Aeris Resources Limited · ASX:AIS
Aeris Resources — Investor Presentation (October 2018)
20 slides from Aeris Resources's investor presentation, Oct 17, 2018
Slide 1: Emerging Mid-Tier Copper Producer: Corporate Presentation
For personal use only Emerging Mid-Tier Copper Producer Corporate Presentation – Brisbane Resources Round-Up 17 October 2018 ASX: AIS
Slide 2: Disclaimer
Disclaimer For personal use only Forward-Looking Information Certain statements contained in this press release constitute forward-looking statements or forward-looking information. The words “intend”, “may”, “would”, “could”, “will”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “target” a
Slide 3: Company snapshot
Aeris Resources Company snapshot For personal use only • Flagship Tritton Copper Operations located in regional hotspot in Western NSW – Historical 5 year, average annual copper production of 27kt, a 19% increase on previous 5 year average – Mine plan expected to deliver average annual copper produc
Slide 4: Corporate overview
Aeris Resources Corporate overview For personal use only Capital Structure Share Price Performance 0.35 6.0mm Ordinary shares on issue 455.7 million 93.4 million 0.30 5.0mm Convertible preference shares (CPS) 0.25 Management performance options(1) 93.4 million 4.0mm 0.20 Fully diluted shares outstan
Slide 5: Successful operational turnaround implemented
Aeris Resources Successful operational turnaround implemented For personal use only Reserve Grade Copper (kt) Metal Inventory Replenishment and Grade (%) (%) 200 2.00% • 5 year, average annual copper 180 1.80% production of 27.4kt, a 19% increase on 160 1.60% prior 5 year average 140 1.40% 120 1.20%
Slide 6: Financial restructure completed
Aeris Resources Financial restructure completed For personal use only Average LME Operating Cash Operating Cashflows Cash Copper Flows (A$m) Price (A$/lb) • Inherited highly over-levered balance 75 New Management 4.00 60 3.50 sheet 45 3.00 30 2.50 • Strong cash flow management and 15 2.00 improved o
Slide 7: Strong FY18 / Exciting FY19
Aeris Resources Strong FY18 / Exciting FY19 For personal use only Tonnes Copper FY18 Copper Production • FY18 total copper production of 26,686 tonnes at 8,000 average C1 cash cost of A$2.60/lb: − 14% increase compared to the previous financial year 6,000 (FY17: 23,404 tonnes; C1 cash cost A$2.60/lb
Slide 8: Established copper mine in highly prospective region
Tritton Copper Operations Established copper mine in highly prospective region For personal use only Tritton Copper Operations Regional Map – Western NSW • Tritton deposit is a >20Mt copper dominant system • UG long hole open stoping from Tritton and Murrawombie mines • First production in 2005 with
Slide 9: 5 year mine plan producing 24ktpa, underpinned by reserves
Tritton Copper Operations 5 year mine plan producing 24ktpa, underpinned by reserves For personal use only • 5 year mine plan averaging Cu production of 24ktpa: – 1.65Mtpa average annual processing rate – Capex and exploration funded through operating cashflows – Gold production 5koz+ pa • Underpinn
Slide 10: Near-mine exploration potential to extend mine life
Tritton Copper Operations Near-mine exploration potential to extend mine life For personal use only • Exploration has been limited due to capital constraints Tritton Budgerygar over last 5+ years • Strong down-dip continuity is a feature common across all known deposits within tenement package: − Tr
Slide 11: Regional exploration opportunities across highly prospective corridors
Tritton Copper Operations Regional exploration opportunities across highly prospective corridors For personal use only • Greenfield exploration strategy is focused on discovering Tritton-scale orebodies (i.e. +10Mt) Planned airborne EM survey area • Airborne EM and ground based EM surveying Planned
Slide 12: Highly encouraging drill results at Kurrajong prospect
Tritton Copper Operations Highly encouraging drill results at Kurrajong prospect For personal use only • Kurrajong prospect located 20km east of Tritton processing infrastructure • Exploration program to date: – 2012-13 drill campaign confirmed mineralisation – 2017 MLTEM survey – 2018 initial 6 dri
Slide 13: Torrens Project: Potential major new copper-gold project
Torrens Project (AIS 70%) Potential major new copper-gold project in the Eastern Gawler Craton For personal use only • Aeris holds a 70% interest and is the manager of the Torrens Project through a JV with Argonaut Resources (30%) • Torrens located on Eastern Gawler Craton IOCG corridor in South Aus
Slide 14: Torrens Project: Multiple anomalies across large-scale IOCG system
Torrens Project (AIS 70%) Multiple anomalies across large-scale IOCG system For personal use only • Limited historical drilling has intersected mineralisation typical of an IOCG system: - 6 drill holes drilled between 1977 and 2008 - Holes assayed and core maintained • Defined a large magnetite domi
Slide 15: Torrens Project: Multiple anomalies across large-scale IOCG system
Torrens Project (AIS 70%) Multiple anomalies across large-scale IOCG system For personal use only • Regional airborne gravity survey completed March 2018: Brad Updating – 28 gravity anomalies identified(1) – Refine drill targets in conjunction with geophysical and structural interpretations – Drill
Slide 16: FY19 objectives and growth strategy
Aeris Resources FY19 objectives and growth strategy For personal use only FY19 objectives Strategic growth initiatives 1. Achieve Tritton FY19 production guidance 1. Realise value from attractive portfolio of of 24.5kt of copper at C1 Cash Cost of organic growth opportunities A$2.75-2.90/lb 2. Conti
Slide 17: Appendices
For personal use only Appendices 17
Slide 18: Board and Management
Appendix Board and Management For personal use only Name & Management Description Experienced mining executive with a career spanning more than 25 years, primarily in the gold industry Held various executive roles in South Africa, PNG, Fiji and Australia for a number of leading gold companies, inclu
Slide 19: Reported Mineral Resource
Appendix Reported Mineral Resource For personal use only Tritton Tenement Package (30 June 2018)(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 20: Reported Ore Reserve
Appendix Reported Ore Reserve Tritton Tenement Package (30 June 20171,2,3) For personal use only Tritton Tenement Package (30 June 2018)(1)(2)(3) Proven Probable Total Resource Cut-off Project Type Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (%Cu) (kt) (%) (kt) (kt) (%
Aeris Resources — Investor Presentation (October 2018) on 6ix