Aeris Resources Limited · ASX:AIS
Aeris Resources — Shareholder Meeting (November 2023)
27 slides from Aeris Resources's shareholder meeting presentation, Nov 17, 2023
Slide 1: Annual General Meeting
Annual General Meeting 17 November 2023 Presented by: Andre Labuschagne
Slide 2: Disclaimer
Disclaimer This investor presentation has been prepared by Aeris Resources Limited However, investors should note that the non-IFRS financial information DISCLAIMER (“Aeris” or the “Company”). By attending an investor presentation or and non-GAAP financial measures do not have standardised meanings
Slide 3: FY23 was a tough year but we still achieved a lot and set the Company up to grow
FY23 was a tough year but we still achieved a lot and set the Company up to grow Round Oak Minerals acquisition completed on 1 July 2022 Cracow achieved guidance High-grade Avoca Tank mine at Tritton brought into production on- Feasibility Study for Stockman progressed time Completed raise bore at B
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals miner Mt Colin Mine (100%) Mine Type U/G Cu, Au FY24 Production Guidance 8kt - 10kt Cu Cracow Operations (100%) Barbara Project (100%) Mine Type U/G Au FY24 Production Guidance 38koz - 48koz Au Mine Type U/G Cu, Au Resource1 45kt Cu North
Slide 5: Corporate overview
Corporate overview Board of Directors CAPITALISATION Andre Sylvia Colin Michele Robert Millner Labuschagne Wiggins Moorhead Muscillo Non-Executive Market capitalisation1 A$104 million Executive Chairman Non-Executive Non-Executive Non-Executive Director Director Director Director Cash2 A$22 million
Slide 6: Sustainability
Sustainability A commitment to transparency, integrity and sustainability Water and Carbon and Diversity and Biodiversity and Containment Climate Change Inclusion Land Using resources efficiently in Reducing carbon footprint Building more equal, diverse, Delivering positive water, energy and and sup
Slide 7: Tritton
Tritton NSW
Slide 8: Tritton mine (including Budgerygar)
Tritton mine (including Budgerygar) 2 year investment to improve grade Budgerygar mine delayed roughly 12 months due to issues installing ventilation shaft Production to ramp-up over FY24 Scheduling higher grade ore from Budgerygar and Tritton in FY24 Murrawombie Underground Showing EM plates 250m b
Slide 9: Avoca Tank mine
Avoca Tank mine New, high grade ore source Updated Mineral Resource1 of 0.7Mt at 3.4% Cu, 1.1g/t Au Grade increased by 35% from previous estimate on improved geological understanding of the mineralisation1 Production ramping up during FY24 New gold lens discovered – target for follow up exploration
Slide 10: Constellation Deposit
Constellation Deposit Potential future baseload feed for Tritton mill Located 45km northeast of the Tritton plant Mineral Resource1 of 6.7Mt at 1.85% Cu and 0.58g/t Au Latest drill program extended mineralisation 100m along strike and 200m down-plunge Current drilling intersected one of the best hol
Slide 11: Exploration opportunities
Exploration opportunities Multiple high conviction targets in highly endowed region Over 900kt1 Cu discovered to date, over 80% of which has been south of the Mitchell Highway Exploration focus shifted to underexplored northern tenements with over 100km of favourable stratigraphy Initial airborne VT
Slide 12: Cracow
Cracow Queensland
Slide 13: Near mine exploration
Near mine exploration Small, high-grade resource additions at current mining area (Western Vein Field) Mature mining operation centred on the Western Vein Field (WVF) Cracow has a strong history of reserve replacement Potential for small, high-grade extensions to known ore shoots in WVF – multiple t
Slide 14: Golden Plateau
Golden Plateau Potential new mining area Historic mining area with potential for future underground operation 62koz Au Mineral Resource1 defined in FY23 Significant potential to add additional Mineral Resources with further drilling Developing exploration decline to improve drill access 1. Refer to
Slide 15: Southern Vein Field
Southern Vein Field Could be the game-changer for Cracow Approx. 2.5Moz gold produced to date from the WVF and 850koz gold from Golden Plateau Structures with the potential to host WVF style ore shoots interpreted under cover in the Southern Vein Field Southern Vein Field has had very limited explor
Slide 16: Mt Colin
Mt Colin North Queensland
Slide 17: Nth Qld strategy
Nth Qld strategy Mt Colin Stope Plan Using Mt Colin as springboard for future opportunities in region Harvesting cash from Mt Colin mine to fund other group capital developments Large tenement package in highly prospective region to be explored Toll treatment options with regional mills reduces capi
Slide 18: Barbara project
Barbara project Potential follow-on operation to Mt Colin Updated resource of 2.2Mt at 2.0% Cu and 0.2g/t Au1 completed Resource remains open down-plunge Feasibility studies to be undertaken in FY24 on a potential underground operation Situated on a mining lease – can be brought into production quic
Slide 19: Jaguar
Jaguar Western Australia
Slide 20: Care and maintenance
Care and maintenance Bentley mine Preserving ~8Mt mineral resource1 for a future expanded operation Seismic events forced a review of safe production rates Operation was also impacted by cost inflation on key consumables and a weaker zinc price Reduction in near-term ore sources made the operation f
Slide 21: Strategic plan
Strategic plan Target 10 year mine plan at ~650kt processing capacity from two or more mines producing at any time Mineral Resource1 8Mt @ 1.2% Cu, 5.6% Zn, 1.3g/t Au and 215g/t Ag across 4 deposits: ̶ Bentley ̶ Jaguar ̶ Triumph ̶ Teutonic Bore New Mineral Resource estimate for Jaguar Mine1 Defined,
Slide 22: Jaguar mine
Jaguar mine Copper dominant restart opportunity Mineral Resource of 0.8Mt at 2.28% Cu, 4.66% Zn and 61g/t Ag1 Resource consists of high-grade remnant sills and pillars along with additional mineralisation outside the old mine workings Multiple targets for further exploration identified Dewatering un
Slide 23: Other regional targets
Other regional targets Tenements well known for base metals prospectivity but also hosts multiple gold targets Multiple new base metals VMS targets identified since acquiring in 2022 Tenement package also highly prospective for gold – regional endowment of +25Moz Heather Bore gold anomaly 13km from
Slide 24: Stockman Project
Stockman Project Victoria
Slide 25: Stockman
Stockman High-grade, long life, Zn-Cu-Ag-Au development project High grade ore reserve of of 9.6Mt at 1.9% Cu and 4.3% Zn plus precious metals1 Licensed tailings dam in place Mining License extension approved PFS completed in 2019 on 10-year operation producing copper and zinc from two underground m
Slide 26: DFS underway
DFS underway Process Plant Currawong Wilga 3.3 km 26
Slide 27: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer 3 producing operations + 1 care & maintenance 1 long life development project Highly prospective for further discoveries FY23 production of 51.5kt Cu eq1 Substantial copper metal inventory Excellent platform for growth 1. Refer t
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