mines producing at any time For personal use only Mineral Resource1 8Mt @ 1.1% Cu, 5.6% Zn, 1.3g/t Au and 215g/t Ag across 4 deposits: ̶ Bentley ̶ Jaguar ̶ Triumph ̶ Teutonic Bore New Mineral Resource estimate for
Slide 22: Jaguar mine
Jaguar mine Copper dominant restart opportunity For personal use only 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 id
Slide 23: Other regional targets
Other regional targets Tenements well known for base metals prospectivity but also hosts multiple gold targets For personal use only Multiple new base metals VMS targets identified since acquiring in 2022 Tenement package also highly prospective for gold – regional endowment of +25Moz Heather Bore g
Slide 24: Stockman Project Victoria
Stockman Project For personal use only Victoria
Slide 25: Current activities
Current activities High-grade, long life, Zn-Cu-Ag-Au development project For personal use only High grade ore reserve of of 9.6Mt at 2.9% Cu equivalent (recovered)1 PFS completed in 2019 on 10-year operation producing c.30ktpa Cu eq2 from two underground mines and conventional flotation plant Licen
Slide 26: DFS underway
DFS underway For personal use only Process Plant Currawong Wilga 3.3 km 26
Slide 27: Why Aeris
Why Aeris A mid-tier base and precious metals producer For personal use only 3 operations + 1 in care and maintenance 1 long life development project Assets located in Australia Substantial copper dominant metal inventory Excellent platform for growth, Highly prospective for further discoveries 27
Slide 28: Thank You
For personal use only Thank You
Slide 29: Group Ore Reserves
Group Ore Reserves PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL For personal use only % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Proved 450 1.3 0.1 2.8 6 1 40 Probable 3,560 1.4 0.2 5.2 49 28 598 Total 4,010 1.4 0.2 4.9 55 30 638 Cracow Proved 230 3.7 27 Probable 360 3.5 41 To
Slide 30: Group Mineral Resources
Group Mineral Resources PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL For personal use only % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Measured 2,000 1.1 0.1 3 23 6 180 Indicated 11,000 1.4 0.3 4 155 103 1,480 Inferred 12,000 1.7 0.3 4 191 129 1,330 Total 25,000 1.5 0.3 4 369 2
Slide 31: Copper equivalent calculation
Copper equivalent calculation RECOVERED CUEQ METAL PRODUCED For personal use only (Recovered Cu Metal t ×Cu Price $/t) +(Recovered Zn Metal t ×Zn Price $/t) +(Recovered Au Metal oz ×Au Price $/oz) +(Recovered Ag Metal oz ×Ag Price $/oz) CuEq Metal Recovered t = Cu Price $/t Where each Recovered Meta