Aeris Resources Limited · ASX:AIS
Aeris Resources — Shareholder Meeting (November 2021)
35 slides from Aeris Resources's shareholder meeting presentation, Nov 25, 2021
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 25 November 2021 Presented by Andre Labuschagne
Slide 2: Important notice and disclaimer
Aeris – Annual General Meeting 2021 For personal use only Important notice and disclaimer 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 statement
Slide 3: Our Business
Aeris – Annual General Meeting 2021 For personal use only Our Business Cracow Gold Operations Ownership 100% Mine type U/G Processing 600 ktpa CIP FY22F Production 67koz – 71 koz Au FY22F AISC A$1,550/oz-A$1,600/oz Au Reserves(1) 690kt @ 4.1 g/t (90koz) Torrens JV (exploration) Au Resources(1) 3,900
Slide 4: Market information
Aeris – Annual General Meeting 2021 For personal use only Market information ASX Code AIS 0.3 Market capitalisation1 A$370m 0.25 $50m placement 1 Enterprise Value A$298m Constellation results 0.2 H1 results Share Price, A$ Available Cash2 A$72m 0.15 Outstanding Debt Nil Constellation discovery Commo
Slide 5: FY21 Highlights
Aeris – Annual General Meeting 2021 For personal use only FY21 Highlights Cracow Tritton Corporate Acquisition and integration completed Achieved guidance 22,987t Cu @ AISC of Closing cash and receivables $105.9m Achieved guidance 73,685oz @ AISC of A$3.70/lb PAG repaid in July, debt free
Slide 6: FY21 Highlights: Transformational year
Aeris – Annual General Meeting 2021 For personal use only FY21 Highlights Transformational year 6
Slide 7: Our Sustainability Approach
Aeris – Annual General Meeting 2021 Our Sustainability Approach For personal use only Aeris seeks to operate in a sustainable manner that creates value now and into the future. The way we conduct our business and the decisions we make every day contribute towards achieving sustainable outcomes. We b
Slide 8: Aeris Resources
For personal use only 8 Aeris Resources
Slide 9: Tritton Copper Operations
Aeris – Annual General Meeting 2021 Tritton Copper Operations For personal use only A consistent producer with upside • 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 2,330km2 te
Slide 10: Tritton Copper Operations – unrivalled project pipeline
Aeris – Annual General Meeting 2021 Tritton Copper Operations For personal use only – unrivalled project pipeline Project Producing Developing / Constructing Exploring Tritton Murrawombie Budgerygar Avoca Tank Murrawombie Open Pit Constellation Budgery Kurrajong South Wing Note: Or
Slide 11: Known deposits – conceptual development plans
Aeris – Annual General Meeting 2021 Known deposits – conceptual development plans For personal use only Mine / Deposit FY 2022 2023 2024 2025 2026+ Tritton U/G Murrawombie U/G Drill Tritton - Budgerygar Avoca Tank Develop Murrawombie O/P Constellation Produce Kurrajong Budgery Tritton - South Wing 1
Slide 12: Mine Life Extension Projects - Budgerygar
Aeris – Annual General Meeting 2021 Mine Life Extension Projects - For personal use only Budgerygar • Mineral Resource 2.3Mt @ 1.5%Cu1 • Access drive completed • Resource drilling underway • Updated Mineral Resource expected Q2 FY22 • First production targeted for Q4 FY22 (1) See slides 32 – 34 for
Slide 13: Mine Life Extension Projects - Avoca Tank Development
Aeris – Annual General Meeting 2021 Mine Life Extension Projects - For personal use only Avoca Tank Development • Ore Reserve 700kt @ 2.5% Cu, 0.8g/t Au1 • Access drive from the Northeast mine (existing portal in Hartman’s pit) - Minimise environmental footprint - Avoid geotechnical risk in weathere
Slide 14: Mine Life Extension Projects - Avoca Tank Mine Development
Aeris – Annual General Meeting 2021 Mine Life Extension Projects - For personal use only Avoca Tank Mine Development • Development contract for decline access awarded • Work commenced • First ore targeted Q4, FY23 14
Slide 15: There's more copper to be found, $15 million exploration budget
Aeris – Annual General Meeting 2021 Tritton Copper Operations For personal use only – there’s more copper to be found, $15 million exploration budget for FY22 ● Exploration upside: Highly endowed tenement package (2,330km2) – more than 750kt of copper discovered to date(1) Proven exploration str
Slide 16: Greenfields Exploration Activities
Aeris – Annual General Meeting 2021 Tritton Copper Operations For personal use only Greenfields Exploration Activities Constellation • Continue drilling at Constellation across FY22 targeting Maiden Mineral Resource estimate in December • Bedrock conductor identified initially from airborne EM surve
Slide 17: Tritton Copper Operations – Constellation Deposit
Aeris – Annual General Meeting 2021 Tritton Copper Operations – For personal use only Constellation Deposit Spectacular results • 45km North-East from Tritton – within trucking distance of Tritton mill • 63 diamond holes drilled to date – majority intersecting copper sulphide mineralisation • High g
Slide 18: Constellation Deposit
Aeris – Annual General Meeting 2021 Tritton Copper Operations For personal use only Constellation Deposit • Resource definition drilling continues to return high grade copper assays within the deeper primary (sulphide) copper domain: (3) • TAKD0281 – 23.05m @ 2.29% Cu, 0.80g/t Au, 4.1g/t Ag (from 15
Slide 19: Aeris Resources
For personal use only 19 Aeris Resources
Slide 20: Cracow Gold Operations
Aeris – Annual General Meeting 2021 Cracow Gold Operations For personal use only A highly cash flow generative mine that has transformed the Company • A high grade, low cost gold mine in Queensland, Australia with a proven operating history • FY21 production of 73,685koz high margin gold ounces at A
Slide 21: Cracow Gold Operations - Accelerating Exploration
Aeris – Annual General Meeting 2021 Cracow Gold Operations For personal use only - Accelerating Exploration Near Mine New Spaces Resource updates Push mill to 650kt Prioritising targets Roses Pride +260%(1) Focus on increasing UG mine life Drilling underway at Ballymore and Klondyke Roya
Slide 22: Cracow Gold Operations Mining and exploration pipeline
Aeris – Annual General Meeting 2021 Cracow Gold Operations For personal use only Mining and exploration pipeline Note: Orange arrows indicated targeted advancements in respective projects in FY22. 22
Slide 23: Exploration of near mine target areas
Aeris – Annual General Meeting 2021 Cracow Gold Operations For personal use only Exploration of near mine target areas • Three rigs drilling underground • Increased FY22 budget to A$9M • Multiple untested targets 23
Slide 24: Exploring in new spaces – looking for the next big discovery
Aeris – Annual General Meeting 2021 Cracow Gold Operations For personal use only Exploring in new spaces – looking for the next big discovery Prospectivity review completed. Revision of priority targets. ● Cracow South-West Identified as a potential analogue of the Western field mineralised system
Slide 25: Resources Growth
Aeris Resources For personal use only Growth 25
Slide 26: M&A remains a focus
Aeris – Annual General Meeting 2021 For personal use only M&A remains a focus Aeris Resources M&A strategy Commodities Gold and Copper ● Pursue strategic M&A Location Australia opportunities that add value, Offshore – Risk reward complement existing portfolio and transform Aeris into a mid- Pr
Slide 27: Resources Summary
Aeris Resources For personal use only Summary 27
Slide 28: Summary
Aeris – Annual General Meeting 2021 For personal use only Summary FY21 FY22 Transformational year Tritton guidance 21-22kt Cu @ AISC between $4.10/lb and $4.45/lb Operations deliver against expectation Transformation from survival to growth Significant exploration success Developing 3 life
Slide 29: What makes Aeris different?
Aeris – Annual General Meeting 2021 What makes For personal use only Proven team with a Aeris different? consistent track record Further value to unlock Diversified, strong free cash generation We Are Aeris A platform for growth Favourable gold / copper price exposure Financially robust, rapidly del
Slide 30: Thank you
Aeris Resources For personal use only Thank you 30
Slide 31: Appendix A: Mineral Resource and Ore Reserve statements
Aeris Resources For personal use only Appendix A: Mineral Resource and Ore Reserve statements 31
Slide 32: Tritton – Mineral Resource
Aeris – Annual General Meeting 2021 Tritton – Mineral Resource For personal use only - June 2021 Tritton Tenement Package June 2021 June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Budgerygar M
Slide 33: Tritton – Ore Reserve
Aeris – Annual General Meeting 2021 Tritton – Ore Reserve For personal use only - 2021 Tritton Tenement Package June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Proved 1,800 1.2 21 0.1 4 3.0 170 Probable 0 0.0 0 0.0 0 0.0 0 TOTAL 1,800 1.2 21 0.1 4 3.0 170
Slide 34: Cracow – Mineral Resource and Ore Reserve
Aeris – Annual General Meeting 2021 For personal use only Cracow – Mineral Resource and Ore Reserve 2021 Mineral Resource Cracow Tenement Package 2021 Ore Reserve Cracow Tenement Package June 2021 June 2021 Tonnes (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Au (g/t) Au (koz) Cracow CRACOW M
Slide 35: Competent Persons statement
Aeris – Annual General Meeting 2021 Competent Persons statement For personal use only Competent Person’s Statement – Mineral Resource Mr Cox confirms that he is the Competent Person for all the Mineral Resource estimates summarised in this Report and he has read and understood the requirements of th
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