Aic Mines Limited · ASX:A1M
Aic Mines — Merger or Acquisition (September 2022)
19 slides from Aic Mines's merger presentation, Sep 19, 2022
Slide 1: Building a new Australian mid-tier copper and gold miner
Building a new Australian mid-tier copper and gold miner through exploration, development and acquisition 19 September 2022
Slide 2: Important information
Important information This presentation has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) to provide summary information about AIC Mines and its activities at the date of this presentation. The information contained in this presentation does not purport to be co
Slide 3: AIC Mines Takeover Offer for Demetallica
AIC Mines Takeover Offer for Demetallica Rationale for the Offer Terms of the Offer1 An off-market takeover offer (the Offer) for all of the shares in A logical combination with a strong strategic rationale. Demetallica Limited. The quickest path to production for the Jericho copper AIC Mine
Slide 4: A substantial and attractive premium
AIC Mines Takeover Offer for Demetallica A substantial and attractive premium Implied Offer Price $0.337 68% 65% 58% 35% $0.250 $0.213 $0.200 $0.204 Implied Offer Price Last Close 15-Day VWAP 30-Day VWAP IPO Price 1. VWAP premiums based on Demetallica closing price of $0.200 on 16 September 2022 (th
Slide 5: Demetallica
Demetallica Demetallica is an ASX-listed exploration company formed via demerger from Minotaur Exploration Limited in January 2022. Commenced trading on the ASX on 26 May 2022 after completing an IPO of 60 million shares at an issue price of $0.25ps to raise $15 million ASX Code DRM Share Price1 $0.
Slide 6: Demetallica
Demetallica Demetallica holds exploration projects in Queensland and South Australia. The main project is the Chimera Project located southeast of Cloncurry and adjacent to AIC Mines’ Eloise copper mine. The Chimera Project covers 2,067km2 and hosts three deposits with published resources1: Jerich
Slide 7: Demetallica: Logical regional consolidation
Demetallica Logical regional consolidation The Chimera Project completely surrounds the Eloise mine. The Jericho deposit is located 4km south of Eloise. It has similar host rocks, alteration and sulphide mineralisation to Eloise meaning: Similar mining method Similar metallurgy Jericho hosts an
Slide 8: Eloise Copper Mine
Eloise Copper Mine AIC Mines’ foundation asset A high-grade underground mine with a 26-year operating history. Reserve grade of 2.3% Cu and 0.6g/t Au – one of the highest-grade copper mines currently operating in Australia. Processing is via conventional crushing, grinding and sulphide flotation w
Slide 9: Eloise and Jericho
Eloise and Jericho Location of AIC Mies’ Eloise Copper Mine and Demetallica’s Jericho Deposit3. Location of AIC Mines’ Eloise Copper Mine and Demetallica’s Jericho Deposit. Logical regional consolidation Combining Eloise and Jericho provides the quickest and most efficient means of developing, minin
Slide 10: People
People Ready to build a new copper mine in North Queensland Consolidating Eloise and Jericho provides the quickest path to production for Jericho so that benefits of employment, commercial opportunities and royalties will flow to local communities more quickly and with greater certainty. We are comm
Slide 11: On strategy
On strategy Building a portfolio of mines through exploration, development and acquisition Logical regional consolidation – Demetallica’s Chimera Project represents a clear and obvious bolt-on acquisition that provides Eloise with mine life, expansion and exploration upside. Jericho deposit locate
Slide 12: Combined company
Combined company A growth-oriented Australian copper mining company Lamil Project Chimera Project Windsor Project All assets located in mining friendly Cloncurry jurisdictions. Pyramid Project Marymia Cannington Cornerstone asset in the Mt Isa – Cloncurry Project Project region, one of the most sign
Slide 13: AIC Mines
AIC Mines An experienced Board and Management team building a new Australian mid-tier ASX Code A1M copper and gold miner through Share Price1 $0.505 exploration, development and acquisition Shares on Issue1 312.3M Market Capitalisation $157.7M Board of Directors Cash2 $28.1M Josef El-Raghy Chairman
Slide 14: Important dates
Important dates Announcement date 19 September 2022 Bidder’s Statement lodged with ASIC and ASX 19 September 2022 Date of Offer (Offer opens) 5 October 2022 Offer closes (unless extended or withdrawn) 7.00pm (Sydney time) on 7 November 2022 These dates may vary as permitted under the Corporations Ac
Slide 15: Investment thesis
Investment thesis Highly credentialed and heavily invested team A new junior copper miner with strong cashflow to add value through exploration success, resource growth, operational reliability and regional consolidation Building a portfolio of Australian copper and gold mines through exploration, d
Slide 16: Appendix
Appendix Eloise overview Mineral Resource and Ore Reserve 16
Slide 17: Eloise Copper Mine
Eloise Copper Mine Overview Location 60km SE of Cloncurry and 155km ESE of Mt Isa Tenements Mining leases covering 505.9 ha Mineralisation Iron Sulphide Copper Gold (ISCG). Mineral Resources 115,000t Cu and 100,100oz Au Ore Reserves 36,000t Cu and 32,600oz Au Since commencement of production in 1996
Slide 18: Eloise Mineral Resource and Ore Reserve
Eloise Mineral Resource and Ore Reserve Eloise Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). Further information is provided in the ASX announcement released by AIC Mines “Increase in Mineral Resources and Ore Reserves at Eloise Copper Mine”
Slide 19: Contact
Contact info@aicmines.com.au A8, 435 Roberts Rd, Subiaco, WA, 6008 www.aicmines.com.au 19