29metals Limited · ASX:29M
29metals — Shareholder Meeting (May 2022)
32 slides from 29metals's shareholder meeting presentation, May 24, 2022
Slide 1: AGM – Chair Address and Managing Director & CEO Presentation
ASX ANNOUNCEMENT Tuesday, 24 May 2022 For personal use only AGM – CHAIR ADDRESS AND MANAGING DIRECTOR & CEO PRESENTATION 29Metals Limited (‘29Metals’ or, the ‘Company’) Annual General Meeting commences at 11 am (Melbourne time) today. Accompanying this release is a copy of the Chair’s address to the
Slide 2: Chair Address
29Metals Limited 2022 Annual General Meeting For personal use only CHAIR ADDRESS It is my pleasure to be here with you, our shareholders, for the 29Metals Limited 2022 Annual General Meeting, 29Metals’ first AGM. 2021 was a landmark year for 29Metals, with the Company formed in May, and successfully
Slide 3: Chair Address (continued)
Our strategy is simple – execute our operating plans and deliver our growth opportunities. The 29Metals portfolio is blessed with a substantial pipeline of organic growth opportunities, comprising: ▪ identified productivity and operational improvements; For personal use only ▪ in-mine and near-mine
Slide 4: Chair Address: stakeholders and governance
29Metals’ Our Approach to Sustainability & ESG also provides a catalyst for further engagement with our stakeholders – First Nations, regulatory stakeholders, business partners and local communities alike – to ensure that our actions deliver meaningful outcomes. For personal use only It is also a ca
Slide 5: 29Metals Annual General Meeting 2022
29Metals Limited For personal use only Annual General Meeting Chair Address and Managing Director & CEO Presentation 24 May 2022
Slide 6: Important information
Important information The information in this presentation has been derived from material publicly released by 29Metals and is provided for informational purposes only and may be changed or updated without notice. The information presented should not be used for any purpose other than gaining genera
Slide 7: Important information
Important information For personal use only PRESENTATION CURRENCY AND ROUNDING 29Metals functional currency is Australian dollars (‘A$’). Unless otherwise stated, all financial information in this presentation is in A$. Financial information in this presentation is subject to rounding. MINERAL RESOU
Slide 8: Chair Address
Chair Address Owen Hegarty OAM For personal use only Owen Hegarty OAM Chair, Non-executive Director 4
Slide 9: Foundational Year for 29Metals
Foundational Year for 29Metals Right assets, right team, right market – culminating in a successful IPO For personal use only 5
Slide 10: Our Vision & Strategy
Our Vision & Strategy Our vision is to be a leading ASX-listed copper producer, developer and explorer, offering investors exposure to attractive market dynamics for copper and other metals critical to the global energy transition For personal use only Our Strategy Execute Our Plan Deliver Organic G
Slide 11: Year in Review - 2021
Year in Review - 2021 A year in two parts – preparation for successful IPO followed by strong operational delivery in second half For personal use only Successful IPO and listing on 2 July 2021 Preparation for o $245m Primary proceeds raised Successful IPO 29M o Largest base metals IPO for more th
Slide 12: Sustainability & ESG
Sustainability & ESG 29Metals recognises that commitment to Sustainability & ESG is crucial to having a successful business that generates sustainable returns For personal use only Note: 29Metals 2021 Sustainability & ESG report was included in the 2021 29Metals Annual Report released to ASX on 21 A
Slide 13: Governance
Governance Commitment to ethical and responsible business practices, founded on robust governance For personal use only 9
Slide 14: Managing Director & CEO Presentation
Managing Director & CEO Presentation Peter Albert For personal use only Peter Albert Managing Director & CEO 10
Slide 15: Management Team
Management Team Executive Leadership For personal use only Peter Albert Ed Cooney Peter Herbert Clifford Tuck Managing Director & Chief Operating Officer Chief Financial Officer Chief Governance & CEO Legal Officer Senior Management Andrew Miller Grace Fong Mark van Heerden General Manager Operation
Slide 16: Sustainability & ESG
Sustainability & ESG Sustainable mining is a critical component of the global economy and “good business” For personal use only Safe and inclusive workplace providing a healthy and safe workplace for employees, contractors and business partners, and eliminating serious injuries identifying and r
Slide 17: Our Values
Our Values What we will expect of each other and what others can expect of us For personal use only 13
Slide 18: Roadmap to reporting aligned with TCFD recommendations
Sustainability & ESG Our roadmap to reporting aligned with TCFD recommendations For personal use only Metrics and Targets 15
Slide 19: Growth-focused Strategy
Growth-focused Strategy Delivery against our plan and converting our pipeline of organic growth opportunities Execute Our Plan Deliver Organic Growth For personal use only External Growth Execute Our Plan Deliver operating plan Continuous improvement Safety and environmental performance Further prod
Slide 20: Our Portfolio: Golden Grove
Our Portfolio Multiple ore sources and in-mine and near mine growth opportunities For personal use only Golden Grove orebody long-section 1 Potential 3rd Mining Front Existing Operations 1. The outline of material mineralisation included in 31 December 2021 Mineral Resources estimates for Golden Gro
Slide 21: Our Portfolio: Capricorn Copper
Our Portfolio CC Multiple ore sources and in-mine and near mine growth opportunities For personal use only Capricorn Copper Capricorn Copper orebody long-section 1 1. The outline of material mineralisation included in 31 December 2021 Mineral Resources estimates for Capricorn Copper depicted for ill
Slide 22: 2021 Performance Snapshot
2021 Performance Snapshot For personal use only Health & safety Cu-eq 3 production AISC 3 TRIFR 1 12.1 / LTIFR 2 0.7 68kt Cu-eq 3, 4 US$3.41/lb Successfully managed COVID-19 risks Exceeded Pro forma Forecast Improved H2 despite cost / labour pressures Strong margins to US$4.22/lb copper price 6 Prof
Slide 23: Golden Grove
Golden Grove Solid progress against our strategy in 2021 For personal use only Operating Mine Operational De-risking Milestones Re-commencement of hoisting First ore from Xantho Extended operations at Scuddles Tailings capacity expansion Secured final approvals for paste-fill Western Australia, Aust
Slide 24: Delivery Against Our Strategy in 2021: Golden Grove
Delivery Against Our Strategy in 2021 Progress on organic growth opportunities and operational de-risking at Golden Grove For personal use only Existing evaporative cooling system Progress of paste-fill plant construction Scuddles winder Xantho Extended drill core Triple sequential flotation Cervant
Slide 25: Capricorn Copper
Capricorn Copper Solid progress against our strategy in 2021 For personal use only Operating Mine Operational De-risking Milestones Self-propagation and breakthrough of Re-commissioning of paste-fill Esperanza South SLC Tailings capacity expansion Water management infrastructure Queensland, Australi
Slide 26: Delivery Against Our Strategy in 2021: Capricorn Copper
Delivery Against Our Strategy in 2021 Progress on organic growth opportunities and operational de-risking at Capricorn Copper For personal use only Regional exploration Breakthrough of vent raise at ESS Sub-level cave surface breakthrough ETSF in operation Water management infrastructure 23
Slide 27: Looking Ahead to 2022
Looking Ahead to 2022 Challenging external conditions to be navigated in 2022 For personal use only COVID-19 Labour Supply Market Chain Pressures Disruptions Geopolitical Risk 23
Slide 28: Looking Ahead to 2022: Execute Our Plan
Looking Ahead to 2022 Building on the progress in 2021 For personal use only Execute Our Plan Continuing strong copper production, increasing zinc production; reduce unit costs Deliver operating plan Complete Hougomont-Oizon-Xantho Extended decline (the ‘HOX Link’) at Golden Grove Completed tr
Slide 29: Looking Ahead to 2022: Deliver Organic Growth
Looking Ahead to 2022 Building on the progress in 2021 For personal use only Deliver Organic Growth Productivity and Commencement of paste-fill operations at Golden Grove operational improvements Increase stope intervals to 45m at Xantho Extended Up to 59km of resource extension & delineation
Slide 30: Appendix
For personal use only Appendix
Slide 31: Definitions of Non-IFRS Financial Information Metrics
Definitions of Non-IFRS Financial Information Metrics METRIC DEFINITION AISC is all-in sustaining costs, and is calculated as C1 Costs plus royalties cost, corporate costs, sustaining capital and capitalised development costs, but excludes growth capital and exploration. AISC is cited per pound of p
Slide 32: Unlocking value to empower the future
For personal use only Unlocking value to empower the future 29