Aeon Metals — Shareholder Meeting (October 2016)
20 slides from Aeon Metals's shareholder meeting presentation, Oct 21, 2016
Slide 1: An Exciting Player in Australian Base Metals
AN EXCITING PLAYER IN AUSTRALIAN BASE METALS Annual General Meeting 21st October 2016
Slide 2: Important Information
2 IMPORTANT INFORMATION This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitation to acquire
Slide 3: Capital Structure & Shareholder Register
3 CAPITAL STRUCTURE & SHAREHOLDER REGISTER / / / / $0.15 347.83m $52.2m $5.01m $27.68m SHARE PRICE SHARES MARKET CAP CASH NON RECOURSE (A$) 1 OUTSTANDING (A$) 1 (A$) 2 DEBT (A$) 136.25m 1. As at 19 October 2016 WARRANTS 2. As at 31 September 2016 TOP 10 SHAREHOLDERS3 OCP Holdings 21.40% Washington H
Slide 4: Board of Directors
4 BOARD OF DIRECTORS THOMAS MANN HAMISH COLLINS PAUL HARRIS IVAN WONG STEPHEN LONERGAN CHAIRMAN MANAGING DIRECTOR NON-EXEC DIRECTOR NON-EXEC DIRECTOR NON-EXEC DIRECTOR More than 30 years’ 24 years’ combined 25 years’ experience in More than 20 years More than 30 years experience in financial experie
Slide 5: Development Progress
5 DEVELOPMENT PROGRESS Progressed Walford Creek Project Drill within Indicated and Inferred Resource – high grade subset Mining assessment and pit optimisation Process design flowsheet and cost assessment Infrastructure assessment Environmental baseline studies Targeted Drill Advanced economic
Slide 6: Queensland Focussed Assets
6 QUEENSLAND FOCUSSED ASSETS Newly defined 100% owned, high grade, shallow, world class Cu-co Resource at Walford Creek is the cornerstone to the company’s assets North-West Queensland South-East Queensland FLAGSHIP WALFORD LARGE COPPER CREEK PROJECT PROVINCE JORC Resource1 CLOSE PROXIMITY TO 296,0
Slide 7: Walford Creek
7 WALFORD CREEK
Slide 8: Walford Creek Video
8 WALFORD CREEK VIDEO
Slide 9: Advanced, Large Base Metals Resource
9 ADVANCED, LARGE BASE METALS RESOURCE LARGE SEDIMENT HOSTED MINERAL SYSTEM Mineralisation is both structurally and lithologically controlled. Potential for resource extensions along the strike-length of the Fish River fault. High grade potential within Resource and along Current strike Resource
Slide 10: 2016 Drilling Program
10 2016 DRILLING PROGRAM The Walford Creek Project 2016 drill program was successfully completed on the 24 June. The program was designed to achieve 3 key objectives: 1. CONFIDENCE 2. MET CORE 3. DISCOVER Increase confidence level of Obtain core for metallurgical testing Discover “hot spots” within
Slide 11: High Grade Results Achieved
11 HIGH GRADE RESULTS ACHIEVED AEON METALS LIMITED: ASX: AML | www.aeonmetals.com.au
Slide 12: 2016+ Program
12 2016+ PROGRAM Visual geological logging of the core indicates that the high grade copper intersected previously in shallow holes WFDD200, WFDD203 and WFDD204 (See previous cross sections for geology) extends both to the east and west at shallow depths close to the fault. Drill results expecte
Slide 13: 2016+ Program
13 2016+ PROGRAM 2017 along strike drilling to target elevated silver in soils and gaps in the drilling up against the fault where shallow high grade Cu–Co–Zn may exist Previous drilling broadly spaced and generally not close up against the fault west of the high grade 2016 drilling Resource m
Slide 14: High Grade Discovery - What Now?
14 HIGH GRADE DISCOVERY - WHAT NOW? Resource upgrade focussing on Cu-Co-Zn subset of global resource. Pit optimisation & mining schedule to be linked to new high grade Resource subset. Staged development approach: Stage 1 – high grade Cu-Co-Zn open pit from 25m, reduced throughput, low capit
Slide 15: Conventional Indicative Processing Circuit
15 CONVENTIONAL INDICATIVE PROCESSING CIRCUIT Extensive metallurgical work undertaken since Indicative metallurgical processing flowsheet : acquisition and new drill core material. produce copper, zinc and cobalt concentrates. Cu Co Zn AEON METALS LIMITED: ASX: AML | www.aeonmetals.com.au
Slide 16: Cobalt – Linked to Power Storage
16 COBALT – LINKED TO POWER STORAGE Demand US$/t 5 Year Cobalt Price History (US$/t) Cobalt is consumed by major industries with 36,000 rechargeable lithium-ion batteries becoming a 34,000 major Co use. “The problem with existing lead-acid 32,000 batteries is that they suck” – Elon Musk 30,000 2
Slide 17: Next Steps
17 NEXT STEPS Walford Creek Development: 1) Resource upgrade: high grade Cu-Co-Zn subset of global resource – imminent 2) Drill results from recent program – November. QUALITY 3) Finalise project parameters and economics - end of year target. RESOURCE BASE 4) Timeline and working capital requirement
Slide 18: Appendices
18 APPENDICES
Slide 19: Appendix A: Competent Person Statement
19 APPENDIX A: COMPETENT PERSON STATEMENT The data in this report that relates to Mineral Resource Estimates for the Walford Creek Deposit is based on information evaluated by Mr Simon Tear who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and who has sufficient experi
Slide 20: North-West QLD Base Metals Assets
20 NORTH-WEST QLD BASE METALS ASSETS Extensive exploration tenement portfolio in proven base metals province of North-West Queensland Priority: Walford Creek Project Development Large base metal JORC Inferred & Indicated Resource – upgrade imminent Shallow, open pittable deposit Conventional m