Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Ord Minnett East Coast Mining Conference 2023
25 slides from Aurelia Metals's conference presentation, Mar 22, 2023
Slide 1: Ord Minnett East Coast Mining Conference
ORD MINNETT EAST COAST MINING CONFERENCE Andrew Graham, Interim CEO ASX Code: AMI
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS ORD MINNETT EAST COAST MINING CONFERENCE This presentation has been prepared by Aurelia Metals Limited (“AMI” or the By its very nature, production and exploration for gold and base metals is a high “Company”). It should not be considered as an offer or invitation to subsc
Slide 3: Aurelia Metals – Today and the Future
AURELIA METALS – TODAY AND THE FUTURE ORD MINNETT EAST COAST MINING CONFERENCE Actual FY22A Revenue1 Mix by Commodity Illustrative Future Revenue Mix by Commodity 2 ~80% base ~45% base Copper metals revenue 7% metals revenue Gold & Silver Copper ~20% ~25% Zinc 22% Gold & Silver 56% Lead ~20% Lead 14
Slide 4: Portfolio Snapshot
PORTFOLIO SNAPSHOT ORD MINNETT EAST COAST MINING CONFERENCE Established production, low capital growth projects and high optionality provided by strategic infrastructure At a glance: • 3 x operating, base and precious metals mines in New South Wales • 2 consented, high-grade mine development project
Slide 5: Three Producing Base Metals and Gold Mines
5 THREE PRODUCING BASE METALS AND GOLD MINES ORD MINNETT EAST COAST MINING CONFERENCE With high value, strategic infrastructure Established Operating Mines and Processing Infrastructure PEAK HERA DARGUES Ownership 100% 100% 100% Products Cu, Zn, Pb, Au, Ag Zn, Pb, Au Au Region Cobar Basin, Central W
Slide 6: Future Underwritten by Two High-Quality Mine Developments
6 FUTURE UNDERWRITTEN BY TWO HIGH-QUALITY MINE DEVELOPMENTS ORD MINNETT EAST COAST MINING CONFERENCE Federation and Great Cobar are two of the highest grade undeveloped base metals resources in Australia Near-Term Development FEDERATION GREAT COBAR Project Approval Stage Development Consent Received
Slide 7: Strengthening Financial Position
7 STRENGTHENING FINANCIAL POSITION ORD MINNETT EAST COAST MINING CONFERENCE Low debt and growing net cash position • Business has returned to positive net Term loan and Performance bond balances cashflow from December $80M • Direct result of business optimisation and 33 renewal initiatives $60M 31 2
Slide 8: Operational Reset and Renewed Delivery
8 OPERATIONAL RESET AND RENEWED DELIVERY
Slide 9: Hera Mine
9 HERA MINE ORD MINNETT EAST COAST MINING CONFERENCE Returned to cash generation prior to transition to Care and Maintenance Gold production (koz) and AISC (A$/oz) • Optimised mine plan executed in December with immediate impact 3.0 7,000 $6,317/oz • Strong operational management of the mine 2.5 6,0
Slide 10: Peak Mine
10 PEAK MINE 18.6Mt at 1.4g/t Au, 1.7% Cu, 0.8% Cu, Resources1 ORD MINNETT EAST COAST MINING CONFERENCE Significant inventory and infrastructure to cornerstone AMI 1.1% Zn and 10.7g/t Ag11 2.5Mt at 2.1g/t Au, 1.3% Cu, 1.9% Cu, • 30-year production history with track record of Reserves1 2.3% Zn and 1
Slide 11: Dargues Mine
11 DARGUES MINE ORD MINNETT EAST COAST MINING CONFERENCE Reliable, consistent performer and source of cash flow • Located in historical gold district in south-east NSW, 60kms from Canberra • High quality processing plant now permitted to operate at 415ktpa • Regional exploration a source of potentia
Slide 12: Organisational Renewal Program
12 ORGANISATIONAL RENEWAL PROGRAM ORD MINNETT EAST COAST MINING CONFERENCE Comprehensive plan in place to lift performance COMPLETE ACTIVE NEXT New Interim CEO, CFO, Company • No Recordable Injuries in Jan or Feb • Peak Mine intervention: reduce $/t Secretary and Peak Mine General with TRIFR at 9.
Slide 13: Working Smarter Program
13 WORKING SMARTER PROGRAM ORD MINNETT EAST COAST MINING CONFERENCE Creative ideas driving margin improvement across the group A$24M target Implementing initiatives A$18.1M Initiatives in pipeline A$20M • Unleashing the power of our deeply experienced team, the ‘Working Smarter’ Program captures imp
Slide 14: Near Term Critical Minerals Future
14 NEAR TERM CRITICAL MINERALS FUTURE
Slide 15: Federation Base Metals Mine Development
15 FEDERATION BASE METALS MINE DEVELOPMENT ORD MINNETT EAST COAST MINING CONFERENCE Progressing from discovery to production at pace 22 MARCH 2023 View the Federation site flyover video here: https://www.youtube.com/watch?v=4uZrM6ptrAI
Slide 16: Federation Base Metals Mine Development
16 FEDERATION BASE METALS MINE DEVELOPMENT ORD MINNETT EAST COAST MINING CONFERENCE Materially de-risked with Development Consent received Project Development Permitting Decline to 80 metres above the orebody Development consent received Significant surface works completed • Final pre-producti
Slide 17: Great Cobar Copper Project to Follow
17 GREAT COBAR COPPER PROJECT TO FOLLOW ORD MINNETT EAST COAST MINING CONFERENCE Proximate to existing underground infrastructure and only 7km from the Peak plant • Sequenced to match the ramp-down of the existing Peak mine sources • Copper Mineral Resource grown 45% since FY21 to 7.7Mt @ 2.3% Cu, 0
Slide 18: Exploration Opportunities
18 EXPLORATION OPPORTUNITIES
Slide 19: Cobar Exploration Portfolio
19 COBAR EX PLORATION PORTFOLIO ORD MINNETT EAST COAST MINING CONFERENCE >120 exploration prospects in highly prospective region • The Cobar Basin represents one of the most historically significant mining jurisdictions in Australia and remains under-explored and highly prospective • Cobar-style dep
Slide 20: A Bright Future for Peak Mine
20 A BRIGHT FUTURE FOR PEAK MINE ORD MINNETT EAST COAST MINING CONFERENCE Recent drilling returned high copper and gold grades across three prospects Chesney East Gold Lens • 10m from existing underground development • Results include: ‒ 9.0m @ 0.4% Cu and 21.9g/t Au Including 3.0m @ 0.2% Cu and 6
Slide 21: Exciting Geophysical Results at Nymagee
21 EX CITING GEOPHYSICAL RESULTS AT NYMAGEE ORD MINNETT EAST COAST MINING CONFERENCE Four Induced Polarisation (IP) survey results materially enhance prospect attractiveness • All four prospects tested – Lancelot, Vaucluse, Piney and Lyell-Burge Trig – contain high chargeability levels • Including 9
Slide 22: Aurelia Metals
22 AURELIA METALS A compelling base metals investment opportunity ORD MINNETT EAST COAST MINING CONFERENCE STRONG OPERATING BASE WITH NEAR TERM GROWTH 3 x producing mines returned to positive cashflow under new management 2 x peer-leading, permitted, base metals mine development projects Capit
Slide 23: Appendix
23 APPENDIX Ord Minnett East Coast Mining Conference
Slide 24: Aurelia Snapshot
24 AURELIA SNAPSHOT ORD MINNETT EAST COAST MINING CONFERENCE Our vision is to be a mining business recognised for creating ASX: AMI exceptional value through our people and a portfolio of base metals and gold assets. Share price (21 March 2023) A$0.105 Shares on issue 1,237 B Market capitalisation A
Slide 25: Contact
CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com.au
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