Slide 1: European copper producer with operations in Spain
European copper producer with operations in Spain Q3 and YTD 2024 Financial Results 13 November 2024
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by Atalaya Mining Plc (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
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: Q3 and YTD 2024 Financial Results
Q3 and YTD 2024 Financial Results
Slide 5: Review of YTD 2024
Review of YTD 2024 Balance sheet strength provides support for key growth projects ‒ Copper production of 11.9 kt in Q3 2024 and 34.1 kt in YTD 2024 ‒ AISC of $3.39/lb Cu in Q3 2024 and $3.26/lb in YTD 2024 Operating ‒ Absolute costs have been consistent with expectations; unit costs impacted by low
Slide 6: Q3 2024 Production Results
Q3 2024 Production Results Strong plant throughput partly offset lower grades and recoveries Copper production Ore Throughput (Mt) 11,901 tonnes Cu 12,541 tonnes Cu | Q3 2023 Throughput & recoveries 4.3 Mt ore processed 0.33% Cu ore grade Copper Recovery 3.9 Mt | Q3 2023 0.38% | Q3 2023 84.35% Cu re
Slide 7: Q3 2024 Financial Results
Q3 2024 Financial Results Balance sheet strength provides support for key growth projects Income statement highlights Revenues (€m) Revenue: €86.8m Op. costs: €(69.8)m €85.4m | Q3 2023 €(66.3)m | Q3 2023 EBITDA: €17.0m Profits: €1.5m €19.1m | Q3 2023 €11.1m | Q3 2023 Cash flow statement highlights E
Slide 8: YTD 2024 Financial Results
YTD 2024 Financial Results Income statement highlights Revenue: €248.9m Op. costs: €(195.3)m €254.8m | YTD 2023 €(195.5)m | YTD 2023 EBITDA: €53.7m Profits: €17.6m €59.2m | YTD 2023 €31.4m | YTD 2023 Cash flow statement highlights Operating CF: Investing CF: €42.3m €(49.5)m €59.0m | YTD 2023 €(35.6)
Slide 9: Cash Costs & AISC Breakdown
Cash Costs & AISC Breakdown Unit costs were impacted by lower production, but absolute costs were in line $/lb Copper Payable Q3 2024 Q3 2023 YTD 2024 FY2023 ▪ Absolute costs have been Mining 1.18 0.90 1.07 0.86 consistent with Processing 0.99 0.93 0.91 0.89 expectations Other site operating costs 0
Slide 10: AISC Benchmarking
AISC Benchmarking ATYM cost positioning is competitive vs. notable copper producer peers Reported AISC (US$/lb) Atalaya 29Metals Capstone First Quantum Constancia Copper Mountain Candelaria Neves-Corvo Lumwana Zaldívar (Hudbay) (now Hudbay) (Lundin) (Lundin) (Barrick) (Antofagasta / Barrick) Source:
Slide 11: 2024 Guidance: Update
2024 Guidance: Update Minor revisions reflect performance in the YTD Operational Guidance ▪ Production Ore mined Mt 16 ‒ Guidance consistent with disclosure in Q3 2024 Operations Update Waste mined(1) Mt 25 – 30 ▪ Costs ‒ Absolute costs have been Ore processed Mt 15.7 – 16.0 consistent with expectat
Slide 12: Current Activities
ATALAYA MINING > Current Activities
Slide 13: 50 MW Solar Plant
50 MW Solar Plant Now connected; will reduce Atalaya’s carbon footprint and processing costs August 2024 Electricity Sources 13
Slide 14: San Dionisio
San Dionisio Waste stripping continues; permitting progress is consistent with expectations October 2024 Copper Resource Grade (M&I) 14
Slide 15: Proyecto Masa Valverde
Proyecto Masa Valverde Exploration continues ahead of expected start of access ramp development 15
Slide 16: E-LIX Phase I Plant
E-LIX Phase I Plant Commissioning & ramp-up continue; novel leaching section is performing well Copper precipitate Zinc precipitate Copper cathode Zinc cathode Copper pregnant leach solution 16
Slide 17: Proyecto Touro
Proyecto Touro Stakeholder engagement is ongoing following awarding of “strategic” status 17
Slide 18: Proyecto Touro
Proyecto Touro Strong community support for a new sustainable copper mine in Galicia 18
Slide 19: Proyecto Touro
Proyecto Touro Strong support from the local communities 19
Slide 20: Key Activities for 2024
Key Activities for 2024 Main Market: Admitted to trading on 29 April 2024 Re-domiciliation: Preliminary court hearing scheduled for early December E-LIX: Commissioning and ramp-up continues; current focus is on the plant’s conventional areas 50MW solar plant: Now connected to substation; phased ener
Slide 21: Appendix
ATALAYA MINING > Appendix
Slide 22: Atalaya Snapshot
Atalaya Snapshot European copper producer with operations in Spain . Ticker Operations Asset locations ATYM Riotinto District TOURO LSE 15 Mtpa processing plant SPAIN Main Market Cerro Colorado mine MADRID San Dionisio deposit San Antonio deposit OSSA MORENA Capitalisation Proyecto Masa Valverde RIO
Slide 23: Key Information
Key Information Capitalisation Share Price Performance (GBp) Ticker - LSE: Main Market ATYM Share price (08-Nov-24) GBp 366.0 Basic shares m 140.8 Fully-diluted shares m 146.0 Market capitalisation (basic) £m 515 Market capitalisation (basic) US$m $666 Cash (at 30-Sept) €m 76 Debt (at 30-Sept) €m 36
Slide 24: Electricity Prices in Spain
Electricity Prices in Spain Market electricity prices have returned to long-run historical averages Spot Market + Adjustment in Spanish System (€/MWh)(1)(2) 1. Source: OMI, Polo Español S.A. (OMIE), day-ahead operations program 2. Since 15-Jun-2022, includes daily adjustment mechanism related to leg
Slide 25: Reserves and Resources
Reserves and Resources Attributable Grade Contained Metal Contained Metal Asset Ownership Tonnage Cu Zn Pb Au Ag Cu Zn Pb Au Ag CuEq Cu CuEq Notes Mt g/t g/t Mt Mt Mt Moz Moz Mt Mt Mt Cerro Colorado 100% Reserves 132.0 0.37% - - - - 0.5 - - - - 0.5 0.5 0.5 M&I 156.6 0.37% 0.15% 0.03% - - 0.6 0.2 0.0
Slide 26: Senior Management
Senior Management Decades of operations, project development and financial expertise Alberto Lavandeira César Sánchez Enrique Delgado Chief Executive Officer, Director Chief Financial Officer Operations – General Manager, Proyecto Riotinto Over 40 years’ experience Former CFO of companies in Former
Slide 27: Board of Directors
Board of Directors Mining, capital markets, sustainability and finance expertise Non-Executive Over 30 years’ experience investing in mining and oil and gas companies. From 2010-2020, was a Managing Director at J.P. Neil Chair of the Morgan Asset Management. Before that, from 1990-2009, was Head of
Slide 28: Atalaya Mining plc
Contacts: Atalaya Mining plc Alberto Lavandeira, CEO +34 959 59 28 50 info@atalayamining.com