Austral Resources Australia Limited · ASX:AR1
Austral Resources Australia — Resources Rising Stars (June 2022)
23 slides from Austral Resources Australia's conference presentation, Jun 8, 2022
Slide 1: Austral Resources Corporate Presentation
For personal use only AUSTRAL RESOURCES Corporate Presentation ASX:AR1 Dan Jauncey Executive Director June 2022
Slide 2: Disclaimer & Competent Persons Statement
DISCLAIMER & COMPETENT PERSONS STATEMENT Important Notice and Disclaimer Financial Information and Modelling You must read this notice before reading or making any use of this Presentation (defined below) or any information contained in this Presentation. By All amounts in Australian dollars unless
Slide 3: Austral Resources Snapshot
AUSTRAL RESOURCES SNAPSHOT • Mt Kelly SXEW processing facility - 30,000 tpa capacity solvent Infrastructure extraction and electrowinning capacity For personal use only ~AUD$160M • Crushing, agglomeration, and stacking circuit replacement value • 150-man camp facility • Anthill Production - 40,000t
Slide 4: Anthill Copper Mine
ANTHILL COPPER MINE Anthill Progress On-track For personal use only • Refurbishment of crushing infrastructure completed May 2022 • First Anthill ore to plate copper cathode scheduled June 2022 • On target to hit >1,000t annualised production rate of copper cathode from August 2022 • ~9,000t product
Slide 5: Anthill Production Profile
ANTHILL PRODUCTION PROFILE • First copper cathode from Anthill to be plated June 2022 For personal use only • 10,000tpa of cathode production from mid-2022 • Processing facility has 3 x production capacity Thiess mining Anthill east pit 2022/23 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Anthill
Slide 6: Capital Structure
CAPITAL STRUCTURE Capital Structure June 2022 AR1 Key Points For personal use only Stock Ticker AR1 • AR1 market cap ~A$250M Share Price $0.55 • Received Glencore US$15M prepayment facility 18 March 2022, providing a Shares on issue (M) 455.8 crucial cash buffer during production start up Market Cap
Slide 7: Current Site Activity
CURRENT SITE ACTIVITY For personal use only Panoramic View Anthill East Pit, May 2022. Anthill Ore Being Crushed, May 2022. Ore Being Stacked on Heap Leach Pads, June 2022. Copper Cathodes Ready For Shipment, June 2022. 7
Slide 8: AR1 Exploration Upside
For personal use only AR1 Exploration Upside
Slide 9: Exploration Upside
EXPLORATION UPSIDE Simple 4 Phase Exploration And Growth Strategy – Funded By Pre-payment Exploration and For personal use only and Anthill Cashflow development are ANTHILL 2.0 AR1’s future growth • Minimal exploration completed within 10km of Anthill and value drivers OXIDE ORE WITHIN 50KM OF MT KE
Slide 10: Prospect Timeline
PROSPECT TIMELINE 2022 2023 For personal use only June Quarter September Quarter December Quarter March Quarter Prospect review Datbase review and update External consultant review - Structure External consultant review - Geophysics Field mapping Geochemical Sampling 800 samples 2,100 samples 2,100
Slide 11: Phase – Anthill 2.0
PHASE 1 – ANTHILL 2.0 Surrounding Anthill area has the best potential to quickly increase Additional mapping, geochemistry and drilling proposed For personal use only oxide resources. Mt Kelly has the capacity to process more ore Drilling planned for Sept Qtr 2022 1. Start at pit shell boundaries an
Slide 12: Phase – Oxide Exploration to Extend Mine Life
PHASE 2 – OXIDE EXPLORATION TO EXTEND MINE LIFE Current • Exploration tenure of 2,100km2 For personal use only Tenements • 53km2 of Mining Leases covering all operations Reserves & • JORC Oxide Mineral Resource Estimate: 16.7Mt @0.59% Cu (98.7kt Resources contained Cu, including Anthill Reserve) • >
Slide 13: Near Term Drill Targets
NEAR TERM DRILL TARGETS Current focus on McLeod Hill, Dividend, Drifter and Lady Colleen: For personal use only • Mcleod Hill. 1.42Mt @ 0.49% JORC Mineral Resource Estimate. Open to the south (Undrilled) 2,000m initial RC drilling • Dividend. Large 0.5% Cu geochemical anomaly close to plant. 2,000m
Slide 14: Dividend Prospect – Oxide Copper
DIVIDEND PROSPECT – OXIDE COPPER Potential as a near-plant oxide ore source: For personal use only • Historic surface copper geochemical anomaly • 3,000m Drill programme to see if coherent, low DVDC0011 grade, low strip ratio mineralisation can be defined. • Review copper and gold mineralisation • D
Slide 15: Phase – Sulphide Exploration Upside Potential
PHASE 3 – SULPHIDE EXPLORATION UPSIDE POTENTIAL SULPHIDE RESOURCE POTENTIAL For personal use only • 330kt of contained copper in current sulphide and transitional copper in current JORC Mineral Resource Estimate • Sulphide mineralisation beneath existing open pits could be extended by further drilli
Slide 16: Lady Colleen Sulphide Resource – Our Next Mine?
LADY COLLEEN SULPHIDE RESOURCE – OUR NEXT MINE? Potential to define a high-grade portion of 5.6Mt @ 0.89% Cu Sulphide JORC Mineral Resource For personal use only Estimate • Current sulphide resource being re-processed with a higher cut-off grade to determine tonnage >2% Cu • Drilling to: • Infill th
Slide 17: Sulphide Resources
SULPHIDE RESOURCES Austral has 212,000t of contained copper as a JORC Mineral Resource Estimate in primary For personal use only sulphide ore • Most sulphides located underneath mined out oxide pit at Flying Horse • Lady Colleen sulphide resource has not been mined • Simple process to increase sulph
Slide 18: Phase - JVs and Transactions
PHASE 4 - JVs AND TRANSACTIONS Austral has received expressions of interest For personal use only to JV/sell portions of its 2,100km2 tenement holdings from large and junior companies This is validation of AR1’s tenure potential Reviewing opportunities to monetise ‘stranded’ oxide copper resources i
Slide 19: Glencore (MIM) Joint Venture
GLENCORE (MIM) JOINT VENTURE A value generating exploration JV for Austral For personal use only and Glencore - the World’s largest commodity trader This is VALIDATION of AR1’s tenure prospectivity Superb potential to unlock the next major sulphide discovery in the district. MIM spending $6.3M to ea
Slide 20: Investment Highlights – Booth #40
INVESTMENT HIGHLIGHTS – BOOTH #40 “Austral Resources is strategically positioned as a producing, pure play Copper Company in a tier 1 jurisdiction” For personal use only • First Anthill ore delivered to plant in March. At 10,000tpa planned cathode In Production, production, Austral generates ~AUD$14
Slide 21: Contacts
For personal use only CONTACTS Dan Jauncey Executive Director dan@australres.com +61 427 199 621 www.australres.com Level 9, 60 Edwards Street Brisbane 4000 07 3520 2500
Slide 22: Mineral Resource & Ore Reserves
MINERAL RESOURCE & ORE RESERVES* In total Austral holds 15 Mining Leases and 33 Exploration Permits. Mineral Resources, Ore Reserves and all mining and processing infrastructure are located on the Mining Leases. For personal use only Tonnes Cu Ca Mg • Global JORC compliant Mineral Resource Estimate
Slide 23: JORC Mineral Resource Estimated by Deposit
JORC MINERAL RESOURCE ESTIMATED BY DEPOSIT Measured Indicated Inferred Total Deposit Material Type Mt Cu% Ca%* Mg%* Mt Cu% Ca%* Mg%* Mt Cu% Ca%* Mg%* Mt Cu% Ca%* Mg%* Oxide 2.70 0.77 0.3 0.2 6.10 0.71 0.3 0.3 0.10 0.37 0.3 0.3 8.90 0.73 0.3 0.3 For personal use only Transition 0.30 0.90 5.8 3.3 1.80
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