Anglesey Mining Plc · LSE:AYM
Anglesey Mining — Investor Presentation (November 2022)
29 slides from Anglesey Mining's investor presentation, November 2022
Slide 1: Marketing Presentation
Marketing Presentation November 2022
Slide 2: Disclaimer
DISCLAIMER PURPOSE OF PRESENTATION: This presentation has been prepared by Anglesey Mining plc (Company Registered Number 1849957) and should be read in conjunction with the Company’s Annual Report, released by Anglesey Mining plc on 8 September 2022 and subsequent RNS announcements made by the Comp
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Advancing the UK’s largest copper project (16.9Mt at 2.0% CuEq) BASE METALS Permitting process well advanced and significant infrastructure in place 14ktpa CuEq over 12-yrs with pre-tax NPV10 of $120m (PEA) - $200m at spot Significant exploration upside around the Northern Copp
Slide 4: Corporate Overview
CORPORATE OVERVIEW Details Ticker Code AYM Board & Management Role Shares in Issue (m) 280.7 John F Kearney Chairman Share price (GBp) 2.4 Jo Battershill Managing Director / CEO Market Capitalisation (£m) 6.6 Danesh Varma Finance Director Balance Sheet Andrew King Non-Exec Director Cash (£m) 0.8 How
Slide 5: Parys Mountain - Anglesey
PARYS MOUNTAIN - ANGLESEY A genuine brownfield development opportunity in a prime location • In 1988, Anglesey permitted and sank a 300m deep shaft and mined 850m of underground development to extract a 2000t bulk sample that was processed at a pilot plant on site • Sold 800t of concentrate to Pasmi
Slide 6: Recognised Partners
RECOGNISED PARTNERS Highly respected organisations assisting with all aspects of production studies and permitting 11/23/2022 www.angleseymining.co.uk 6
Slide 7: Robust Economics from PEA
ROBUST ECONOMICS FROM PEA A significant existing resource base of 16.9Mt @ 1.0% Cu, 1.5% Zn, 0.8% Pb, 17g/t Ag & 0.2g/t Au • Two distinct zones, one at 6.9% ZnEq and the other at 1.6% CuEq. Overall, equates to 2.0% CuEq with insitu value of c.US$200/t • Compiled from 369 diamond drill holes for c.78
Slide 8: Metal Profile
METAL PROFILE Metal profile supports electrification and decarbonisation of the economy • At 3,000tpd, an average output of c.14ktpa CuEq, peaking at c.17.2kt CuEq NSR BY METAL (PEA PRICING) ANNUAL OUTPUT IN COPPER EQUIVALENTS 16000 7% 14000 Ag Au 12000 20% Pb Cu 40% 10000 Zn Pb/Ag 8000 Zn Au 6000 4
Slide 9: Current Permitting Status
CURRENT PERMITTING STATUS Permitting process has commenced – existing planning permissions in place • A permit was granted in 1988 to allow sinking of shaft and underground development • Subsequently, the mine portal and spiral decline were permitted in 1991 • Review of existing planning permissions
Slide 10: Metallurgy
METALLURGY Multiple phases of metallurgical testwork have been completed • Parys Mountain ores can be processed using a typical Cu-Pb-Zn differential flotation flowsheet configuration. Overall Recovery Concentrate Grade A 1tph pilot plant ran continuously for 7-months in 1990 processing c. (%) (%) 2
Slide 11: Respecting the Heritage
RESPECTING THE HERITAGE Remaining resources are underground and located outside of the historic mining site • All future mining will be underground • There are no plans to do any surface or open pit mining • Preservation of existing heritage areas, Sites of Special Scientific Interest (SSSI’s) and r
Slide 12: Future Opportunities
FUTURE OPPORTUNITIES Limited modern work opens up significant opportunities for exploration upside • Production studies are the initial focus, but we are keen to explore the VMS system further E E • Very limited modern exploration work has been conducted over the field • Until our recent programme,
Slide 13: Historical Drill Hits
HISTORICAL DRILL HITS Northern Copper Zone discovered in early 1960’s • The zone needs further drilling to confirm grades and continuity (all Inferred resource category) Selection of High Grade Intersections Selection of Broad Lower Grade Intersections Hole ID Depth Width Grade Hole ID Depth Width G
Slide 14: Northern Copper Zone
NORTHERN COPPER ZONE A very large system that remains open along strike and at depth • Current Inferred resource estimate of 9.4Mt at 1.6% CuEq (including 1.3% Cu for 119kt contained copper) Morris Shaft WHITE ROCK 14.9m @ 2.6% ? ? ? 280mRL 600m 4.2m @ 1.1% 11.9m @ 1.4% 45.5m @ 1.0% 67.0m @ 0.5% 31.
Slide 15: Cross Section 4200E
CROSS SECTION 4200E Section through 4200 East (mine grid) Southern Rhyolites Northern Rhyolites Northern Shales S N • No NCZ on this section H12 H3 A40B AMC9 IM14 AMC8 • Closer to the White Rock, A39 C2 A53 Engine and Lower Engine Zone C2B IM7 • Narrow high-grade zones of massive sulphide appear to
Slide 16: Cross Section 4800E
CROSS SECTION 4800E Southern Central Northern Section through 4800 East (mine grid) Northern Rhyolites Shales Rhyolites Shales S N • Multiple high-grade intersections AMC21 A28 A29 IM22 A12 IM24 A7 and a broad lower-grade zone A23B AMC15 M7 H34 H31A AMC14 H36A H30 A23 • NCZ extends over 500m vertica
Slide 17: Unfinished Business
UNFINISHED BUSINESS Exploration to be broken down into incremental blocks • Target is to extend current resource estimate of 9.4Mt at 1.7% CuEq Morris Shaft WHITE ROCK E 14.9m @ 2.6% ? 0.6m @ 0.5% A C ? 4.2m @ 1.1% 280mRL 600m 9.2m @ 1.0% 67.0m @ 0.5% 18.0m @ 1.4% 45.5m @ 1.0% 3.9m @ 0.7% 31.1m @ 1.
Slide 18: Potential Programme
POTENTIAL PROGRAMME Drilling programmes to target infill and extensions • Blocks A & B could have the most impact on the initial mine optimisation, Blocks C & D on a bulk mining scenario Morris Shaft WHITE ROCK E 14.9m @ 2.6% 0.6m @ 0.5% A C 4.2m @ 1.1% ? ? 280mRL 600m 9.2m @ 1.0% 67.0m @ 0.5% 18.0m
Slide 19: Potential Programme
POTENTIAL PROGRAMME Potential to optimise mine design with further exploration success • Current design extracts less than 50% of the Northern Copper Zone resource Morris Shaft WHITE ROCK E 14.9m @ 2.6% 0.6m @ 0.5% A C 4.2m @ 1.1% ? ? 280mRL 600m 9.2m @ 1.0% 67.0m @ 0.5% 18.0m @ 1.4% 45.5m @ 1.0% 3.
Slide 20: Grängesberg - Sweden
GRÄNGESBERG - SWEDEN Current stake of 20% with ability to go to 70.2% • Prior to closure in 1989, the Grängesberg Mine was the third largest iron ore mine in Sweden mining up to 4Mpta • Located in Bergslagen District, the project hosts a significant resource base of 148Mt at 41.3% Fe (open at depth)
Slide 21: PFS Update Complete
PFS UPDATE COMPLETE PFS Update demonstrates very strong economics • The PFS Update (Jul-22) confirmed reserves of 82.4Mt at 37.2% Fe and 16-yr mine life • Key aspects of the study: • Annual output of 2.5Mtpa producing a premium 70% Fe feedstock • Pre-production capital of $399m, with 3.6-yr payback
Slide 22: Highly Strategic Project
HIGHLY STRATEGIC PROJECT A potential secure supply of iron ore for European Electric Arc Furnaces • A highly strategic iron ore asset positioned to assist European steel producers shorten supply chains and reduce carbon emissions • Decarbonising the steel industry will require an increase in high gr
Slide 23: Sweden – Tier 1 Jurisdiction
SWEDEN – TIER 1 JURISDICTION A favourable location to develop a mine Kiruna • Sweden is regarded as one of the best mining locations globally and Malmberget (Fe) (Fe) Aitik is ranked in the top 20 states & provinces globally in the most recent (Cu-Au) Kallak Fraser Institute Investment Attractivenes
Slide 24: Creating a Brighter Future
CREATING A BRIGHTER FUTURE ENVIRONMENT Focus on emissions & use of renewable energy Tailings and water management Respect of local farming industry DIVERSITY COMMUNITY Ensure that no-one is excluded Licence to Bringing employment to local people Enable local suppliers No barriers Exp
Slide 25: Summary of Asset Base
SUMMARY OF ASSET BASE • 100% stake • 19.9% stake with ROFR to • 12% Equity stake in LIM with Mines Parys Mountain Labrador Iron Grängesberg Iron • Resource base of 16.9Mt at 70.2% current market valuation of 2.0% CuEq • 2022 PFS Update confirms c.£1.7m • PEA demonstrates a 12-yr 82Mt reserve support
Slide 26: Appendix 1: Resources & Reserves
APPENDIX 1 Resources & Reserves 11/23/2022 www.angleseymining.co.uk 26
Slide 27: Parys Mountain - Resources
PARYS MOUNTAIN - RESOURCES Engine Zone Indicated Mt % Zn % Pb % Cu g/t Ag g/t Au Total Indicated 0.50 4.94 2.59 1.36 92 0.5 Mt % Zn % Pb % Cu g/t Ag g/t Au Engine Zone Inferred 5.2 2.55 1.36 0.36 30 0.3 Mt % Zn % Pb % Cu g/t Ag g/t Au Total Inferred 0.12 6.73 3.42 1.73 70 0.5 Mt % Zn % Pb % Cu g/t A
Slide 28: Grängesberg – Resources & Reserves
GRÄNGESBERG – RESOURCES & RESERVES Indicated Mt % Fe %P Contained Fe (Mt) RESOURCES 115.2 40.2 0.78 46.3 Total Mt % Fe %P Contained Fe (Mt) Inferred 148.3 41.3 0.81 61.3 Mt % Fe %P Contained Fe (Mt) Notes 33.1 45.2 0.91 15.0 - Cut-off grade 20% Fe - Minimum mining width of 10m applied Probable RESER
Slide 29: Contact Information
CONTACT INFORMATION +44 7540 366000 jobattershill@angleseymining.co.uk
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