Aurelia Metals Limited · ASX:AMI

Aurelia Metals — RIU Sydney Conference May 2018

28 slides from Aurelia Metals's conference presentation, May 7, 2018

1. Slide 1: Building the Next Mid-Tier Gold and Base Metals Producer

   For personal use only ^yŽĚĞ͗D/ ƵŝůĚŝŶŐƚŚĞEĞdžƚDŝĚͲdŝĞƌ'ŽůĚĂŶĚĂƐĞDĞƚĂůƐWƌŽĚƵĐĞƌ ‡ ĂŶǁĞŐĞƚĂĐĐĞƐƐƚŽƐŽŵĞ ŝŵĂŐĞƐŽĨWĞĂŬƚŽƵƐĞŽŶƚŚĞ ĐŽǀĞƌŚĞƌĞ͍ Z/hŽŶĨĞƌĞŶĐĞWƌĞƐĞŶƚĂƚŝŽŶʹ DĂLJϮϬϭϴ :ŝŵ^ŝŵƉƐŽŶ͕DĂŶĂŐŝŶŐŝƌĞĐƚŽƌΘK

2. Slide 2: Forward Looking Statement

   Forward Looking Statement For personal use only 7KLV SUHVHQWDWLRQ KDV EHHQ SUHSDUHG E\ $XUHOLD 0HWDOV /LPLWHG ³$0,´ RU WKH ³&RPSDQ\´ ,W VKRXOG QRW EH FRQVLGHUHG DV DQ RIIHU RU LQYLWDWLRQ WR VXEVFULEH IRU RU SXUFKDVH DQ\ VHFXULWLHV LQ WKH &RPSDQ\ RU DV DQ LQGXFHPHQW WR PDNH DQ RIIHU RU LQYLWDWLRQ ZLW

3. Slide 3: Aurelia Metals: Building the Next Mid-Tier Gold and Base Metals Company

   For personal use only $85(/,$0(7$/6 %8,/',1*7+(1(;70,'7,(5*2/'%$6( 0(7$/6&203$1<:,7+*52:7+$1'67521*),1$1&,$/ 3(5)250$1&( -LP6LPSVRQ 0DQDJLQJ 'LUHFWRU DQG &KLHI ([HFXWLYH 2IILFHU ϯ

4. Slide 4: Company Highlights

   Company Highlights For personal use only 9 dƵƌŶĂƌŽƵŶĚĂƚ,ĞƌĂƌĞƐŽůǀŝŶŐƉƌŽĐĞƐƐŝŶŐŝƐƐƵĞƐ͕ďĞƚƚĞƌŵŝŶŝŶŐƉƌĂĐƚŝĐĞƐĂŶĚ ƌĞĚƵĐŝŶŐƐŝƚĞĐŽƐƚƐ 9 ůů/Ŷ^ƵƐƚĂŝŶŝŶŐĐŽƐƚƐƌĞĚƵĐĞĚƉƌŽǀŝĚŝŶŐŽŶĞŽĨƚŚĞůŽǁĞƐƚĐŽƐƚŽƉĞƌĂƚŝŽŶƐŝŶ ƵƐƚƌĂůŝĂ 9 ^ƚƌŽŶŐĐĂƐŚĨůŽǁƌĞĚƵĐŝŶŐŶĞƚĚĞďƚĨƌŽŵΨϭϭϴDƚŽΨϴD;ϭͿ ƐŝŶĐĞ:ĂŶϮϬϭϲ 9 'ůĞŶĐŽƌĞŚĂƐďĞĞŶƌĞƉĂŝĚ 9 ĐƋƵŝƐŝƚ

5. Slide 5: Key Assets – Located in the productive Cobar Region

   Key Assets – Located in the productive Cobar Region For personal use only ŽƵƌŬĞ Endeavour Zn/Pb/Ag (Toho) Australia CSA Cu (Glencore) NSW ELJŶŐĂŶ ŽďĂƌ Peak Au/Cu (New Gold) Cobar Nymagee Cu Project Basin Hera Au/Pb/Zn Mine Mallee Bull Cu/Pb/Zn Project (Peel/CBH) EĞǁĐĂƐƚůĞ KZE' WĂƌŬĞƐ Wonawinta Ag >ŝƚ

6. Slide 6: The Peak a Perfect Growth Opportunity for Aurelia

   The Peak a Perfect Growth Opportunity for Aurelia Neighbouring Located 75km (90km by road) north of Aurelia’s Hera For personal use only Acquisition positions Aurelia with a dominant Operations operations, offering significant operational synergies landholding in a highly endowed mineral province Di

7. Slide 7: The Peak – A Large Cobar Footprint

   The Peak – A Large Cobar Footprint For personal use only ‡ $XUHOLD ZLOO DFTXLUH LQWHUHVW LQ OLFHQFHV FRYHULQJ NP LQ WKH &REDU *ROG )LHOGV ‡ /LFHQFHV H[WHQG QRUWKVRXWK RYHU D NP WUHQG RI SURVSHFWLYH JURXQG DORQJ WKH HDVWHUQ PDUJLQ RI WKH &REDU %DVLQ ϳ

8. Slide 8: Peak Mines - A 10km Corridor of High Grade Mines

   Peak Mines - A 10km Corridor of High Grade Mines For personal use only ‡ Mining from two underground mines currently: I. Perseverance/Chronos II. New Cobar/Chesney/Jubilee ‡ Mining Inventory indicating potential for an eight year mine life ‡ Significant scope to discover further ore sources within t

9. Slide 9: AMI Resources & Reserves

   AMI Resources & Reserves Aurelia - Total Resources For personal use only Gold Lead Zinc Silver Copper Tonnes (kt) (g/t) (%) (%) (g/t) (%) Measured 605 3.0 2.8 4.0 24 N/A Indicated 1,729 3.0 2.3 3.4 16 N/A Inferred 599 1.9 3.2 4.6 46 N/A Hera Total MI&I Resources 2,934 2.8 2.6 3.8 24 N/A Nymagee Tota

10. Slide 10: Peak Mines – Reserves

    Peak Mines – Reserves For personal use only WĞĂŬDŝŶĞƐ 'ƌĂĚĞ ŽŶƚĂŝŶĞĚ 'ŽůĚ ^ŝůǀĞƌ ŽƉƉĞƌ 'ŽůĚ ^ŝůǀĞƌ ŽƉƉĞƌ WƌŽǀĞŶĂŶĚƉƌŽďĂďůĞƌĞƐĞƌǀĞƐ dŽŶŶĞƐ ;ŐͬƚͿ ;ŐͬƚͿ ;йͿ ;<ŽnjͿ ;<ŽnjͿ ;DůďƐͿ WĞƌƐĞƌǀĞƌĂŶĐĞ ϳϰϯ ϰ͘ϲϲ ϰ͘ϲϮ Ϭ͘ϳϭй ϭϭϭ ϭϭϬ ϭϮ ŚƌŽŶŽƐ ϮϬϳ ϭϭ͘ϴϴ ϱϮ͘ϲϴ Ϭ͘ϱϴй ϳϵ ϯϱϭ ϯ WĞĂŬ ϱϲ ϰ͘ϯϱ ϳ͘ϲϵ Ϭ͘ϱϱй ϴ ϭϰ ϭ ^ŽƵƚŚĞƌŶDŝŶĞŽ

11. Slide 11: Hera Resources and Reserves

    Hera Resources and Reserves 0LQH,QYHQWRU\LQFUHDVHGWR\HDUVZLWK+HUD \HDUV DQG1\PDJHH \HDUV For personal use only ϭϭ

12. Slide 12: Company Overview

    Company Overview For personal use only 9 2SHUDWLRQV 9 1HDU0LQH3URMHFWV 9 ([SORUDWLRQ 9 0 $ ϭϮ

13. Slide 13: Growing Company Profile

    Growing Company Profile For personal use only džƉůŽƌĂƚŝŽŶͲ WĞĂŬ &KURQRV([WHQVLRQV 3HDN'HHSV -XELOHH([WHQVLRQV'DSYLOOH *UHDW&REDU džƉůŽƌĂƚŝŽŶͲ ,ĞƌĂ +HUD² ([SORUDWLRQ%XGJHWIRU -XQR+HEH=HXV$WKHQD 1\PDJHH([WHQVLRQV EĞĂƌDŝŶĞWƌŽũĞĐƚƐ 1\PDJHH² 3UHIHDVLELOLW\6WXG\DQG3HUPLWWLQJ \HDUH[WHQVLRQ *UHDW&REDU² 3HUPLW

14. Slide 14: Key Focus – Deliver strong cash margin

    Key Focus – Deliver strong cash margin For personal use only )< ‡ +LJKHUWKURXJKSXW ‡ ,PSURYHG$X UHFRYHULHV ‡ /RZHUXQLWFRVWVDQG WUHDWPHQWWHUPV ‡ ,QFUHDVLQJEDVHPHWDO SURGXFWLRQ ‡ 5HJXODUVKLSPHQWV ϭϰ

15. Slide 15: Low Cost Producer - AISC

    Low Cost Producer - ASIC For personal use only >ŽǁĞƐƚĐŽƐƚŚŝŐŚĞƐƚŵĂƌŐŝŶŐŽůĚƉƌŽĚƵĐĞƌ 0DU$,6&RI$R] ZKLFKLVDQLPSURYHPHQWRQ'HF4XDUWHU $R] 7RSOHDGLQJJROGSURGXFHUVJUDSKHGEHORZVKRZ$,6&DQG$,& )&) PDUJLQV IRU'HF4XDUWHU /^DĂƌŐŝŶ;ΨͬŽnjͿ &&ͬŽnj ;ΨͬŽnjͿ ϭϰϬϬ ϭϮϬϬ ϭϮϬϬ ϭϬϬϬ ϭϬϬϬ ϴϬϬ ϴϬϬ ϲϬϬ ϲϬϬ ϰϬϬ ϰϬϬ ϮϬϬ ϮϬϬ Ϭ Ϭ /'

16. Slide 16: Key Focus – Deliver reduced net debt

    Key Focus – Deliver reduced net debt For personal use only ‡ &XUUHQW,QYHVWHFGHEWRI0 $SU ‡ 1HWFDVKSRVLWLRQ0 0DUFK SULRUWRSXUFKDVHRI3*0 ‡ $SSUR[LPDWHQHWGHEWSRVLWLRQRI0DWHQGRI$SULODIWHUDFTXLVLWLRQ ZRUNLQJFDSLWDODGMXVWPHQWVDQGDFTXLVLWLRQFRVWV ϭϲ

17. Slide 17: Hera – Delivering strong operating performance

    Hera – Delivering strong operating performance For personal use only ϭϳ

18. Slide 18: Hera - North Pod ready to be mined

    Hera - North Pod ready to be mined For personal use only ^ E E ƐďƵŝůƚŵŝŶĞ ĚĞǀĞůŽƉŵĞŶƚ EŽƌƚŚ WŽĚ ^ƚŽƉĞĚ ĂƌĞĂƐ ;ƉƵƌƉůĞͿ WůĂŶŶĞĚ ^ƚŽƉĞƐ ϱϬϬŵďĞůŽǁƐƵƌĨĂĐĞ WůĂŶŶĞĚŵŝŶĞ ĚĞǀĞůŽƉŵĞŶƚ ϭϴ ϭϴ

19. Slide 19: Peak Mines - Infrastructure (Southern Mine Corridor)

    Peak Mines - Infrastructure For personal use only Peak Development Perseverance Development Southern Mine Corridor – Mine Development Infrastructure ϭϵ

20. Slide 20: Peak Mines - Infrastructure (Northern Mine Corridor)

    Peak Mines - Infrastructure For personal use only New Cobar and Jubilee Development Chesney Development Northern Mine Corridor – Mine Development Infrastructure ϮϬ

21. Slide 21: Project Development

    Project Development For personal use only 9 ELJŵĂŐĞĞWƌĞͲ&ĞĂƐŝďŝůŝƚLJƐƚƵĚLJ&zϮϬϭϴͬϭϵ 9 ŚƌŽŶŽƐĚĞǀĞůŽƉŵĞŶƚ 9 'ƌĞĂƚŽďĂƌĂƉƉƌŽǀĂůƐǁŝƚŚĞdžƉůŽƌĂƚŝŽŶĚĞĐůŝŶĞ Ϯϭ

22. Slide 22: Nymagee Project

    1\PDJHH3URMHFW For personal use only 6FRSLQJ6WXG\ .H\)LQGLQJV 0LQH/LIH WR<HDUV 7KLV SURYLGHVDWRWDOSURMHFWOLIHRI\HDUVLQFOXGLQJ +HUD 3URGXFWLRQ7DUJHW 0WDW&X3E=Q 1659DOXH 165$W$W 6FRSLQJ 6WXG\PHWDOSULFHVRI86&X863EDQG 86 =Q); 2Q6LWH&RVWV $W ĂƉŝƚĂůŽƐƚƐ $0 WƌŽũĞĐƚĂƐŚ&ůŽǁ 0XQGLVFRXQWHG &ŽƌĨƵƌƚŚĞƌĚĞƚĂŝůƐ͕ƌĞ

23. Slide 23: Key Focus – Deliver growth in mine life (Nymagee)

    .H\)RFXV± 'HOLYHUJURZWKLQPLQHOLIH 1\PDJHH For personal use only 1\PDJHH/RQJ6HFWLRQ 1\PDJHH&X3E=Q ƒ 3UH)HDVLELOLW\ZRUN XQGHUZD\ZLWK HQYLURQPHQWDODQG PHWDOOXUJLFDOVWXGLHV ƒ ([SORUDWLRQSRWHQWLDODW GHSWK Detail on the Nymagee Resource can be found in the Company’s 2016 Annual Report Ϯϯ

24. Slide 24: Chronos and Great Cobar Projects

    Chronos and Great Cobar Projects For personal use only ‡ Potential for further discovery of high grade mineralisation ‡ Chronos: A 500m section from the current orebody to the surface is underexplored ‡ Great Cobar: High grade lead-zinc discovered at Anjea lens in the footwall Ϯϰ

25. Slide 25: Hera Mine – Drilling and Residual Prospectivity

    +HUD0LQH± 'ULOOLQJDQG5HVLGXDO3URVSHFWLYLW\ For personal use only EŽƌƚŚWŽĚ;ƵƉͲƉůƵŶŐĞͿ DĂŝŶ^ĂƚĞƉƚŚ ĞLJŽŶĚĂƚĞƉƚŚ Ϯϱ Ϯϱ

26. Slide 26: Key Focus – Deliver growth in mine life (Mine Trend)

    Key Focus – Deliver growth in mine life (Mine Trend) For personal use only 0LQH&RUULGRU ƒ +HUD1\PDJHHFRUULGRU UHPDLQVKLJKO\SURVSHFWLYH ƒ 7KH+HUD 1\PDJHH GHSRVLWVDUHERWKPDUNHG E\SURPLQHQWJUDYLW\KLJKV ƒ 6HYHUDOJUDYLW\WDUJHWV KDYHEHHQGHILQHGDORQJ NPRIVWULNH ƒ ([SORUDWLRQRIFRUULGRU SURSRVHGIRU)< Ϯϲ

27. Slide 27: Hera MLs – Major Prospects

    +HUD0/V± 0DMRU3URVSHFWV For personal use only ĞLJŽŶĚ ,ĂŵŵĞƌŚĞĂĚ <ĞƌƐŚĂǁƐ ,ĞďĞĞŶƚƌĂů ,ĞƌĂͲ:ƵŶŽ ϭ ,ĞďĞĂƐƚ ϯ͕ϰ Ϯ ,ĞďĞDĂŐΘ,ĞďĞ ,ĞďĞ^ŽƵƚŚĞĂƐƚ ĞŶƚƌĂůĞĞƉƐ ĞƵƐ ,ĞďĞ^ŽƵƚŚ ϱϬϬŵ ϲ ϱϬϬŵ ϱ ƚŚĞŶĂ ŶLJŽ Ϯϳ Ϯϳ

28. Slide 28: Questions?

    For personal use only YƵĞƐƚŝŽŶƐ͍ Ϯϴ

Aurelia Metals — RIU Sydney Conference May 2018 on 6ix