Aeon Metals — ASX Spotlight Series May 2014
21 slides from Aeon Metals's conference presentation, May 2014
Slide 1: Transforming into a premier base metals company
Transforming into a premier base metals company May 2014 ASX Spotlight Series ASX Code: AQR Aeon Metals Limited | ASX: AQR | www.aeonmetals.com.au
Slide 2: Disclaimer
Disclaimer Important Information This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitation to
Slide 3: Corporate Overview – Post Aston Metals Transaction
Corporate Overview – Post Aston Metals Transaction Capital Structure Share Price Graph • Aeon Metals Limited (ASX:AQR) • 297m shares on issue • ~80m options • Share Price - ~$0.13 • Market Capitalisation (undiluted) ~$35m Board of Directors Shareholders Post $8m Raise • Thomas Mann Chairman • OCP Ho
Slide 4: The New Aeon Metals – all about market timing
The New Aeon Metals – all about market timing • Aeon Metals is actively focused on large base metals projects – prime locations in Queensland • Used current market dynamics (bad!) to advantage with recent acquisition of Aston Metals (Qld) Limited from Receiver: • includes the large Walford Creek Pro
Slide 5: Transaction Rationale – A pathway to value creation
Transaction Rationale – A pathway to value creation Value-accretive acquisition provides significant scale and sustained growth potential 100%-owned Walford Creek Project Continuity of Management Complementary asset base Favourable market timing S&P/ASX 300 Metals & Mining Index Aeon Metal
Slide 6: Combined Queensland Assets – Significant growth potential
Combined Queensland Assets – Significant growth potential Aston Metals Aeon Metals • World class copper • Large copper province district in close proximity to existing infrastructure • Walford Creek Project (100%): • Growing JORC Resource base • JORC Resource - 475,000t of copper • 48mt @ 1.42% Cu -
Slide 7: Aston Metals – Projects Overview
Aston Metals – Projects Overview • Extensive exploration tenement portfolio in proven producing North West Queensland Minerals Province • Priority: Walford Creek Project - JORC Inferred & Indicated Resource - Pathway to project development – open pittable • Other Projects: Linked by significant faul
Slide 8: Walford Creek – Extensive drilling undertaken
Walford Creek – Extensive drilling undertaken Inferred & Indicated Indicated • 215 shallow holes drilled • 34,190m in 3 phases of work • ~$8m drilling program for 14,929m during 2010-12 - Private hands - 2013 – no holes drilled due to corporate difficulty Company Period Drilling 1) WMC 1989-96 93 ho
Slide 9: Walford Creek – JORC Resource
Walford Creek – JORC Resource Cu- Mineral Category Tonnes Cu Pb Zn Ag Co Equiv1 (mt) (%) (%) (%) (gpt) (ppm) (%) Combined Indicated 14.7 0.46 0.83 1.04 20.1 920 1.62 Inferred 33.6 0.36 0.83 0.81 20.5 648 1.33 Total 48.3 0.39 0.83 0.88 20.4 731 1.42 At 0.5% Cu-Eq cut off based on A$3.00/lb - Cu, A$0.
Slide 10: Walford Creek – Fault bound mineralisation extending +25kms
Walford Creek – Fault bound mineralisation extending +25kms Indicated Inferred Exploration Potential Aeon Metals Limited | ASX: AQR | www.aeonmetals.com.au
Slide 11: Walford Creek – Mine development pathway
Walford Creek – Mine development pathway 2014 2015 Walford Creek Activity Q2 Q3 Q4 Q1 Q2 Q3 Q4 6,000m drill program – Resource extension Mining pit optimisation/scheduling review Infrastructure studies Metallurgical testing, process flowsheet 6,000m drill program ` Environmental studies Pre-Feasibil
Slide 12: Aeon Projects
Aeon Projects • Large Copper Province in close proximity to existing infrastructure - 150km by road to Gladstone port - Overhead powerlines - Major mining service providers servicing nearby Bowen Basin coal industry - Nearby regional airport serviced by Qantas • Growing JORC resource base - 475,000t
Slide 13: Aeon Projects – Ben Hur Copper Project
Aeon Projects – Ben Hur Copper Project • Maiden November 2013 Mineral Resource estimate for the John Hill copper-silver- molybdenum deposit within the Ben Hur Project JORC Classification Tonnage Cu Grade Mo Grade Ag Grade Cu Mo Ag (@ 0.24% Cu cut-off) (Mt) (%) (%) (g/t) (t) (Mlb) (Moz) Inferred 62 0
Slide 14: Ben Hur Copper Project
Ben Hur Copper Project • The John Hill deposit a small component of the overall Ben Hur Project • The known mineralisation at Ben Hur is 6.3km long and 2km wide • 59 holes have been drilled by Kennecott (1970’s) approx 1km to north of John Hill deposit • All Kennecott holes were shallow and historic
Slide 15: Aeon Projects – Greater Whitewash Project
Aeon Projects – Greater Whitewash Project • Large resource base ~10km from Ben Hur Project • MDL Status • The resource remains open at depth, along strike and across strike in many places • Molybdenum leverage • Additional drilling could materially increase resource • Next steps: - Combine Ben Hur a
Slide 16: Aeon projects – 7B, a new discovery
Aeon projects – 7B, a new discovery • Greenfields discovery (Nov 2012) of previously unknown high grade outcropping copper mineralisation at 7B, 20km west of Whitewash • 3 drilling programs completed – 55 holes for 5,464m • Significant copper grade mineralisation from surface • Mineralisation has be
Slide 17: Aeon the new force in Australian metals
Aeon the new force in Australian metals • Significant growth potential • Acquisition taking advantage of market timing • Recent $8m raise • Base metal (Cu, Pb, Zn, Mo, Co) + Ag leverage. Aeon Metals Limited | ASX: AQR | www.aeonmetals.com.au
Slide 18: Appendix A: Walford Creek Competent Person Statement
Appendix A: Walford Creek Competent Person Statement Competent Person Statement The data in this report that relates to Mineral Resource Estimates for the Walford Creek Deposit is based on information evaluated by Mr Simon Tear who is a Member of The Australasian Institute of Mining and Metallurgy (
Slide 19: Appendix B: Aeon Competent Persons Statement
Appendix B: Aeon Competent Persons Statement Competent Person Statement The information in this report that relates to Exploration Results and Mineral Resources for Ben Hur is based on information compiled by Mr Robin Simpson, a Competent Person who is a Member of the Australian Institute of Geoscie
Slide 20: Appendix C: Contained Metal Equivalents
Appendix C: Contained Metal Equivalents Contained Metal Equivalents It is the Company's opinion that all the elements included in the metal equivalents calculation below have a reasonable potential to be recovered. The following metal prices were used for the calculation of copper equivalent - A$3.5
Slide 21: Contact us
Contact us Corporate Advisors: Palladion Partners Aeon Metals Limited Level 14, 234 George Street Suite 11, Level 3, 88 Pitt Street Sydney NSW 2000 Sydney NSW 2000 Andrew Bald, MD Hamish Collins, MD info@palladion.com.au info@aeonmetals.com.au Aeon Metals Limited | ASX: AQR | www.aeonmetals.com.au w