Asiamet Resources Limited · LSE:ARS
Asiamet Resources — Investor Presentation (July 2023)
22 slides from Asiamet Resources's investor presentation, July 2023
Slide 1: Copper to Power Asia's Energy Transition
COPPER TO POWER ASIA’S ENERGY TRANSITION BUILD READY PROJECT + EXCITING GROWTH PIPELINE Perfectly timed to meet rising demand JULY 2023 AIM : ARS | www.asiametresources.com
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The information contained in this confidential document (the “Presentation”) has been This presentation contains “forward-looking statements” including but not limited prepared by Asiamet Resources Limited (the “Company” or "Asiamet") solely for to, statements with respect
Slide 3: Company Overview
COMPANY OVERVIEW Quality Assets with the right metals at the right time HIGH QUALITY COMPELLING VALUE PROVEN TEAM PORTFOLIO BIG GROWTH Rare portfolio of base and JORC (2012) Resources Internationally recognised precious metal projects with contain 2.9Mt Cu, 2.1Moz team with proven track district sca
Slide 4: Corporate Profile
CORPORATE PROFILE Energy transition metals SHARE PRICE MARKET CAPITALISATION CASH Path to production £27.5m US$5.18m Indonesia – right place, 1.26p $33.0m Million right time Direct presence in Share price 10/07/23 2,187.1 million shares on issue No Corporate Debt Indonesia Cash (as at 31 Dec 2022) L
Slide 5: Copper in the Global Context
COPPER IN THE GLOBAL CONTEXT Growing mismatch between supply and demand Forward outlook for copper is strong Copper Demand Growth for the Energy Transition Mine production moving into structural deficit Inflection point reached 2021 - The tipping point in take-up of EVs Energy transition significant
Slide 6: Copper in the Global Context
COPPER IN THE GLOBAL CONTEXT Growing mismatch between supply and demand Where is new copper supply going to come from? Few new discoveries Timelines to production extending Many factors impacting (capital availability, environmental, social) Bodes well for prolonged period of elevated copper prices
Slide 7: Asiamet Projects Overview
ASIAMET PROJECTS OVERVIEW Beutong IUP (80%) 20yr + 2*10yr Extensions KSK Contract of Work (100%) Resources (JORC 2012) 30yr + 2*10yr Extensions Copper – 2.4Mt (100%) Resources (JORC 2012) Gold – 2.11M Oz (100%) Copper – 473kt Silver – 20.9M Oz (100%) Zinc – 101kt Lead – 40kt Large Porphyry Cu-Au-Mo
Slide 8: BKM Copper Project Physicals and Production Profile
BKM COPPER PROJECT Physicals and Production Profile PROJECT PHYSICALS PRODUCTION PROFILE Item Unit Value 20,000 Mine life (initial) Years 9.2 Copper Cathode Production (tonnes) 16,000 Mining 12,000 Mining method - Open pit Mined ore tonnes Mt 38.4 8,000 Mined waste tonnes Mt 52.5 Strip Ratio Waste:O
Slide 9: BKM Copper Project Feasibility Study: Robust Economics
BKM COPPER PROJECT FEASIBILITY STUDY Robust Economics $162.8m $1.4bn 3.4 yrs NPV8 Initial LOM Payback Period (post tax, excl. closure) Revenues 21.0% $655.3m 9.2 yrs IRR EBITDA (LOM) (post-tax, excl closure) Initial life of Mine $1.91/lb 5.95p Significant C1 Cash Costs Project NPV8 per share Upside
Slide 10: BKM Feasibility Study Key Sensitivities – Copper Price
BKM COPPER PROJECT FEASIBILITY STUDY Key Sensitivities – Copper Price Financial and Economic Metrics – Copper price sensitivity Avg YTD Goldman Sachs Item Unit Base Case Copper Price (1,3) Incentive Pricing (2,3) Copper price US$/lb 3.98 4.06 4.54 Revenue US$m 1,396.6 1,415.0 1,580.5 EBITDA US$m 655
Slide 11: BKM Copper Project Capital Expenditure and Capital Intensity
BKM COPPER PROJECT Capital Expenditure and Capital Intensity Capital Expenditure Capital Intensity $/t Cu 50,000 Item US$m 45,000 Mining Infrastructure 5.4 40,000 35,000 Crushing, Agglomeration and Stacking 19.0 30,000 25,000 Heap-Leach 31.7 20,000 15,000 SX-EW (incl Neutralisation) 27.1 10,000 Proc
Slide 12: BKM Copper Project Next Steps
BKM COPPER PROJECT Next Steps Complete BKM Mining License Permit (PPKH to PAK) aligned with project finance Appointed Grant Samuel as lead Corporate Advisor, Zenith Capital Partners leading engagement into China on BKM project financing opportunities. Appoint lead bank for the senior debt project fi
Slide 13: KSK Long Term Strategy: 35-40ktpa CuEq
KSK LONG TERM STRATEGY: 35-40KTPA CUEQ Three Phase development to reach 35-40ktpa copper equivalent production Phase 1 - BKM Copper Heap Leach SX-EW – Copper Cathode Phase 2 - BKM Copper / Pyrite Concentrate – Copper Cathode (Roaster/Refinery), Sulphuric Acid Potential to deliver 300ktpa Sulphuric A
Slide 14: KSK Long Term Strategy
KSK LONG TERM STRATEGY PHASE 1 – BKM Copper Heap Leach SXEW Heap Leach gets into production of copper cathode – direct sale to international markets Establish infrastructure to support existing and long-term operations. Copper Cathode production 19.6kt in Years 2 and 3, 16ktpa remaining life of mine
Slide 15: Beutong Copper-Gold Project
BEUTONG COPPER-GOLD PROJECT 15
Slide 16: Beutong Copper-Gold Deposit
BEUTONG COPPER - GOLD DEPOSIT Large, High Quality, Globally Significant Beutong Large Cu-Au Resource Expected to Grow Source Companies Websites Note: Selected based on contained copper (Measured and Indicated, inclusive of Reserves and Inferred Resources) 16
Slide 17: Beutong Project — Exciting Cu-Au Discovery
BEUTONG PROJECT — Exciting Cu-Au Discovery High Quality Deposit with Huge Upside Copper Model Large, high quality porphyry Cu-Au-Mo deposit. Measured + Indicated Resources JORC 2012(100%) 1.2BIbs Cu, 0.4Moz Au, 5.7Moz Ag, 20Mlbs Mo * Inferred Resources JORC 2012 (100%) 500mts depth --------- 4.1BIbs
Slide 18: Beutong Project — Infrastructure Advantage
BEUTONG PROJECT — Infrastructure Advantage Road, Power, Port Infrastructure in close proximity Project is well located - within easy access to north- east of the township of Meulaboh, Aceh Access to project site is via partially sealed roads from the regional towns of Meulaboh and Takengon Meulaboh
Slide 19: Asiamet ESG Strategy Framework
ASIAMET ESG STRATEGY FRAMEWORK Asiamet / KSK ESG Development Strategy Securing long-term value for our stakeholders through our Our Vision sustainable business and responsible mining operations. Empowering People Protecting the Planet Creating Prosperity, the Right Way Strategy Upholding our Pillars
Slide 20: Asiamet ESG High Level Action Plan
ASIAMET ESG HIGH LEVEL ACTION PLAN 20
Slide 21: Why Invest in ARS?
WHY INVEST IN ARS? QUALITY ASSETS & PEOPLE VALUE Sustained strong copper demand driven by Asian economic growth, renewable energy infrastructure and EV’s Focussed team with a proven track record - Indonesia, Supply is constrained due to a lack of exploration discovery and discovery, mine development
Slide 22: Contact Information
CONTACT AIM | ARS Darryn McClelland INFORMATION Chief Executive Officer E: darryn.mcclelland@asiametresources.com W: www.asiametresources.com 22
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