Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Investor Presentation (October 2018)
34 slides from Aurelia Metals's investor presentation, Oct 25, 2018
Slide 1: Building the Next Mid-Tier Gold and Base Metals Producer
ASX Code: AMI Building the Next Mid-Tier Gold and Base Metals Producer • Can we get access to some images of Peak to use on the cover here? General Investor Presentation October 2018 Jim Simpson, Managing Director & CEO
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation has been prepared by Aurelia Metals Limited (“AMI” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those
Slide 3: Corporate Information
ASX code AMI • Corporate Information Shares on issue 865,879,333 Issued Capital – unlisted perf. Rights 6.57M Market Capitalisation $632M / 73c Non – Executive Cobb Johnstone Major Shareholders Aus Super 6.4% Chairman Eley Griffiths 5.7% Tribeca 5.5% Managing Director & Jim Simpson Glencore 5.4% Chi
Slide 4: Company Highlights
Company Highlights Hera operating at +450ktpa improving recoveries and reducing site costs North Pod and Far West Deeps now in production. Net cash position of $83M (30 Sept 18) Integration of Peak continuing with move to a mining contractor. Lead/Zinc upgrade at Peak underway Board appr
Slide 5: Key Assets – Located in the productive Cobar Region
Key Assets – Located in the productive Cobar Region Bourke Endeavour Zn/Pb/Ag (CBH-Toho) Australia CSA Cu (Glencore) NSW Nyngan Cobar Peak Au/Cu/Pb/Zn Cobar Nymagee Cu Project Basin Hera Au/Pb/Zn Mine Wonawinta Ag Mallee Bull Cu/Pb/Zn Project (Peel/CBH) Newcastle ORANGE Parkes Southern Nights (Peel)
Slide 6: Aurelia growing in the Cobar Basin
Aurelia growing in the Cobar Basin Regional Regional consolidation in the polymetallic Cobar Aurelia with a dominant landholding in a highly Foothold Basin with two major processing plants endowed mineral province Pb/Zn upgrade at Peak and Cu circuit to be installed Upgrading at Hera. Ability to pro
Slide 7: Peak Mines - A 10km Corridor of High Grade Mines
Peak Mines - A 10km Corridor of High Grade Mines • Mining from two underground mines currently: I. Southern Corridor - Perseverance/Chronos II. Northern Corridor – Jubilee and Great Cobar Project • Mining Inventory indicating potential for a 10 year mine life 7
Slide 8: Hera - North Pod ready to be mined
Hera - North Pod ready to be mined 500 m below surface 8
Slide 9: AMI Resources
AMI Resources Tonnes NSR Au Pb Zn Ag Cu Hera Resource Estimate (kt) (A$/t) (g/t) (%) (%) (g/t) (%) Measured 1007 248 2.6 2.7 4.2 20 N/A Indicated 951 228 2.7 2.1 3.2 17 N/A Inferred 558 239 1.7 3.5 4.7 51 N/A Total 2,516 238 2.44 2.65 3.93 25.7 N/A Tonnes NSR Au Pb Zn Ag Cu Nymagee Resource Estimate
Slide 10: AMI Reserves
AMI Reserves Tonnes NSR Au Pb Zn Ag Cu Hera Reserve Estimate (kt) (A$/t) (g/t) (%) (%) (g/t) (%) Total 1,117 256 3.05 2.84 4.36 22.7 N/A Peak (Au/Cu/Pb) Reserve Estimate Tonnes NSR Au Pb Zn Ag Cu (kt) (A$/t) (g/t) (%) (%) (g/t) (%) Proven 290 185 1.67 0.1 N/A 1.67 1.77 Probable 1,753 268 3.78 0.75 N
Slide 11: AMI Mining Inventory – Long Term View
AMI Mining Inventory – Long Term View Tonnes NSR Au Pb Zn Ag Cu Hera (kt) (A$/t) (g/t) (%) (%) (g/t) (%) Reserves 1,117 256 3.05 2.84 4.36 22.7 N/A Mining Inventory 345 265 1.82 4.21 5.62 62.1 N/A Total 1,463 258 2.76 3.16 4.65 32.0 N/A Tonnes NSR Au Pb Zn Ag Cu Nymagee (kt) (A$/t) (g/t) (%) (%) (g/
Slide 12: Chronos Mining Inventory
Chronos Mining Inventory CHRONOS MINING INVENTORY Chronos Au/Cu/Pb Class Tonnes NSR Au Ag Cu Pb Zn Lode (kt) ($/t) (g/t) (g/t) (%) (%) (%) Reserves 128 987 16.6 49.4 0.47 8.29 N/A Chronos Au/Pb Inventory 18 743 12.8 33.6 0.15 6.83 N/A Total 146 957 16.1 47.5 0.43 8.11 N/A Chronos Pb/Zn Lode Class To
Slide 13: Growing Company Profile
Growing Company Profile Exploration - Peak Chronos Extensions, Chronos Pb/Zn Peak Deeps Jubilee Extensions, Dapville Great Cobar Exploration - Hera Hera – Exploration Budget for 2018/19 Juno, Hebe, Zeus, Athena, Dominion, Federation Nymagee Extensions Projects – 2019 Pb/Zn Upgrade at Peak Great Coba
Slide 14: Strong Balance Sheet
Strong Balance Sheet • No debt • Net cash position $83M (30 Sept 2018) • Equity raised in Dec 17 ($21M) and Mar 18 Quarters ($65M) • Peak purchased completed in Jun 18 Quarter (net $59M) 14
Slide 15: AISC Margin
AISC Margin • Increased gold volume • Very strong margin maintained 15
Slide 16: Key Focus – Deliver strong cash margin
Key Focus – Deliver strong cash margin AISC Margin FY18 1400 1200 1000 800 600 400 200 0 AMI EVN SBM RRL OGC ALK NST IGO NCM PNR RMS SAR DRM SLR RSG PRU MOY WGX BDR RED BLK 16
Slide 17: Key Focus – Deliver strong cash margin
Key Focus – Deliver strong cash margin FCF/oz FY18 800 600 400 200 0 AMI EVN OGC IGO ALK RRL NCM SBM SLR SAR NST DRM PNR RMS MOY PRU BLK RED BDR WGX RSG -200 -400 -600 -800 -1000 17
Slide 18: Group Gold Production
Group Gold Production auretia ‘= Aurelia Metals Limited oz . Qtly Gold Production 60,000 54,746 50,000 +— @ Peak Gold Production @ Hera Gold Production 40,000 35,499 30,000 20,000 16,991 14,527 11,111 10,000 + 114,527 | 0 + Sep 17 Qtr Dec 17 Qtr Mar 18 Qtr Jun 18 Qtr Sep 18 Qtr 18
Slide 19: Group Metal Production
Group Metal Production • Increased Lead recovery at Peak from 73% to 85%. • Higher Lead grades at Peak from 1.5% to 3.0%. 19
Slide 20: Hera – Delivering strong operating performance
Hera – Delivering strong operating performance • Record throughput in Sept 18 Quarter. • Reduced capital development. 20
Slide 21: Peak – Turnaround continuing
Peak – Turnaround continuing • Focus on reducing operating costs. • Increasing development and diamond drilling. 21
Slide 22: Peak Mines - Southern Mine Corridor
Peak Mines - Southern Mine Corridor Perseverance/Chronos Development Peak Development 22
Slide 23: Peak Mines - Northern Mine Corridor
Peak Mines - Northern Mine Corridor 23
Slide 24: Peak Mines – Great Cobar Exploration Decline and Drilling
Peak Mines – Great Cobar Exploration Decline and Drilling 24
Slide 25: Project Development - Great Cobar Exploration Decline
Project Development - Great Cobar Exploration Decline Legend Rsource Shapes Historic Workings Planned Development PGM drill intercept CM drill intercept Mineralisation trend Historic Historic Lens Design Working s 7.6M @ 1.60 % Cu 9M @ 1.77 % Cu Exploration Potential 4M @ 1.81 % Cu Possible ore lens
Slide 26: Exploration Hera/Nymagee Region
Exploration Hera/Nymagee Region Mine Corridor Hera-Nymagee corridor remains highly prospective The Hera & Nymagee deposits are both marked by prominent gravity highs Several gravity targets have been defined along 20 km of strike Exploration of corridor proposed for FY19 26
Slide 27: Key Focus – Deliver growth in mine life (Nymagee)
Key Focus – Deliver growth in mine life (Nymagee) Nymagee Long Section Nymagee Cu/Pb/Zn Pre-Feasibility work underway with environmental and metallurgical studies. Exploration potential at depth Detail on the Nymagee Resource can be found in the Company’s 2016 Annual Report 27
Slide 28: Nymagee Project
Nymagee Project Scoping Study Key Findings 3.5 to 4 Years Mine Life This provides a total project life of 8-9 years including Hera 1.38 Mt at 2.2% Cu, 1.6% Pb, 3.2% Zn Production Target (NSR A$190/t-A$210/t) NSR Value Scoping Study metal prices of US$5,800 Cu, US$2,350 Pb and US$2,850 Zn, FX 0.76) O
Slide 29: Exploration Hera – Juno Target
Exploration Hera – Juno Target 29
Slide 30: Juno Target – Cross section
Juno Target – Cross section 30
Slide 31: Dominion Discovery – Extensive oxide mineralisation
Dominion Discovery – Extensive oxide mineralisation Pb Soil Sampling 31
Slide 32: Dominion Discovery – Extensive oxide mineralisation
Dominion Discovery – Extensive oxide mineralisation Cu Soil Sampling 32
Slide 33: Dominion Discovery – Extensive oxide mineralisation
Dominion Discovery – Extensive oxide mineralisation Dominion Plan and X-Section Dominion Drilling Plan Further step out drilling of the soil anomalies. Diamond drilling to ascertain structural controls 33
Slide 34: Dominion Discovery – Extensive oxide mineralisation
Dominion Discovery – Extensive oxide mineralisation Dominion X-Section 34
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