Aeon Metals — Investor Presentation (August 2021)
15 slides from Aeon Metals's investor presentation, Aug 26, 2021
Slide 1: A fresh approach
AEON METALS A fresh approach Aggressive resource expansion drilling Accelerating Walford Creek towards development Advancing regional exploration with a copper focus ASX: AML 26 August 2021
Slide 2: Cautionary statement
2 Cautionary statement This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested shareholders, analysts and investors. This document is not a prospectus, product disclosure statement or other offering docum
Slide 3: Investment highlights
3 Investment highlights Applying a fresh approach to a globally significant copper and cobalt project Responsibly sourced • Our flagship Walford Creek Project is located in north-west Queensland, a Tier 1 jurisdiction for ethical sourcing of mineral products future energy metals • Walford Creek is s
Slide 4: Aeon Metals snapshot
4 Aeon Metals snapshot Decarbonising CAPITAL STRUCTURE Cash raised (19 July & 23 August 2021) A$10.2 m Share price (24 August 2021) A$0.055 Shares outstanding 764 m Renewables Battery metals Market capitalisation A$43.0 m utilisation extraction OCP debt facility (24 August 2021) A$25.2 m Cu Co BOARD
Slide 5: Over 80% of Vardy + Marley Resources in M&I
5 Over 80% of Vardy + Marley Resources in M&I Vardy/Marley Copper Mineral Resource (April 2021) Category Mt Cu % Pb % Zn % Ag ppm Co % Ni % Pyrite % Measured 6.4 1.17 1.02 0.88 27.9 0.15 0.07 42.8 Indicated 12.2 1.03 1.03 0.66 31.8 0.15 0.07 39.0 Inferred 1.0 1.05 1.13 0.73 36.2 0.14 0.06 41.9 Total
Slide 6: Life-of-mine portfolio metal output
6 Life-of-mine portfolio metal output Walford Creek to deliver 590kt CuEq at ~50kt nameplate CuEq over an initial 14-year life Copper metal production (kt) Zinc metal production (kt) LOM Cu: 243kt LOM Zn: 278kt 25.0 30.0 Production tonnes (kt) Production tonnes (kt) 20.0 25.0 20.0 15.0 15.0 10.0 10.
Slide 7: Underpinned by high value end product mix
7 Underpinned by high value end product mix Copper and cobalt make up approx. 70% of the projected life-of-mine revenue mix Revenue Split by Metal1 (%) Cu Zn Ag Co Ni 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Year 1. Based on spot commodity and FX pricing in Rev
Slide 8: Strong free cash flow generation
8 Strong free cash flow generation Substantial life-of-mine cashflow of A$1.9bn is forecast at current metal prices Annual and cumulative cashflow1 (A$m) 2,000 800 LOM cumulative cashflow: A$1.9bn 1,500 600 1,000 400 Cumulative Cashflow (A$m) 269 Annual Cashflow (A$m) 254 244 249 229 230 223 226 214
Slide 9: Embracing renewable energy
9 Embracing renewable energy Lower cost solar PV expected to contribute >30% of total power requirement ▪ Annual mean solar irradiation: ~6kWhr/m2 ▪ Annual mean sunshine: ~10hr/day ▪ Total electricity pricing (estimated capex + opex): o Solar <10c/kWhr o Diesel >25c/kWhr ▪ Potential for >30% of tota
Slide 10: Proposed project timeline
10 Proposed project timeline Targeting development decision in CY2022 to deliver potential first production in CY2025 Apr 21 Jul 21 Oct 21 Jan 22 May 22 Aug 22 Nov 22 Environmental Impact Statement Land Access Agreements Prefeasibility Study Exploration Drilling Bulk Sulphide Flotation Optimisation
Slide 11: Exciting new Walford Creek drill targets
11 Exciting new Walford Creek drill targets Recent geophysical surveys highlight potential major extensions to mineral resources
Slide 12: The wider basin has more to offer
12 The wider basin has more to offer Emerging base metals mineral province that is attracting broader interest Basin Edge Project ▪ Strategic tenement holding in what is a World Class Mineral Province ▪ Under cover and under explored ▪ Walford Creek mineralisation strike extent suggests potential fo
Slide 13: Promising IOCG targets on Isa West tenements
13 Promising IOCG targets on Isa West tenements Beauchamps drilling in CY2020 demonstrated presence of large-scale system Isa West IOCG Project ▪ Substantial ground holding of 1,241km² ▪ Three holes drilled in 2020 to test coincident regional magnetic and gravity anomalism with a moderate AEM respon
Slide 14: Compelling investment rationale
14 Compelling investment rationale Delivering a portfolio of decarbonising metal exposures in a single project vehicle Responsibly sourced future Heavily de-risked Mineral PFS expected Q1 CY2022 energy metals from a Tier 1 Resource Estimates: >80% with first production targeted jurisdiction Vardey +
Slide 15: Contact
CONTACT Dr Fred Hess Managing Director and CEO Aeon Metals Limited fred.hess@aeonmetals.com.au +61 7 5574 3830