Aeris Resources Limited · ASX:AIS
Aeris Resources — Diggers and Dealers Conference 2019
26 slides from Aeris Resources's conference presentation, Aug 7, 2019
Slide 1: Copper Producer and Explorer
Copper Producer and Explorer Diggers and Dealers Conference August 2019 Presented by: Andre Labuschagne ASX: AIS
Slide 2: Disclaimer
Disclaimer This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (Aeris) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of Aeris. Accordingly, these state
Slide 3: Compliance Statements
Compliance Statements Tritton Copper Operations Production Targets Cautionary Statement The presentation includes references to a Production Plan (Production Targets) for the Company’s Tritton Copper Operations. The Production Targets referred to in this presentation are based on: ― Proved Ore Reser
Slide 4: Investment Highlights
Investment Highlights Producing Exploring Growing Tritton Copper Ops Tritton Exploration Growing the business • FY20 ‐ 24.5kt Cu • 2,160km2 ground • Like copper – good • 750kt Cu discovered fundamentals • 2 U/G mines • Kurrajong success • Also Gold and other • 1.8Mtpa processing • 29 new EM Base Met
Slide 5: Corporate Overview
Corporate Overview Capital Structure Share Price Performance A$0.30 9.0 Fully diluted shares outstanding 642.5 million A$0.25 7.5 Share price (as at 1 August 2019) $0.076 Share Price (A$/share) A$0.20 6.0 Volume (m) Fully diluted market capitalisation $49m A$0.15 4.5 Plus: Debt(1) $43m A$0.10 3.0 $2
Slide 6: Tritton Copper Operations - A consistent producer with exploration upside
Tritton Copper Operations - A consistent producer with exploration upside 6
Slide 7: Established copper mine in highly prospective region
Established copper mine in highly prospective region Tritton Copper Operations First production in 2005 with >320kt Cu produced to date Highly endowed tenement package >750kt copper discovered on tenements to date Tritton deposit is a >20Mt copper dominant system Murrawombie is a >10Mt dep
Slide 8: Tritton Copper Operations – a consistent producer
Tritton Copper Operations – a consistent producer Tritton Copper Production • FY19 copper production of 26,852t Tonnes 35,000 - initial guidance was 24,500t 30,000 25,000 • FY20 copper production guidance 20,000 of 24,500t 15,000 10,000 • Mining the Tritton and Murrawombie 5,000 - underground mines
Slide 9: Tritton Copper Operations 4 Year Production Plan
Tritton Copper Operations 4 Year Production Plan2 with potential to extend mine life • Existing Copper Metal Inventory: ― Ore Reserves: 8.4Mt @1.5% Cu1 ― Mineral Resources: 20.7Mt @ 1.5% Cu1 • 4 Year Production Plan2 • Potential to extend mine life: ― Tritton and Murrawombie brownfields extensions ―
Slide 10: Brownfields exploration - Tritton and Budgerygar
Tritton Copper Operations Brownfields exploration - Tritton and Budgerygar Life of Mine extension opportunities at Tritton: • Tritton at depth (high grade shoots) ― Drilling in FY20 • North wing • Corridor between Tritton and Budgerygar • Budgerygar deposit ― Exploration drive from Tritton ― Drill t
Slide 11: Brownfields exploration - Murrawombie
Tritton Copper Operations Brownfields exploration - Murrawombie • Geologically performing better than expected • Open at depth and to the North • Recent grade control drilling hit good copper intersections outside of current Mineral Resource envelope • Exploration drilling planned for FY20 ― Holes p
Slide 12: Greenfields Exploration The Game Changer
Greenfields Exploration The Game Changer Drilling at Kurrajong 12
Slide 13: Tritton Greenfields Exploration – finding +10Mt deposits
Tritton Greenfields Exploration – finding +10Mt deposits • Greenfield exploration strategy is focused on discovering “Tritton-scale” deposits (i.e. +10Mt @ >2% Copper) • Southern half of tenement package highly endowed and producing strong results from drilling at Kurrajong • Northern half underexpl
Slide 14: Tritton Tenement Package – fertile ground
Tritton Tenement Package – fertile ground To be updated Copper discoveries on Tritton tenements % Cu 3.50 3.00 Avoca Tank 2.50 Larsens 2.00 Target Tritton Kurrajong 1.50 North‐East Budgerygar Murrawombie 1.00 Budgery 0.50 Hartmans 0.00 0 5,000 10,000 15,000 20,000 25,000 30,000 Kt Ore >750 000 tonne
Slide 15: Exploration success at Kurrajong - upgraded to Exploration Target
Exploration success at Kurrajong - upgraded to Exploration Target1 Kurrajong prospect is located 20km east of Tritton processing infrastructure Successful FY19 drilling program - upgraded to an Exploration Target1: ― 3-4mt @1.5% - 2% Cu ― Potential for higher grade core Copper mineralisation n
Slide 16: Tritton Greenfields Exploration – FY20 focus is on Northern corridor
Tritton Greenfields Exploration – FY20 focus is on Northern corridor • Two airborne EM surveys since 2017: – Quick and cost-effective exploration technique – 29 new EM anomalies identified • FY20 Plan: – Ground-based EM surveys to assist with ranking targets – Drill testing higher priority targets 1
Slide 17: Torrens Project Greenfields Exploration
Torrens Project Greenfields Exploration (Aeris 70%) The Game Changer Drill platform on Lake Torrens 17
Slide 18: Torrens Project - IOCG target in Gawler Craton (SA)
Torrens Project (AIS 70%) - IOCG target in Gawler Craton (SA) • Aeris holds a 70% interest and is the manager of the Torrens Project through a JV with Argonaut Resources NL (30%) • Torrens located on Eastern Gawler Craton IOCG corridor in South Australia, which hosts several large scale deposits and
Slide 19: Torrens Project - Multiple anomalies across large-scale IOCG system
Torrens Project (AIS 70%) Multiple anomalies across large-scale IOCG system Oblique view looking north east at the Torrens project area showing A) shallow gravity Regional airborne gravity survey completed March 2018: response from the Falcon survey and B) modelled basement gravity (dark grey) and m
Slide 20: Strategic Initiatives for FY20
Strategic Initiatives for FY20 Focus on Operational Exploit Existing Tenement Transformational & Productivity and Safety Packages / Projects Strategic M&A Growth Maintain focus on operational Continue exploration on the highly Pursue strategic M&A opportunities productivity, cost management an
Slide 21: Thank You
Thank You 7 Hers
Slide 22: Appendices
Appendices
Slide 23: Board and Management
Appendix Board and Management Name & Management Description Experienced mining executive with a career spanning more than 25 years, primarily in the gold industry Held various executive roles in South Africa, PNG, Fiji and Australia for a number of leading gold companies, including Emperor Andre
Slide 24: Reported Mineral Resource
Appendix Reported Mineral Resource Tritton Tenement Package (30 June 2018)(1) Measured Indicated Inferred Total Resource Cut‐off Project Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (%Cu) (kt) (%) (kt) (kt) (%) (kt) (kt) (%) (kt) (kt) (%) (kt) T
Slide 25: Reported Ore Reserve
Appendix Reported Ore Reserve Tritton Tenement Package (30 June 20171,2,3) Tritton Tenement Package (30 June 2018)(1)(2)(3) Proven Probable Total Resource Cut‐off Project Type Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (%Cu) (kt) (%) (kt) (kt) (%) (kt) (kt) (%) (kt) T
Slide 26: Competent Persons Statement
Appendix Competent Persons Tritton Tenement Statement Package (30 June 20171,2,3) Competent Persons Statement Mr Cox confirms that he is the Competent Person for all the Mineral Resource and Exploration Target estimates summarised in this Report and he has read and understood the requirements of the
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