Aeris Resources Limited · ASX:AIS
Aeris Resources — Shareholder Meeting (November 2022)
34 slides from Aeris Resources's shareholder meeting presentation, Nov 23, 2022
Slide 1: 2022 AGM Presentation
For personal use only 2022 AGM Presentation 23 November 2022 Presented by: Andre Labuschagne Aeris Resources Limited
Slide 2: Disclaimer
Disclaimer For personal use only This investor presentation is dated 23 November 2022 and has been prepared by Aeris Resources Limited (“Aeris” or the “Company”). By attending an investor presentation or briefing, or accepting, accessing or reviewing this presentation, you acknowledge and agree to t
Slide 3: Disclaimer: Production Targets Cautionary Statement
Disclaimer For personal use only Production Targets Cautionary Statement The Ore Reserve and Mineral Resource estimates underpinning the Stockman and Tritton Production Targets (refer to slides 12 and 28) were prepared by a Competent Person in accordance with the JORC Code 2012. The material assumpt
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier base and precious metals producer For personal use only 4 producing operations 1 long life development project Resources of 780kt Cu, 993kt Zn, 1.4Moz Au1 FY23 production of 57 – 71kt Cu equivalent2 Strong long-term exposure to copper Excellent platform for growth
Slide 5: Corporate overview
Corporate overview Robust balance sheet and supportive shareholder base For personal use only Capitalisation Shareholders3 Market capitalisation1 $352 million Cash2 $52 million Debt2 - 30% Enterprise value $300 million 45% Broker coverage 20% 5% WHSP Australian Institutions Foreign Institutions Reta
Slide 6: Highly experienced board and management
Highly experienced board and management For personal use only Board of Directors Andre Labuschagne – Executive Chairman Sylvia Wiggins – Non-Executive Director Robert Millner – Non-Executive Director Experienced mining executive with a career A senior executive and investment banker with a Chairman
Slide 7: Highlights for FY22
Highlights for FY22 For personal use only 18,581t copper 53,920oz gold $93 million $138 million AISC of $5.10/lb AISC of $1,911/oz Net cash flow from Net cash balance operating activities 30 June 2022 Growth: $86 million $6 million Maiden Mineral Resource for Constellation (Tritton) EBITDA Net pro
Slide 8: Round Oak Acquisition
Round Oak Acquisition Integration completed and delivering to guidance For personal use only Consistent with stated strategy to acquire advanced base metals assets in Australia 1 “On strategy” for Aeris Upgrades asset portfolio quality and provides multiple opportunities for further value add
Slide 9: Sustainability
Sustainability Commitment to transparency, integrity and sustainability For personal use only Water and Carbon and Diversity and Biodiversity and Containment Climate Change Inclusion Land Using resources Reducing carbon Building more equal, Planning and delivering efficiently in water, footprint and
Slide 10: Track record of growing reserve base and mine lives
Track record of growing reserve base and mine lives For personal use only FY 23 FY 24 FY 25 FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32 FY 33 FY 34 • Multiple assets with proven track record of mine life extensions including two long life assets 1 Tritton 8 year mine life 2 Cracow 4 year mine life 3 J
Slide 11: Tritton Operations
For personal use only Tritton Operations 11
Slide 12: Tritton - growth projects
Tritton - growth projects Improving ore grades and extending mine life For personal use only Avoca Tank Displacing 1.1% Cu from Tritton deeps with: Tritton and Budgerygar • 1.8% Cu ore from Budgerygar (in production)1 • 2.5% Cu and 0.8g/t Au ore from Avoca Tank (in production Q4 FY23)1 • Extending T
Slide 13: Constellation deposit
Constellation deposit New potential mine For personal use only • Located 45km northeast of the Tritton plant • Mineral Resource1 of 6.7Mt at 1.85% Cu and 0.58g/t Au ‒ Containing 123kt copper and 125koz gold ‒ Approximately 3.1Mt of oxide, supergene and primary mineralisation is open pittable • Resou
Slide 14: Tritton exploration pipeline
Tritton exploration pipeline Focus to the north For personal use only • Highly endowed region and 2,330km2 tenement package • 750kt copper already discovered and produced from deposits south of the Mitchell Highway • Constellation discovered in 2019 – looking for repeats • EM survey completed on nor
Slide 15: Cracow Operations
For personal use only Cracow Operations 15
Slide 16: Cracow
Cracow High-grade gold mine with long history of reserve replacement For personal use only Mature operation with high quality infrastructure Declining grades in the Western Vein Field Reinvesting cash flows in exploration Golden Plateau is high priority target Southern Vein Field underexpl
Slide 17: Cracow growth projects
Cracow growth projects Golden Plateau – potential new ore source For personal use only • Located only 1km from the Cracow mill • Crosscutting structures host high-grade mineralisation away from the historic mining footprint • Current drilling is targeting 5 priority lodes • Recent drill intersection
Slide 18: Jaguar Operations
For personal use only Jaguar Operations 18
Slide 19: Jaguar
Jaguar Consistent, polymetallic underground mine For personal use only Investing to extend Bentley operations at depth New Turbo lens discovered in 2021 to extend Bentley mine life Other high grade exploration targets at depth at Bentley Investigating potential at the closed Jaguar copper-zi
Slide 20: Jaguar growth projects
Jaguar growth projects Significant resource growth potential at depth For personal use only • Bentley deposit open along strike and down plunge • Turbo lens resource increased to 1.26Mt with drilling outside the resource envelop demonstrating potential for further extensions • Java Deeps target has
Slide 21: North Queensland Operations
For personal use only North Queensland Operations 21
Slide 22: North Queensland
North Queensland Cash generative copper-gold mine and large exploration portfolio For personal use only Harvesting cash from Mt Colin mine to fund other group capital developments Potential underground operation at Barbara Large tenement package in highly prospective region to be explored St
Slide 23: North Queensland growth projects
North Queensland growth projects Near-term potential at Barbara and large regional portfolio For personal use only Barbara • Open pit mining finished in Dec 2020 • Mineralisation extends below current pit and is open at depth • Mining study on a potential underground operation of similar scale to Mt
Slide 24: Stockman Project
For personal use only Stockman Project 24
Slide 25: Stockman
Stockman High-grade, long life, polymetallic development project For personal use only Mining Lease – approved Infrastructure Lease for tailings dam – approved Project work plan – approved High-grade, +10 year Ore Reserve of 9.6Mt at 2.9% CuEq (recovered)1 Significant onsite road infrastru
Slide 26: Stockman Wilga mine targeting ~200ktpa
Stockman Wilga mine targeting ~200ktpa Advanced technical studies For personal use only • Underground mining operations at the Wilga and Currawong deposits targeting 1Mtpa • Conventional flotation plant to produce copper and zinc concentrates with significant precious metals by-products Currawong mi
Slide 27: Stockman: Clear path to development
Stockman Clear path to development For personal use only Indicative Production (kt, CuEq) 1,2 40 • Definitive feasibility study underway and due 35 for completion FY23 30 • Opportunities to extend mine life with Bigfoot and Eureka resources 25 20 • Highly prospective tenements with over 50 drill tar
Slide 28: The future
For personal use only The future 28
Slide 29: FY23 plans – an exciting year ahead!
FY23 plans – an exciting year ahead! For personal use only Tritton Jaguar Stockman • 19- 23 kt Cu • 3 – 5 kt Cu • Complete definitive feasibility study • 5 – 7koz Au • 24 – 29kt Zn • Focus on community engagement and • Emphasis on operational cost control • 5 – 7koz Au securing outstanding secondary
Slide 30: Thank you
Thank you Are there any questions? For personal use only Aeris Resources Limited Level 2, HQ South Tower 520 Wickham Street Fortitude Valley Brisbane QLD, 4006 +61 7 3034 6200 Facebook | facebook.com/aeristritton/ Linkedin | linkedin.com/company/aeris-resources-limited/ info@aerisresources.com.au Pu
Slide 31: Appendix
Aeris Resources For personal use only Appendix
Slide 32: Group Mineral Resources (30 June 2022)
Group Mineral Resources (30 June 2022) For personal use only Grade Contained Metal Project Category Tonnes ('000) % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Measured 2,311 1.2 - 0.1 2.7 27 - 6 201 Indicated 11,252 1.4 - 0.3 4.3 158 - 111 1,564 Inferred 9,334 1.7 - 0.4 4.0 159 - 119 1,
Slide 33: Group Ore Reserves (30 June 2022)
Group Ore Reserves (30 June 2022) For personal use only Grade Contained Metal Project Category Tonnes ('000) % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Proved 1,085 1.2 - 0.1 2.4 13 - 2 84 Probable 3,717 1.4 - 0.3 3.5 53 - 41 420 Total 4,802 1.4 - 0.3 3.3 67 - 43 504 Cracow Proved 199
Slide 34: Copper equivalent calculation
Copper equivalent calculation For personal use only Copper Equivalent Calculation In this presentation, production is presented on a recovered CuEq metal produced basis and AISC costs are presented on a payable CuEq metal Recovery Factors by Operation FY21 FY22 FY23 LOMP sold basis. Recovery Factor
Aeris Resources — Shareholder Meeting (November 2022) on 6ix