Aeris Resources Limited · ASX:AIS
Aeris Resources — Q1 FY25 Earnings Presentation
22 slides from Aeris Resources's earnings presentation, Oct 29, 2024
Slide 1: Q1 FY25 Results
rsonal use only Q1 FY25 Results 30 October 2024 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: Key points for Q1 FY25
Key points for Q1 FY25 Another good quarter from operations rsonal use only Group copper equivalent production of 10.2kt for the quarter at an 28 holes drilled at Constellation (Tritton) to test the subvertical stand- improved AISC of A$5.32/lb up zone and infill main zone to improve resource confid
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer rsonal use only Mt Colin Mine (100%) Mine Type U/G Cu, Au FY25 Guidance 6 - 7kt Cu Cracow Operations (100%) Barbara Project (100%) – Development Mine Type U/G Au FY25 Guidance 40 - 49koz Au Mine Type U/G Cu, Au Resource1 45kt Cu
Slide 5: Tritton NSW
rsonal use only NSW Tritton
Slide 6: Another strong quarter from Tritton
Q1 results Another strong quarter from Tritton rsonal use only Production Jun 24 Sep 24 FY25 FY25 Unit Copper production of 5.0kt at AISC of $5.06/lb, ahead of plan Summary Qtr Qtr YTD Guidance Copper Produced kt 5.4 5.0 5.0 21 - 25 Gold Produced koz 1.5 1.5 1.5 7-9 Increased production from high gr
Slide 7: Constellation exploration holes drilled to test subvertical stand-up zone
Constellation exploration 28 holes drilled to test subvertical stand-up zone and infill main zone resource rsonal use only 7 Drill hole true width lengths are between 60% to 85% of reported interval lengths. See September 2024 Quarterly Report released to the ASX
Slide 8: Cracow Queensland
Cracow rsonal use only Queensland
Slide 9: Strong quarter with higher gold production
Q1 results Strong quarter with higher gold production rsonal use only Production Jun 24 Sep 24 FY25 FY25 Gold production of 12.9koz at AISC of A$2,352/oz Unit Summary Qtr Qtr YTD Guidance Gold Produced koz 11.6 12.9 12.9 40 - 49 Improved production due to the availability of high-grade Gold Sold koz
Slide 10: Near mine exploration
Near mine exploration Defining new mineralised structure at Apollo rsonal use only Further 6 drill holes completed at Apollo targeting high grade mineralisation While the Apollo target has been reduced, potential exists to extend mineralisation down dip with further drilling Assays returned from 7 h
Slide 11: Mt Colin North Queensland
Mt Colin rsonal use only North Queensland
Slide 12: Mt Colin underperformed due to processing of oxidised material
Q1 results Mt Colin underperformed due to processing of oxidised material rsonal use only Production Jun 24 Sep 24 FY25 FY25 Unit Summary Qtr Qtr YTD Guidance Mining performance in line with plan as final stopes are extracted Copper Produced kt 1.3 1.0 1.0 6 -7 Gold Produced koz 1.2 0.8 0.8 3-4 Proc
Slide 13: Jaguar Western Australia
Jaguar rsonal use only Western Australia
Slide 14: Jaguar now focused on restart studies and exploration
Q1 activities Jaguar now focused on restart studies and exploration rsonal use only Operation on care and maintenance Care and maintenance costs of $2.4M Multiple restart scenarios have been assessed and a preferred option will be presented to the Aeris board for approval this quarter Drilling at He
Slide 15: Stockman Project Victoria
Stockman Project rsonal use only Victoria
Slide 16: Feasibility study progressing
Q1 activities Feasibility study progressing rsonal use only Preparing for further detailed metallurgical test work to support the Albion process and confirm product qualities Further investigation into sites for the Albion plant construction Groundwater environmental quality report submitted to the
Slide 17: Corporate
Corporate rsonal use only Closing cash and receivables of $39.1 million with cash of $25.5 million Jun Sep (A$ Million) 2024 2024 QTR QTR Cash balance excludes additional $12 million restricted cash applied to environmental bonding Closing cash 24.8 25.5 Debt position of $40 million unchanged Receiv
Slide 18: Focus for next quarter
Focus for next quarter rsonal use only Paste fill line at Budgerygar, to enable increased production from Completion of Barbara feasibility study and investment decision the mine Continuation of Constellation drill program at Tritton to improve Presentation of preferred restart scenario for Jaguar r
Slide 19: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer rsonal use only 3 producing operations 3 development / re-start projects Highly prospective for further discoveries FY25 production guidance of 40-48kt Cu eq1 Substantial copper metal inventory Excellent platform for growth 1. At
Slide 20: Thank You
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Slide 21: FY25 guidance
FY25 guidance FY25 FY24 FY25 FY24 Group Tritton Guidance Actual Guidance Actual rsonal use only Production Production Copper kt 21 - 25 19.7 Copper kt 27 – 32 27.2 Gold koz 7-9 4.9 Gold koz 50 - 62 55.3 Silver koz 200 - 240 156 Silver koz 200 - 240 240.4 Copper equivalent1 kt 40 - 48 42.0 Operating
Slide 22: FY25 guidance
FY25 guidance FY25 FY24 FY25 FY24 Cracow North Queensland Guidance Actual Guidance Actual rsonal use only Production Production Gold koz 40 - 49 45.7 Copper kt 6 -7 6.8 Gold koz 3-4 4.3 Operating Costs Mining $M 57 - 70 51.3 Operating Costs Processing $M 24 - 30 25.6 Mining $M 10 - 12 36.7 Site G&A