Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Q2 2023 Earnings Presentation
18 slides from Aurelia Metals's earnings presentation, Jan 30, 2023
Slide 1: December Quarterly Update and Outlook
rsonal use only DECEMBER QUARTERLY UPDATE AND OUTLOOK 30 January 2023 ASX Code: AMI
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS AND OUTLOOK QUARTER UPDATE This presentation has been prepared by Aurelia Metals Limited (“AMI” or the By its very nature, production and exploration for gold and base metals is a high rsonal use only “Company”). It should not be considered as an offer or invitation to sub
Slide 3: Operating Results and Outlook
3 OPERATING RESULTS AND OUTLOOK QUARTER UPDATE On-track to achieve guidance with improved H2 cost performance forecast Group Copper Production (kt) rsonal use only Group Gold Production (koz) 90 2.5 September December Group Production FY23 Quarter Quarter 80 and Costs Guidance 2 Actual Actual 70 60
Slide 4: Organisational Renewal Program
4 ORGANISATIONAL RENEWAL PROGRAM AND OUTLOOK QUARTER UPDATE Interim CEO’s Priorities – First 30 Days rsonal use only OPERATIONAL SAFETY FEDERATION DELIVERY AND CASH FEDERATION FUNDING LEADERSHIP RENEWAL OPTIMISATION MANAGEMENT • TRIFR stable at 10.77 • New Hera mine plan • Mine plan and capital • Fu
Slide 5: Strong Results in December
5 Peak Gold Production 6.0 STRONG RESULTS IN DECEMBER 5.0 4.0 koz AND OUTLOOK QUARTER UPDATE 3.0 Improved cost performance expected to continue in H2 2.0 rsonal use only 1.0 All in Sustaining Cost (A$/oz) 4,500 0.0 Jul-2022 Aug-2022 Sep-2022 Oct-2022 Nov-2022 Dec-2022 4,000 3,822 3,500 3,564 3,000 H
Slide 6: Operational Delivery and Cash Management
6 rsonal use only OPERATIONAL DELIVERY AND CASH MANAGEMENT
Slide 7: Safety and Environment
7 SAFETY AND ENVIRONMENT AND OUTLOOK QUARTER UPDATE Steady performance amidst significant organisational change Group Total Recordable Injury Frequency Rate (TRIFR) 12 month moving average 25 rsonal use only • TRIFR remains stable with a slight rise to 10.77 (SepQ: 10.35) 20 15 • Mental health audit
Slide 8: Performance Improvement | Hera
8 PERFORMANCE IMPROVEMENT | HERA Hera Cash Contribution A$M AND OUTLOOK QUARTER UPDATE Higher grades and doubling of gold production 15.0 Net Revenue rsonal use only 10.0 Op Cost • New Life of Mine plan implemented in December 5.0 Sustaining delivers step change in performance and returns Capex A$M
Slide 9: Performance Improvement | Peak
9 PERFORMANCE IMPROVEMENT | PEAK AND OUTLOOK QUARTER UPDATE March quarter to benefit from cost control activities Peak Mining Contractor Monthly Costs (A$M) 7.0 rsonal use only 6.0 • Very strong production and cost performance in 5.0 December 4.0 • Cost optimisation through transition to owner minin
Slide 10: Performance Improvement | Dargues
10 PERFORMANCE IMPROVEMENT | DARGUES AND OUTLOOK QUARTER UPDATE Continues to deliver reliable, consistent performance rsonal use only • Regulatory approval received increasing calendar year processing cap to 415ktpa, allowing an extra Dargues Payable Gold in Concentrate Produced 2kt of ore to be pro
Slide 11: Financial Outcomes
11 FINANCIAL OUTCOMES December quarterly cash waterfall AND OUTLOOK QUARTER UPDATE Sharp focus on cash management rsonal use only • Peak cash flow materially higher with sale of concentrate stocks built up in the prior quarter • Dargues cash flow slightly lower with build up in stockpiles from stron
Slide 12: Unlocking Further Value
12 rsonal use only UNLOCKING FURTHER VALUE
Slide 13: Working Smarter Program
13 WORKING SMARTER PROGRAM AND OUTLOOK QUARTER UPDATE Delivering value rsonal use only • The ‘Working Smarter’ Program was launched during the quarter Value of initiatives against target A$24M target • Program captures improvement ideas from employees across the organisation • Ideas are identified,
Slide 14: Federation Project Workstreams
14 FEDERATION PROJECT WORKSTREAMS AND OUTLOOK QUARTER UPDATE Funding solution and Development Consent tracking well rsonal use only Regulatory Approval • Draft conditions for Development Consent received in December as a precursor for final approval in March quarter • Development Consent now expecte
Slide 15: Exciting Geophysical Results
15 EXCITING GEOPHYSICAL RESULTS AND OUTLOOK QUARTER UPDATE Four Induced Polarisation (IP) survey results materially enhance prospect attractiveness rsonal use only • All four prospects tested – Lancelot, Vaucluse, Piney and Lyell-Burge Trig – contain high chargeability levels, including 90 millivolt
Slide 16: Exposure to Attractive Pricing Environment
16 EXPOSURE TO ATTRACTIVE PRICING ENVIRONMENT AND OUTLOOK QUARTER UPDATE Small hedge position allows opportunity to benefit from favourable commodity prices rsonal use only Gold spot price US$/oz Copper (LME 3-month) price US$/t 2,000 9,500 • Modest gold hedge book 1,950 with 13k ozs hedged at 1,900
Slide 17: Aurelia Snapshot
17 AURELIA SNAPSHOT AND OUTLOOK QUARTER UPDATE rsonal use only Our vision is to be a mining business recognised for creating ASX: AMI exceptional value through our people and a portfolio of gold and base metals assets. Share price (27 January 2023) A$0.145 We value Integrity, Certainty, Courage and
Slide 18: Contact
rsonal use only CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com