Aeris Resources Limited · ASX:AIS
Aeris Resources — Shareholder Meeting (November 2019)
28 slides from Aeris Resources's shareholder meeting presentation, Nov 19, 2019
Slide 1: Correction to ASX announcement - AGM Presentation
For personal use only 19 November 2019 ASX/MEDIA RELEASE AERIS RESOURCES LIMITED (ASX: AIS) CORRECTION TO ASX ANNOUNCMENT DATED 15 NOVEMBER 2019 – “AGM PRESENTATION” Aeris Resources Limited (ASX:AIS) would like to provide an amended version of the announcement released to the ASX on Tuesday 15 Novem
Slide 2: Copper Producer and Explorer - AGM presentation
For personal use only Copper Producer and Explorer AGM presentation 15 November 2019 Presented by: Andre Labuschagne ASX: AIS
Slide 3: Disclaimer
Disclaimer For personal use only This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (Aeris) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of Aeris. Ac
Slide 4: Compliance Statements
Compliance Statements For personal use only Kurrajong Exploration Target Cautionary Statement The presentation includes references to an Initial Exploration Target* that has been established for the Kurrajong deposit. * The potential quantity and grade of the Exploration Target is conceptual in natu
Slide 5: Investment Highlights
Investment Highlights For personal use only Producing Exploring Growing Tritton Copper Ops Tritton Exploration Growing the business • FY20 - 24.5kt Cu • 2,160km2 ground • Like copper – good • 750kt Cu discovered fundamentals • 2 U/G mines • Kurrajong success • Also Gold and other • 1.8Mtpa processin
Slide 6: Corporate Overview
Corporate Overview For personal use only Capital Structure Share Price Performance A$0.30 9.0 Fully diluted shares outstanding 642.5 million A$0.25 7.5 Share price (as at 14 November 2019) $0.06 A$0.20 6.0 Share Price (A$/share) Volume (m) Fully diluted market capitalisation $39m A$0.15 4.5 A$0.10 3
Slide 7: FY2019 in review - another consistent year
FY2019 in review - another consistent year For personal use only • Copper production of 26,852t - Tonnes Tritton Copper Production initial guidance was 24,500t 35,000 30,000 • C1 Cash costs on target at $2.78lb 25,000 20,000 15,000 • Successful $35 million equity raise in 10,000 October 5,000 - 2013
Slide 8: Tritton Copper Operations - A consistent producer with exploration upside
Tritton Copper Operations - For personal use only A consistent producer with exploration upside 7
Slide 9: Established copper mine in highly prospective region
Established copper mine in highly prospective region For personal use only Tritton Copper Operations First production in 2005 with >320kt Cu produced to date Highly endowed tenement package >750kt copper discovered on tenements to date Tritton deposit is a >20Mt copper dominant system Murr
Slide 10: Tritton Copper Operations 4 Year Production Plan with potential to extend mine life
Tritton Copper Operations 4 Year Production Plan with potential to extend mine life For personal use only • Existing Copper Metal Inventory: ― Ore Reserves: 6.7Mt @1.5% Cu1 ― Mineral Resources: 19.8Mt @ 1.5% Cu1 • 4 Year Production Plan2 • Potential to extend mine life: ― Tritton and Murrawombie bro
Slide 11: Brownfields exploration - Tritton and Budgerygar
Tritton Copper Operations Brownfields exploration - Tritton and Budgerygar For personal use only Life of Mine extension opportunities at Tritton: • Tritton at depth • North wing • Corridor between Tritton and Budgerygar • Budgerygar deposit ― Exploration drive from Tritton ― Drill to upgrade Mineral
Slide 12: Brownfields exploration - Murrawombie
Tritton Copper Operations Brownfields exploration - Murrawombie For personal use only • Geologically performing better than expected • Open at depth and to the North • Recent grade control drilling hit good copper intersections outside of current Mineral Resource envelope • Exploration drilling plan
Slide 13: Tritton water update
Tritton water update For personal use only • Level 4 water restrictions apply from 1 November 2020 – Burrendong Dam at 3.5% • Tritten's high security water reduced to 70% (705ML to 480ML)- use around 1100ML pa • Acquired additional 600ML of high security water on market for FY2020 • Company has been
Slide 14: Tritton water update - action plan
Tritton water update For personal use only • Action plan: ― Ongoing water management and water harvesting at site ― Install a spur pipeline connecting to the Nyngan-Cobar water pipeline to access the additional 600ML high security water and next year’s water allocation ― Engaging with all levels of
Slide 15: Greenfields Exploration - The Game Changer
Greenfields Exploration For personal use only The Game Changer Drilling at Kurrajong 14
Slide 16: Tritton Greenfields Exploration - finding new deposits
Tritton Greenfields Exploration – finding new deposits For personal use only • Greenfield exploration strategy is focused on discovering “Tritton-scale” deposits (i.e. +10Mt @ >2% Copper) • Southern half of tenement package highly endowed and producing strong results from drilling at Kurrajong • Nor
Slide 17: Tritton Tenement Package - fertile ground
Tritton Tenement Package – fertile ground For personal use only To be updated Copper discoveries on Tritton tenements % Cu 3.50 3.00 Avoca Tank 2.50 Larsens 2.00 Target Tritton Kurrajong 1.50 North-East Budgerygar Murrawombie 1.00 Budgery 0.50 Hartmans 0.00 0 5,000 10,000 15,000 20,000 25,000 30,000
Slide 18: Exploration success at Kurrajong - upgraded to Exploration Target
Exploration success at Kurrajong - upgraded to Exploration Target1 For personal use only Kurrajong prospect is located 20km east of Tritton processing infrastructure Successful FY19 drilling program - upgraded to an Exploration Target1: ― 3-4mt @1.5% - 2% Cu ― Potential for higher grade core C
Slide 19: Tritton Greenfields Exploration - FY20 focus is on Northern corridor
Tritton Greenfields Exploration – FY20 focus is on Northern corridor For personal use only • Two airborne EM surveys since 2017: – Quick and cost-effective exploration technique – 29 new EM anomalies identified • FY20 Plan: – Ground-based EM surveys to assist with ranking targets 18
Slide 20: Torrens Project Greenfields Exploration (Aeris 70%)
For personal use only Torrens Project Greenfields Exploration (Aeris 70%) The Game Changer Drill platform on Lake Torrens 19
Slide 21: Torrens Project - IOCG target in Gawler Craton (SA)
Torrens Project (AIS 70%) - IOCG target in Gawler Craton (SA) For personal use only • Aeris holds a 70% interest and is the manager of the Torrens Project through a JV with Argonaut Resources NL (30%) • Torrens located on Eastern Gawler Craton IOCG corridor in South Australia, which hosts several la
Slide 22: Torrens Project - Multiple anomalies across large-scale IOCG system
Torrens Project (AIS 70%) Multiple anomalies across large-scale IOCG system For personal use only Oblique view looking north east at the Torrens project area showing A) shallow gravity Regional airborne gravity survey completed March 2018: response from the Falcon survey and B) modelled basement gra
Slide 23: Strategic Initiatives for FY20
Strategic Initiatives for FY20 For personal use only Focus on Operational Exploit Existing Tenement Transformational & Productivity and Safety Packages / Projects Strategic M&A Growth Maintain focus on operational Continue exploration on the highly Pursue strategic M&A opportunities productivi
Slide 24: Thank You
For personal use only Thank You
Slide 25: Appendices
For personal use only Appendices
Slide 26: Reported Mineral Resource
Appendix Reported Mineral Resource For personal use only Tritton Tenement Package (30 June 2019)(1) Measured Indicated Inferred Total Resource Cut-off Project Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (%Cu) (kt) (%) (kt) (kt) (%) (kt) (kt) (%
Slide 27: Reported Ore Reserve
Appendix Reported Ore Reserve Tritton Tenement Package (30 June 20171,2,3) For personal use only Tritton Tenement Package (30 June 2019)(1)(2)(3) Proven Probable Total Ore Resereve Cut-off Project Type Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (%Cu) (kt) (%) (kt) (kt
Slide 28: Competent Persons Statement
Appendix Competent Persons Tritton Tenement Statement Package (30 June 20171,2,3) For personal use only Competent Persons Statement Mr Cox confirms that he is the Competent Person for all the Mineral Resource and Exploration Target estimates summarised in this Report and he has read and understood t
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