Aeris Resources Limited · ASX:AIS
Aeris Resources — Q4 2024 Earnings Presentation
23 slides from Aeris Resources's earnings presentation, Jul 29, 2024
Slide 1: Q4 FY24 Results
Q4 FY24 Results 30 July 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 Q4 FY24
Key points for Q4 FY24 Increased copper equivalent production of 10.2kt for the quarter at Exploration undertaken at Constellation (Tritton), Cracow and gold AISC of A$5.45/lb target at Jaguar Tritton performed well with production and grades higher on Jaguar on care and maintenance – restart study
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer Mt Colin Mine (100%) Mine Type U/G Cu, Au FY24 Production 7kt Cu Cracow Operations (100%) Barbara Project (100%) – Development Mine Type U/G Au FY24 Production 46koz Au Mine Type U/G Cu, Au Resource1 45kt Cu North Queensland Jagu
Slide 5: Tritton
Tritton NSW
Slide 6: Tritton Q4 results
Q4 results Strong production from new mines Production Mar 24 Jun 24 FY24 FY24 FY25 Copper production of 5.4kt at AISC of $5.23/lb Unit Summary Qtr Qtr YTD Guidance Guidance Copper Produced kt 4.3 5.4 19.7 19 – 24 21 - 25 Improved volumes and grades from Avoca Tank and Budgerygar Gold Produced koz 1
Slide 7: Constellation exploration
Constellation exploration Drilling underway to test subvertical stand-up zone 7
Slide 8: Cracow
Cracow Queensland
Slide 9: Cracow Q4 results
Q4 results Cracow production and costs to plan Production Mar 24 Jun 24 FY24 FY24 FY25 Gold production of 11.6koz at AISC of A$2,533/oz Unit Summary Qtr Qtr YTD Guidance Guidance Gold Produced koz 10.2 11.6 45.7 38 - 48 40 - 49 Operating and capital costs as per plan Gold Sold koz 10.1 11.6 45.9 Cos
Slide 10: Near mine exploration
Near mine exploration Defining new mineralised structure at Apollo Further 6 drill holes completed at Apollo targeting high grade mineralisation (awaiting assays) Significant target area to be followed up in the next quarter 5 drill holes also completed at the Coronation West target in the Western V
Slide 11: Mt Colin
Mt Colin North Queensland
Slide 12: Mt Colin Q4 results
Q4 results Continued strong mining performance Copper production of 1.3kt at AISC of A$6.17/lb from one Production Mar 24 Jun 24 FY24 FY24 FY25 processing run Unit Summary Qtr Qtr YTD Guidance Guidance Continued strong mining performance with ore tonnes Copper Produced kt 1.6 1.3 6.8 8 - 10 6 -7 ahe
Slide 13: Jaguar
Jaguar Western Australia
Slide 14: Jaguar Q4 activities
Q4 activities Jaguar now focused on restart studies and gold exploration Mar 24 Jun 24 FY24 FY24 Production Summary Unit Qtr Qtr YTD Guidance Zinc Produced kt - - 3.1 1.2 - 1.5 Operation on care and maintenance Copper Produced kt - - 0.6 0.2 - 0.3 Gold Produced koz - - 0.4 0.2 - 0.3 Pre-feasibility
Slide 15: Gold exploration
Gold exploration Heather Bore prospect Located nearby Northern Star’s Thunderbox operation Extensive, shallow +0.5g/t Au gold anomaly 2 diamond drill holes completed (awaiting assays) Hematite, sericite, silica and pyrite alteration assemblages observed in drill core Heather Bore alteration styles 1
Slide 16: Stockman Project
Stockman Project Victoria a oa
Slide 17: Stockman Q4 activities
Q4 activities Feasibility study incorporating Albion processing progressing Metallurgical test work demonstrated a step change improvement in Recovery into concentrate1 recoveries can be achieved through the Albion process Original Updated Flowsheet Detailed test work and engineering of simplified p
Slide 18: Corporate
Corporate Closing cash and receivables of $33.4 million with cash of $24.8 million1 Sep Dec Mar Jun (A$ Million) 2023 2023 2024 2024 Excludes additional $10M restricted cash applied to environmental Qtr Qtr Qtr Qtr bonding Closing cash 21.9 22.7 19.4 24.8 Trade payables and other creditors balance s
Slide 19: Focus for next quarter
Focus for next quarter Completion of Barbara feasibility study and determination of Finalisation of tenders for Murrawombie Pit mining contract at Tritton permitting pathway Continuation of Constellation drill program at Tritton Restart options study for Jaguar Exploration results from Apollo and Co
Slide 20: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer 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 average pricing
Slide 21: Thank You
Thank You
Slide 22: FY25 guidance
FY25 guidance FY25 FY24 FY25 FY24 Group Tritton Guidance Actual Guidance Actual 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 Costs Mining $M
Slide 23: FY25 guidance
FY25 guidance FY25 FY24 FY25 FY24 Cracow North Queensland Guidance Actual Guidance Actual 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 $M 11 - 13 11.7