Atalaya Mining Copper Sa · LSE:ATYM
Atalaya Mining Copper Sa — Shareholder Meeting (June 2025)
41 slides from Atalaya Mining Copper Sa's shareholder meeting presentation, Jun 24, 2025
Slide 1: European copper producer with operations in Spain
European copper producer with operations in Spain 2025 Annual General Meeting 24 June 2025
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by Atalaya Mining (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give
Slide 3: Disclaimer: Technical Disclosure
Disclaimer: Technical Disclosure Technical Disclosure – Proyecto Riotinto Unless otherwise noted, all scientific and technical information relating to Proyecto Riotinto is based on and derived from a Competent Persons Report (CPR) entitled “An Independent Competent Persons Report on the Mineral Asse
Slide 4: Today's Presenters
Today’s Presenters NG AL Neil Alberto Gregson Lavandeira Non-Executive Chair Chief Executive Officer Director 4
Slide 5: AGM Agenda
AGM Agenda ▪ Chair’s Introduction ▪ Directors present ▪ Withdrawal of resolution 13b ▪ Poll voting ▪ Proxy votes cast ▪ Notice of meeting ▪ Questions on the formal AGM business ▪ Consent of meeting to take text of resolutions as read ▪ Consent of meeting to read out only percentage of votes in favou
Slide 6: AGM Resolutions: 2024 Annual Report & Financial Statements
AGM Resolutions Resolution 1: Approve 2024 Annual Report & Financial Statements For Against Abstain 59,812,968 97.93% 0 0.00% 1,263,586 2.07% 6
Slide 7: AGM Resolutions: 2024 Sustainability Report
AGM Resolutions Resolution 2: Approve of 2024 Sustainability Report For Against Abstain 59,880,919 98.04% 584 0.00% 1,195,051 1.96% 7
Slide 8: AGM Resolutions: Corporate management actions
AGM Resolutions Resolution 3: Approve corporate management actions during 2024 For Against Abstain 59,620,357 97.62% 0 0.00% 1,456,197 2.38% 8
Slide 9: AGM Resolutions: Allocation of results and dividend
AGM Resolutions Resolution 4: Approve allocation of results and dividend For Against Abstain 59,881,503 98.04% 0 0.00% 1,195,051 1.96% 9
Slide 10: AGM Resolutions: Re-elect Jesús Fernández Lopez
AGM Resolutions Resolution 5a: Re-elect Jesús Fernández Lopez as a Director For Against Abstain 43,765,227 71.66% 11,153,917 18.26% 6,157,410 10.08% 10
Slide 11: AGM Resolutions: Re-elect Neil Dean Gregson
AGM Resolutions Resolution 5b: Re-elect Neil Dean Gregson as a Director For Against Abstain 57,202,855 93.66% 2,678,648 4.39% 1,195,051 1.96% 11
Slide 12: AGM Resolutions: Re-elect Alberto Arsenio Lavandeira Adán
AGM Resolutions Resolution 5c: Re-elect Alberto Arsenio Lavandeira Adán as a Director For Against Abstain 58,474,855 95.74% 1,406,648 2.30% 1,195,051 1.96% 12
Slide 13: AGM Resolutions: Re-elect Kate Jane Richards
AGM Resolutions Resolution 5d: Re-elect Kate Jane Richards as a Director For Against Abstain 57,233,931 93.71% 2,647,572 4.33% 1,195,051 1.96% 13
Slide 14: AGM Resolutions: Re-elect Stephen Victor Scott
AGM Resolutions Resolution 5e: Re-elect Stephen Victor Scott as a Director For Against Abstain 56,274,636 92.14% 3,606,867 5.91% 1,195,051 1.96% 14
Slide 15: AGM Resolutions: Re-elect Carole Whittall
AGM Resolutions Resolution 5f: Re-elect Carole Whittall as a Director For Against Abstain 59,788,812 97.89% 92,691 0.15% 1,195,051 1.96% 15
Slide 16: AGM Resolutions: Elect María Del Coriseo González-Izquierdo Revilla
AGM Resolutions Resolution 5g: Elect María Del Coriseo González-Izquierdo Revilla as a Director For Against Abstain 59,881,493 98.04% 10 0.00% 1,195,051 1.96% 16
Slide 17: AGM Resolutions: Directors' remuneration report
AGM Resolutions Resolution 6: Approve the Directors’ remuneration report For Against Abstain 44,052,755 72.13% 15,828,748 25.92% 1,195,051 1.96% 17
Slide 18: AGM Resolutions: Directors' remuneration policy
AGM Resolutions Resolution 7: Approve the Directors’ remuneration policy For Against Abstain 58,847,320 96.35% 1,034,183 1.69% 1,195,051 1.96% 18
Slide 19: AGM Resolutions: Long-term incentive plan and share allotment
AGM Resolutions Resolution 8: Ratify current long-term incentive plan and approve allotment of shares to satisfy share awards during 2025 For Against Abstain 45,014,470 73.70% 14,867,033 24.34% 1,195,051 1.96% 19
Slide 20: AGM Resolutions: Transitional share award to Managing Director
AGM Resolutions Resolution 9: Approve transitional share award to the Managing Director For Against Abstain 43,444,412 71.13% 16,437,091 26.91% 1,195,051 1.96% 20
Slide 21: AGM Resolutions: Purchase of own shares
AGM Resolutions Resolution 10: Authorise purchase of own shares For Against Abstain 59,860,547 98.01% 0 0.00% 1,216,007 1.99% 21
Slide 22: AGM Resolutions: Increase of authorised share capital
AGM Resolutions Resolution 11: Approve increase of authorised share capital For Against Abstain 53,358,749 87.36% 6,522,754 10.68% 1,195,051 1.96% 22
Slide 23: AGM Resolutions: Issue of equity or equity-linked securities
AGM Resolutions Resolution 12: Authorise issue of equity or equity-linked securities For Against Abstain 53,450,830 87.51% 6,430,673 10.53% 1,195,051 1.96% 23
Slide 24: AGM Resolutions: Disapplication of pre-emption rights
AGM Resolutions Resolution 13a: Authorise disapplication of pre-emption rights up to 10% without restriction For Against Abstain 59,849,817 97.99% 31,686 0.05% 1,195,051 1.96% 24
Slide 25: AGM Resolutions: Addition of Regulation 12.6
AGM Resolutions Resolution 14: Approve addition of Regulation 12.6 of the Articles of Association For Against Abstain 59,880,893 98.04% 610 0.00% 1,195,051 1.96% 25
Slide 26: AGM Resolutions: Addition of Regulation BIS
AGM Resolutions Resolution 15: Approve addition of Regulation 10 BIS of the Articles of Association For Against Abstain 59,880,893 98.04% 610 0.00% 1,195,051 1.96% 26
Slide 27: AGM Resolutions: Reduction in notice period
AGM Resolutions Resolution 16: Approve reduction in notice period for General Shareholder Meetings For Against Abstain 59,027,154 96.64% 854,349 1.40% 1,195,051 1.96% 27
Slide 28: AGM Resolutions: Delegation of powers
AGM Resolutions Resolution 17: Approve delegation of powers For Against Abstain 59,880,903 98.04% 600 0.00% 1,195,051 1.96% 28
Slide 29: AGM Resolutions: Approve the minutes
AGM Resolutions Resolution 18: Approve the minutes of the meeting For Against Abstain 59,881,503 98.04% 0 0.00% 1,195,051 1.96% 29
Slide 30: AGM Conclusion of Formal Business
AGM Conclusion of Formal Business ▪ Chair’s concluding remarks ▪ Thanks to Hussein Barma for his service ▪ Conclusion of formal business of AGM 30
Slide 31: 2025 AGM Presentation
ATALAYA MINING > 2025 AGM Presentation
Slide 32: 2024 Accomplishments
2024 Accomplishments Transition year laid the foundation for a catalyst-rich 2025 Operations & Financial Assets ▪ San Dionisio: Permitting and waste stripping Production: Ore processed: continued; 13.4 Mt of material mined in FY2024 46,227 tonnes Cu 15.9 Mt ▪ Touro: Declared a strategic industrial p
Slide 33: Q1 2025 Operating & Financial Results
Q1 2025 Operating & Financial Results Strong start to 2025, including highest quarterly EBITDA in Atalaya history Ore Throughput (Mt) Revenues (€m) Copper Recovery EBITDA (€m) Copper Production (kt) Net Cash / (Debt) (€m)(1) 1. Astor Deferred Consideration shown as debt prior to Mar-2021 33
Slide 34: San Dionisio
San Dionisio Granted environmental approval; expected to contribute higher-grade material May 2025 Copper Resource Grade (M&I) 34
Slide 35: Highway Relocation Progress
Highway Relocation Progress Development progress continues 35
Slide 36: E-LIX Phase I Plant
E-LIX Phase I Plant Ramp-up continues, with novel leaching section performing well Illustrative Recoveries 36
Slide 37: PMV: Access Ramp
PMV: Access Ramp Ramp works to begin in coming months; initial focus on high grade copper zone Wireframes of Mineralised Zones Planned Ramp Access for MV and MJ 37
Slide 38: Touro: Positive Attributes
Touro: Positive Attributes Low capital intensity and good ore characteristics to drive strong economics Touro(1) Riotinto Copper Production ktpa ~30 50+ Initial Capex US$m $250 – 300 Capex Intensity US$/t produced <$10,000 Strip Ratio w:o ~2.0 ~2.2 Copper Grade ~0.42% 0.37% Copper Recovery ~90% ~85%
Slide 39: Illustrative Production Potential
Illustrative Production Potential Growth driven by higher grades at Riotinto and potential Touro development Copper Equivalent Production (kt)(1)(2) 1. Recovered metal in concentrate. 2. Copper Equivalent production is calculated from results presented in the 2023 Riotinto PEA and based on $3.50/lb
Slide 40: Question & Answer Session
Question & Answer Session
Slide 41: Atalaya Mining Copper, S.A. Investor Relations
Contacts: Atalaya Mining Copper, S.A. Alberto Lavandeira, CEO +34 959 59 28 50 info@atalayamining.com Investor Relations Michael Rechsteiner michael.rechsteiner@atalayamining.com
Atalaya Mining Copper — Shareholder Meeting (June 2025) on 6ix