Aeris Resources Limited · ASX:AIS
Aeris Resources — Euroz Hartleys Institutional Conference 2021
34 slides from Aeris Resources's conference presentation, Mar 9, 2021
Slide 1: Maintaining the Momentum
For personal use only Maintaining the Momentum Euroz Hartleys Institutional Conference 2021 9 March 2021 Presented by: Andre Labuschagne
Slide 2: Important notice and disclaimer
Important notice and disclaimer For personal use only This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (Aeris) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or o
Slide 3: Compliance statements
Compliance statements For personal use only Tritton Copper Operations Production Targets Cautionary Statement The presentation includes references to a Production Plan (Production Targets) for the Company’s Tritton Copper Operations. The Production Targets referred to in this presentation are based
Slide 4: The transformation in the last months
The transformation in the last 8 months For personal use only H1 results Constellation Discovery Acquisition of Cracow $40M equity raise AIS Share price as at business close 5 March 2021 4
Slide 5: The transformation in the last months: H1 Dec 19 vs 20
The transformation in the last 8 months For personal use only Comparison H1 Dec 19 vs 20 Cash from Share price Market cap $m Revenue $m Operating Net profit $m Net debt $m activities $m Dec 19 1 Jun 20 3.4c 19 108 6 -29 37 214 72 46 11 5 Mar 21 12c 236 Dec 20 +99% +1,204% +260% -70% 5
Slide 6: Aeris' experience with Cracow acquisition and growth
Aeris’ experience with Cracow acquisition and growth For personal use only Plan to Grow Q1 FY13 FY21 Stabilise ● Review growth strategies – reset if needed ● Update organic growth plans and implement: – Exploration ● Standardise systems and Integration processes where value – Update LOM Plans added
Slide 7: Highlights – Busy months
Highlights – Busy 8 months For personal use only Acquisition and integration completed Produced 36koz Au @ AISC $1,484/oz Cracow Updated Roses Pride resource1 Started construction of new tailings dam Aggressive exploration underway Produced 11,889t Cu @ AISC $3.08/lb Tritton Started Budgeryga
Slide 8: Cracow Gold Operations
For personal use only Cracow Gold Operations
Slide 9: Cracow Gold Operations
Cracow Gold Operations A highly cash flow generative mine which is transforming the company For personal use only ● A high grade, low cost gold mine in Queensland, Australia with a proven operating history ● Acquired from Evolution Mining in July 2020: ─ A$60m cash paid at completion ─ A deferred ca
Slide 10: Immediate priorities for Cracow
Immediate priorities for Cracow For personal use only ● FY21 Guidance - 70koz to 75koz Au @ AISC A$1,525 – A$1,575/oz Operational Delivery ● Repay A$30m Acquisition Debt Facility by end FY21 ● Maximising cashflows (~A$280m in available tax losses) ● Improve mine and mill productivity – processing pl
Slide 11: Cracow Gold Operations - Exploration of brownfield target areas
Cracow Gold Operations - Exploration of brownfield target areas For personal use only Cracow underground • Drilling at Kenneth target underway with encouraging results to date • Geological review done, near mine targets identified • Second drill rig in place to test near mine targets 11
Slide 12: Cracow near mine exploration – Golden Plateau
Cracow near mine exploration – Golden Plateau For personal use only ● ~850koz previously mined from Gold Plateau – both open pit and underground ● Large mineralised system which remains open down plunge ● Currently validating historical workings and drill hole database ● Planned drill program testin
Slide 13: Exploring in new spaces – looking for the next big discovery
Exploring in new spaces – looking for the next big discovery For personal use only ● Ballymore ─ Recently identified structure along southern margin of the current mining footprint ─ Limited historical drilling returned encouraging results: ─ Evidence of epithermal vein textures ─ Anomalous pathfind
Slide 14: Cracow Greenfields (new space)
Cracow Greenfields (new space) Western Field For personal use only Exploration – new space • Planned drilling of Ballymore north target changed from surface to underground – Cost neutral – Reduces drill risk (+1,000m surface holes vs 300m U/G holes) – Drilling planned to commence late Q4 FY21 Resour
Slide 15: Tritton Copper Operations
For personal use only Tritton Copper Operations
Slide 16: Tritton Copper Operations: A consistent producer with upside
Tritton Copper Operations A consistent producer with upside For personal use only ● Established underground copper mines and 1.8 Mtpa processing plant in Western NSW, Australia ─ Operating since 2005 with >320 kt Cu produced ● Highly endowed region and tenement package ─ Nearby mines include CSA (Gl
Slide 17: Tritton Life of Mine Plan with multiple options to extend
Tritton Life of Mine Plan (LOM) 4 year LOM with multiple options to extend For personal use only Aggressive focus on extending mine plan from: ● Tritton and Murrawombie ● Developing Budgerygar via access from Tritton ● Prioritizing higher grade Avoca Tank U/G into production ● Open Pits: – Murrawomb
Slide 18: Life of Mine extensions - Tritton and Budgerygar
Life of Mine extensions - Tritton and Budgerygar For personal use only Life of Mine extension opportunities Tritton Deposit: ― Mineralisation open at depth • Commenced drill program testing down plunge potential ― South Wing – adjacent to Tritton orebody – further drilling planned Corridor between T
Slide 19: Murrawombie – brownfields exploration
Murrawombie – brownfields exploration For personal use only ● Geologically performing better than expected ● Minerailsation open at depth and to the north ● Recent drilling continues to intersect high grade mineralisation, including: ─ 14.60m @ 2.43% copper (true thickness approx. 7.8m) MWGC514; and
Slide 20: Greenfields Exploration Activities in FY21
Greenfields Exploration Activities in FY21 For personal use only Constellation • Bedrock conductor identified initially from an airborne EM survey and confirmed by Ground based EM • Drilling commenced in mid-November 2020 Avoca Tank • Two drill holes planned in second half of FY21 testing down dip e
Slide 21: Constellation Deposit discovered
Tritton Copper Operations – Constellation Deposit discovered For personal use only Spectacular results • Multiple bedrock EM conductors • Drilling commenced in November • High grade copper intersected1 – Supergene and primary copper – Open along strike & down plunge • Downhole EM completed on 6 hole
Slide 22: Constellation Deposit
Tritton Copper Operations – Constellation Deposit TAKD001 For personal use only Spectacular results TAKD0011 19.95m @ 2.41% Cu, 0.64g/t Au, 4.6g/t Ag from 197.2m including; – 5.60m @ 1.43% Cu, 0.53g/t Au, 2.4g/t Ag – 7.55m @ 4.71% Cu, 0.99g/t Au, 9.2g/t Ag TAKD0032 27.10m @ 1.61% Cu, 0.43g/t Au,
Slide 23: Constellation Deposit: TAKD002
Tritton Copper Operations – Constellation Deposit For personal use only TAKD002 TAKD002 targeting the smaller conductor • Intersected massive sulphides from 40m below surface • 3.55m @ 22.56% Cu, 2.57g/t Au, 16.1g/t Ag1 • Downhole EM survey identified 2 plates • Follow-up drilling planned (RC campai
Slide 24: An exciting path forward with multiple value catalysts in FY21
An exciting path forward with multiple value catalysts in FY21 For personal use only Potential Catalysts FY21 Quarter 2 FY21 Quarter 3 FY21 Quarter 4 Klondyke Deeps Roses Pride / Sterling Exploration Drilling at Cracow Roses Pride Deeps Kenneth Ballymore Golden Plateau Golden Plateau Tritton Deeps
Slide 25: M&A strategy remains a focus
M&A strategy remains a focus For personal use only Aeris Resources Commodity Gold and Copper M&A strategy East coast Australia Location Rest of Australia Offshore – Risk reward ● Pursue strategic M&A opportunities that adds value, complement existing Producing operation with established in
Slide 26: Summary
For personal use only Summary
Slide 27: What makes Aeris different?
What makes Aeris different? For personal use only Proven team with a consistent Financially robust, rapidly track record deleveraging A unique platform to Diversified, strong free cash consolidate the landscape generation where others cannot 29 79 Favourable gold / copper Primed to unlock value Cu A
Slide 28: Thank You
For personal use only Thank You
Slide 29: Appendix
For personal use only Appendix
Slide 30: Tritton – reported Mineral Resource
Tritton – reported Mineral Resource For personal use only Tritton tenement package (30 June 2020)(1)(2) Measured Indicated Inferred Total Resource Cut-off Project (%Cu) Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (kt) (%) (kt) (kt) (%) (kt) (kt
Slide 31: Tritton – reported Ore Reserve
Tritton – reported Ore Reserve For personal use only Tritton tenement package (30 June 2020)(1)(2)(3)(4) Proven Probable Total Ore Reserves Cut-off Project Type (%Cu) Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (kt) (%) (kt) (kt) (%) (kt) (kt) (%) (kt) Tritton Undergro
Slide 32: Cracow – Mineral Resource and Ore Reserve
Cracow – Mineral Resource and Ore Reserve For personal use only Cracow (30 June 2020)(1) Gold grade Tonnes (Mt) Gold metal (koz) (g/t) Ore Reserve Proven 0.28 5.2 46 Probable 0.27 4.9 43 Total 0.55 5.1 89 Mineral Resource(2) Measured 0.20 7.8 53 Indicated 0.69 5.9 130 Inferred 1.40 2.6 120 Total 2.3
Slide 33: Cracow – Roses Pride Mineral Resource Update
Cracow – Roses Pride Mineral Resource Update For personal use only December 2020 Roses Pride Mineral Resource1 Resource Category Tonnage Au (g/t) Ag (g/t) Au metal (koz) Ag metal (kt) (koz) Measured - - - - - Indicated 104.1 4.7 2.1 15.6 7.0 Inferred 73.0 4.5 2.2 10.5 5.1 TOTAL 177.1 4.6 2.2 26.1 12
Slide 34: Competent Persons statement
Competent Persons statement For personal use only Competent Persons statement Mr Cox confirms that he is the Competent Person for all the Mineral Resource and Exploration Target estimates summarised in this Report and he has read and understood the requirements of the 2012 Edition of the Australasia
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