Aeris Resources Limited · ASX:AIS
Aeris Resources — Q2 2023 Earnings Presentation
22 slides from Aeris Resources's earnings presentation, Jan 30, 2023
Slide 1: December Quarter Activities Report Presentation
December Quarter Activities Report Presentation 31 January 2023 Presented by Andre Labuschagne
Slide 2: Disclaimer
Aeris – Q2 FY2023 Activities Report Presentation Disclaimer This presentation 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 the terms set
Slide 3: Highlights for Q2 FY23
Aeris – Q2 FY2023 Activities Report Presentation Highlights for Q2 FY23 Operations Corporate ✓ Group copper equivalent production of 13.1kt ✓ Closing cash and receivables increased to $76.4 million ✓ Focus on cost control kept group operating costs within plan ✓ No debt ✓ Q-on-Q production increase
Slide 4: ESG
Aeris Resources ESG 4
Slide 5: ESG
Aeris – Q2 FY2023 Activities Report Presentation ESG Sustainability Safety • Focus on setting targets and gathering baseline data on • No LTI in the quarter four strategic areas: • LTIFR reduced to 1.7 12 Month LTIFR and Lost Time Injuries 3 No of LTI LTIFR 2 Environment • No reportable environmenta
Slide 6: Tritton Operations
Aeris Resources Tritton Operations 6
Slide 7: Q2 activities – Tritton
Aeris – Q2 FY2023 Activities Report Presentation Q2 activities – Tritton Operations Operations Development & Exploration Exploration ✓ Copper production of 4.1kt at AISC of $5.52/lb ✓ $10.9m capital spent on growth projects and exploration, predominantly on development at Avoca Tank and Kurrajong dr
Slide 8: Tritton exploration
Aeris – Q2 FY2023 Activities Report Presentation Tritton exploration Regional • 14 priority EM anomalies identified on underexplored northern half of tenements Murrawombie • Downhole EM surveying completed on deep drill hole 250m down plunge from the resource envelope identifying multiple EM plates
Slide 9: Tritton exploration
Aeris – Q2 FY2023 Activities Report Presentation Tritton exploration Avoca Tank • Resource definition drilling1 within initial production block returned high grade intersections: ‒ 10.7m at 5.48% Cu, 0.3g/t Au (10.72) ‒ 6.0m at 0.36% Cu, 2.78g/t Au (6.02) • Massive sulphides also intersected 180m be
Slide 10: Jaguar Operations
Aeris Resources Jaguar Operations 10
Slide 11: Q2 activities – Jaguar
Aeris – Q2 FY2023 Activities Report Presentation Q2 activities – Jaguar Operations Exploration & Development Exploration ✓ Zinc production for the quarter of 7.3kt at AISC of A$1.65/lb ✓ $1.2 million spent on growth capital and exploration, predominantly at Turbo ✓ Ore mined and zinc produced down o
Slide 12: Jaguar exploration
Aeris – Q2 FY2023 Activities Report Presentation Jaguar exploration Turbo resource update1 • 1.26Mt at 1.82% Cu, 8.5% Zn, 0.72g/t Au and 47g/t Ag • Majority of resource in Indicated status • Increased tonnage by 23% and contained zinc metal by 37% • Strike length doubled to 400m • Deposit is open al
Slide 13: North Queensland Operations
Aeris Resources North Queensland Operations 13
Slide 14: Q2 activities – North Queensland
Aeris – Q2 FY2023 Activities Report Presentation Q2 activities – North Queensland Operations Exploration Exploration ✓ Copper production for the quarter of 1.5kt at AISC of A$4.79/lb ✓ $1.5 million spent on exploration at the Barbara deposit ✓ Mined tonnes reduced due delays caused by bridges formin
Slide 15: Barbara exploration
Aeris – Q2 FY2023 Activities Report Presentation Barbara exploration • Open pit mining finished in Dec 2020 • Mineralisation extends below current pit and is open at depth • 4,391m drill program complete and updated Mineral Resource estimate planned for Q4 • Mining study to be undertaken on a potent
Slide 16: Cracow Operations
Aeris Resources Cracow Operations 16
Slide 17: Q2 activities – Cracow
Aeris – Q2 FY2023 Activities Report Presentation Q2 activities – Cracow Operations Exploration Exploration ✓ Gold production for the quarter of 11.0koz at AISC of ✓ $2.1 million spent on growth capital and exploration, A$2,397/oz1 predominantly at Golden Plateau ✓ Quarterly records for tonnes mined
Slide 18: Golden Plateau exploration
Aeris – Q2 FY2023 Activities Report Presentation Golden Plateau exploration • Maiden Mineral Resource estimate released in January 20231 of 620kt at 3.1g/t Au and 15g/t Ag • Contained metal of 62koz Au and 300koz Ag • Significant potential to increase the Mineral Resource with additional drilling •
Slide 19: Corporate & Projects
Aeris Resources Corporate & Projects 19
Slide 20: Q2 activities – Stockman
Aeris – Q2 FY2023 Activities Report Presentation Q2 activities – Stockman • Definitive feasibility study progressing – on track for completion by Currawong mine targeting ~800ktpa end of FY23 • Investigating alternative logistics and port options for the export of concentrates • Early works strategy
Slide 21: Q2 Corporate
Aeris – Q2 FY2023 Activities Report Presentation Q2 Corporate • Cash on balance sheet increased to $67.2 million SEP DEC • Working Capital adjustment with WHSP now finalised (A$ Million) 2022 2022 QTR QTR • Aeris remains debt free Closing cash 51.8 67.2 Tritton - Copper concentrate receivables 3.0 9
Slide 22: Thank you
Thank you Are there any questions? 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 Public Relations Madelei