Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Q3 2024 Earnings Presentation
14 slides from Aurelia Metals's earnings presentation, Apr 23, 2024
Slide 1: March 2024 Quarterly Update and Outlook
ASX Code: AMI MARCH 2024 QUARTERLY UPDATE AND OUTLOOK 23 APRIL 2024
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation has been prepared by Aurelia Metals Limited (‘AMI’ or the ‘Company’). It should not By its very nature, production and exploration for gold and base metals is a high risk business and is be considered as an offer or invitation to subscribe for or purchase
Slide 3: March 2024 Quarter Highlights
MARCH 2024 QUARTER HIGHLIGHTS Progressing execution of our Cobar Region strategy Balance sheet strength to Operational performance progress growth continues to improve Federation on track for Exploration delivers first stope ore Q1 FY25 further exciting results MARCH 2024 QUARTERLY UPDATE AND OUTLOO
Slide 4: Group Production and Costs
GROUP PRODUCTION AND COSTS Sep Q Dec Q Mar Q Mar YTD FY24 Group output FY24 FY24 FY24 FY24 Guidance1 • Gold production continues to track towards the upper end of guidance range Gold produced (koz) 16.8 14.9 14.5 46.2 60.0 – 65.0 • Copper production guidance unchanged • Zinc production guidance low
Slide 5: Safety and Environment
SAFETY AND ENVIRONMENT Preventing injuries remains a priority Group Total Recordable Injury Frequency Rate (TRIFR) - 12 month moving average 15 • Reduction in the number of injuries in 10 March quarter vs December quarter 5 • Majority of injuries in FY24 have been slips, 0 trips and hand injuries Au
Slide 6: Peak
PEAK Progressing operational performance improvement Development metres • Development increased to 777m maintaining optionality and 723 743 777 contingency for production 352 257 • Ore mined increased for a fifth consecutive quarter to 148kt Mar 23 Qtr Jun 23 Qtr Sep 23 Qtr Dec 23 Qtr Mar 24 Qtr (De
Slide 7: Dargues
DARGUES Dargues long section looking North showing remaining stopes Maximise cash for remaining mine life Additional stope • Ore mined 89kt (Dec Qtr 87kt) • Significant quarterly cash generation of A$10.5M (DecQ: A$13.5M) • Additional stope brought into mine plan • Safety performance a key focus • R
Slide 8: Federation
FEDERATION On track for first stope ore in Q1 FY25 • Mine development of 480m (DecQ: 675m), impacted RAR reamed in April 24 by wet weather Infill drilling • Key milestones achieved in MarQ - de-risk project: platform in use First egress rise – Successful reaming and shotcreting of egress and fresh a
Slide 9: Exploration Federation
EXPLORATION FEDERATION Significant drilling results at Federation • Drilling at Federation East below the Main Thrust intersected thick intervals of high-grade mineralisation (see right) • Results highlight the potential for depth extensions of the high-grade eastern lens below the Main Thrust • Dri
Slide 10: Exploration Nymagee
EXPLORATION NYMAGEE Successful four-hole exploration program • Program targeted open spaces in the Mineral Resource to assess the integrity of spatial data, quality and consistency of known mineralisation, and extend current Mineral Resource boundaries • Results included: – Highest zinc assays recor
Slide 11: Balance Sheet
BALANCE SHEET Strong cash balance and higher metal sales expected in June quarter Group cash A$M1 • Cash on hand of A$106.9M, total liquidity over ~37 ~144 A$140M with undrawn loan note (~A$37M) • Peak cash flow impacted by build up of concentrate stocks (total sales value ~A$14M) and higher mainten
Slide 12: Key Focus Areas
KEY FOCUS AREAS Safely deliver our operating performance and growth agenda – filling our mills Deliver mining sequence and lower costs at Peak Maximise cash generation from Dargues First stope ore at Federation in Q1 FY25 and ramp-up Progressing optimisation of the Cobar Region Exploration to delive
Slide 13: 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 Photo: Drilling activities at the Federation deposit
Slide 14: Appendix: FY24 Guidance
APPENDIX FY24 GUIDANCE FY24 GROUP OUTPUT Metric Guidance Outlook: Guidance1 Based upon YTD production and forecast production volumes for the June quarter, Gold koz 60.0 – 65.0 the following revisions to Aurelia’s guidance have been made: Copper kt 2.0 – 2.3 • Gold production now forecast to be at t