Aeris Resources Limited · ASX:AIS
Aeris Resources — Diggers and Dealers 2022
27 slides from Aeris Resources's conference presentation, Aug 2, 2022
Slide 1: Diggers and Dealers 2022
Diggers and Dealers 2022 For personal use only Diggers and Dealers 2 August 2022 Presented by Andre Labuschagne Aeris Resources Limited
Slide 2: Disclaimer
Diggers and Dealers 2022 Disclaimer For personal use only This investor presentation is dated 2 August 2022 and 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 ackn
Slide 3: Disclaimer: Production Targets Cautionary Statement
Diggers and Dealers 2022 Disclaimer For personal use only Production Targets Cautionary Statement The Ore Reserve and Mineral Resource estimates underpinning the Stockman and Tritton Production Targets (refer to slides 9 and 19) were prepared by a Competent Person in accordance with the JORC Code 20
Slide 4: Aeris Resources: A mid-tier base and precious metals producer
Diggers and Dealers 2022 Aeris Resources For personal use only A mid-tier base and precious metals producer 4 producing operations 1 long life development project Net cash position $92 million1 All assets located in Australia Strong long-term exposure to copper Excellent platform for growth 1. Estim
Slide 5: Corporate overview
Diggers and Dealers 2022 Corporate overview For personal use only Robust balance sheet and supportive shareholder base Capitalisation Shareholders3 Market capitalisation1 $321 million Cash2 $92 million Debt2 - Enterprise value $229 million Broker coverage WHSP Domestic Institutions Foreign Instituti
Slide 6: Highly experienced board and management
Diggers and Dealers 2022 Highly experienced board and management For personal use only Board of Directors Andre Labuschagne – Executive Chairman Sylvia Wiggins – Non-Executive Director Robert Millner – Non-Executive Director Experienced mining executive with a career A senior executive and investmen
Slide 7: Sustainability
Diggers and Dealers 2022 Sustainability For personal use only Commitment to transparency, integrity and sustainability Water and Carbon and Diversity and Biodiversity and Containment Climate Change Inclusion Land Using resources Reducing carbon Building more equal, Planning and delivering efficientl
Slide 8: Aeris underpinned by long mine life profile
Diggers and Dealers 2022 Aeris underpinned by long mine life profile For personal use only Group production profile FY FY FY FY FY FY FY FY FY FY FY FY • Multiple assets with proven track record of mine life extensions including two long life assets 23 24 25 26 27 28 29 30 31 32 33 34 ⚫ 8 year mine
Slide 9: Tritton: Cornerstone copper production and 8+ year mine life
Diggers and Dealers 2022 Tritton For personal use only Cornerstone copper production and 8+ year mine life Overview Tritton production profile (kt, Cu)2 1 Location 45km NW of Nyngan in central NSW 30-33 Mine type Underground sublevel open stoping Plant 1.8Mtpa conventional flotation 25 23 22-24 Firs
Slide 10: Tritton growth projects
Diggers and Dealers 2022 Tritton growth projects For personal use only Improving ore grades and extending mine life Budgerygar now producing • Deposit adjacent main Tritton ore body provides additional production flexibility • First stoping ore delivered in June 2022 • Mineralisation traced 750m dow
Slide 11: Constellation exploration
Diggers and Dealers 2022 Constellation exploration For personal use only New potential mine • Deposit located 45km northeast of the Tritton plant • Maiden Mineral Resource of 3.3Mt at 1.4% Cu declared in December 20211 • Resource definition drilling underway to update Mineral Resource this quarter •
Slide 12: Cracow
Diggers and Dealers 2022 Cracow For personal use only High-grade gold mine with long history of reserve replacement Overview Location Near Cracow in central Queensland Mine type Underground open stoping Plant 600ktpa CIP plant First production 2004 Mine life 4 years Reserves1 90koz Au Resources1 290
Slide 13: Cracow growth projects
Diggers and Dealers 2022 Cracow growth projects For personal use only Golden Plateau offers potential for new ore source • Deposit located 1km from the Cracow mill • Deposit historically produced 850koz from the 1930s to 1990s • Drilling has shown north-south crosscutting structures that host high-
Slide 14: Jaguar
Diggers and Dealers 2022 Jaguar For personal use only Consistent, polymetallic underground mine Overview Location 65km north of Leonora in Western Australia Mine type Underground open stoping Plant 600ktpa conventional flotation First production 2010 Mine life 4 years Reserves1 62kt Zn, 8kt Cu, 23ko
Slide 15: Jaguar growth projects
Diggers and Dealers 2022 Jaguar growth projects For personal use only Significant resource growth potential at depth • The Bentley deposit consists of multiple individual lenses and is open along strike and down plunge • The Turbo lens (on which a maiden resource was released in December 2021) offer
Slide 16: North Queensland
Diggers and Dealers 2022 North Queensland For personal use only Cash generative copper-gold mine and large exploration portfolio Mt Colin Overview Location Near Cloncurry in NW Queensland Mine type Underground long hole open stoping Plant Toll treatment at Ernest Henry First production 2019 (UG) Min
Slide 17: North Queensland growth projects
Diggers and Dealers 2022 North Queensland growth projects For personal use only Near-term potential at Barbara and large regional portfolio Barbara • Open pit mining finished in Dec 2020 • Mineralisation extends below the current pit, with deposit open at depth • Aeris updating mining study on a pot
Slide 18: Stockman
Diggers and Dealers 2022 Stockman For personal use only High-grade, long life, polymetallic development project • Brownfields site (operated 1992-1996) with existing tailings facility located in north- eastern Victoria • Proposed underground mining operations at the Wilga and Currawong deposits with
Slide 19: Stockman: Clear path to development
Diggers and Dealers 2022 Stockman For personal use only Indicative Production (kt, CuEq) 1,2 Clear path to development 40 Outstanding secondary permits 35 • Water (surface water draw and mine dewatering) 30 • Road widening • Clear water dam construction 25 • EPA licences for camp and power station 2
Slide 20: Aeris Resources: The future
Diggers and Dealers 2022 For personal use only Aeris Resources The future 20
Slide 21: Advancing Aeris: Plans for the year ahead
Diggers and Dealers 2022 Advancing Aeris For personal use only Plans for the year ahead Tritton Jaguar Cracow • Hub and spoke model with production • Extend mine development at depth • Mine plan focus on revised geological from 4 ore sources models and production consistency • Emphasis on cost contr
Slide 22: For personal use only
Diggers and Dealers 2022 For personal use only Mt Colin Jaguar portal Stockman Jaguar plant
Slide 23: Thank you
Diggers and Dealers 2022 Thank you For personal use only 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
Slide 24: Appendix
Diggers and Dealers 2022 For personal use only Aeris Resources Appendix
Slide 25: Group Ore Reserves
Diggers and Dealers 2022 Group Ore Reserves For personal use only Grade Contained Metal Project Category Tonnes ('000) % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Proved 1,800 1.2 0.1 3 22 4 170 Probable 3,400 1.4 0.3 3 47 36 307 Total 5,300 1.3 0.2 3 69 40 477 Cracow Proved 172 4.9 27
Slide 26: Group Mineral Resources
Diggers and Dealers 2022 Group Mineral Resources For personal use only Grade Contained Metal Project Category Tonnes ('000) % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Measured 3,527 1.3 0.1 4 45 11 400 Indicated 10,300 1.5 0.3 4 153 96 1,390 Inferred 6,320 1.3 0.2 4 83 40 826 Total 20
Slide 27: Copper equivalent calculation
Diggers and Dealers 2022 Copper equivalent calculation For personal use only Copper Equivalent Calculation In this presentation, production is presented on a recovered CuEq metal produced basis and AISC costs are presented on a payable CuEq metal Recovery Factors by Operation FY21 FY22 FY23 LOMP sol