Aic Mines Limited · ASX:A1M
Aic Mines — Q3 2023 Earnings Presentation
17 slides from Aic Mines's earnings presentation, Oct 17, 2023
Slide 1: Investor Update September Quarter 2023
Investor Update September Quarter 2023
Slide 2: Important information
Important information This presentation has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) to provide summary information about AIC Mines and its activities at the date of this presentation. The information contained in this presentation does not purport to be co
Slide 3: Eloise Copper Mine September 2023 Quarter
June September Eloise Copper Mine Eloise Production and Cost Metrics Units 2023 Qtr 2023 Qtr Underground development - capital m 601 655 Underground development - operating m 212 263 September 2023 Quarter Total development m 812 918 Ore mined kt 173 165 Copper grade mined % 1.96% 2.07% Tonnes proce
Slide 4: Eloise Copper Mine: A good start to FY24
Eloise Copper Mine A good start to FY24 FY24 production target is 12,500t Cu and 5,000oz Au in concentrate at an AISC of A$5.00/lb Cu. Production of approximately 3,000t – 3,200t Cu and 1,500oz Au in concentrate is targeted in the December 2023 Quarter. − New underground and ROM loaders recently
Slide 5: Eloise and Jericho: Delivering resource growth
Eloise and Jericho Delivering resource growth Exceptional drilling results from Lens 6 – have extended the high-grade zone up plunge and are expected to drive a material increase in resources and reserves. − ED314 – 5.5m ETW grading 3.4% Cu and 0.9g/t Au − ED329 – 6.0m ETW grading 6.1% Cu and 3.1g
Slide 6: Jericho Copper Deposit: Development update
Jericho Copper Deposit Development update Baseline mining and processing studies completed. Mining is planned to ramp-up in two stages over 45 months to deliver a sustainable ore production rate of 600,000tpa at a capital cost of approximately $59.0M. − Month 4 – boxcut completed − Month 16 – so
Slide 7: Jericho development and Eloise expansion: Timeline update
Jericho development and Eloise expansion Timeline update CY 2023 CY 2024 Mining and environmental Preliminary approvals Mining approvals Processing approvals approvals Plant optimisation study Plant study Mining studies Mining studies Plant engineering and design Engineering and design Plant & infra
Slide 8: Jericho Copper Deposit: Transforming Eloise into a cornerstone asset
Jericho Copper Deposit Transforming Eloise into a cornerstone asset Jericho is a perfect fit with Eloise: − Same mining method − Same processing method Development of Jericho transforms Eloise: − Expected economies of scale to reduce processing costs − Lower mining costs at Jericho due to shallo
Slide 9: Regional exploration
Regional exploration 2,000km2 tenement holding A strong pipeline of targets. Exploration through a “hub and spoke lens” is expected to add resources. South – geophysical targets along strike from Eloise and Jericho (Clementine to St Louis). West – Advanced projects at Sandy Creek, Roberts Cr
Slide 10: Regional exploration: Sandy Creek
Regional exploration Sandy Creek Sandy Creek – hosts a near-surface historic resource1 of 2Mt grading 1.32% Cu and 0.30g/t Au. Remains open down plunge Four diamond holes for 1,300m will target: − The down dip extension of the resource. − A wide gap in the drilling at the top of the resource. Th
Slide 11: Regional exploration: Artemis
Regional exploration Artemis Artemis polymetallic prospect – 300m west of Sandy Creek – open along strike and down dip Four diamond holes for 1,700m (see Figure 4) will target: − An untested coincident EM conductor and gravity anomaly which lies to the south of the known mineralisation. − The do
Slide 12: AIC Mines corporate structure and Board
AIC Mines An experienced Board and Management team Corporate structure building a new Australian mid-tier copper and gold miner through exploration, development A1M and acquisition Share Price1 $0.265 Shares on Issue 462.5M Board of Directors Market Capitalisation $122.5M Cash2 $29.0M Josef El-Raghy
Slide 13: Investment Proposition
Investment Proposition Highly credentialed and heavily invested team Expansion underway to transform the Eloise copper mine into a cornerstone asset: • Annual production of +20,000t copper and +7,500oz gold in concentrate • Mine life of +10 years • Highly prospective 2,000km2 tenement holding A grow
Slide 14: Appendix: Mineral Resources and Ore Reserves
Appendix Mineral Resources and Ore Reserves 14
Slide 15: Eloise Mineral Resources and Ore Reserves
Eloise Mineral Resources and Ore Reserves Eloise Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). Further information is provided in the ASX announcement released by AIC Mines “Significant Increase in Mineral Resources and Ore Reserves at Eloise
Slide 16: Jericho Mineral Resources and Ore Reserves
Jericho Mineral Resources and Ore Reserves Jericho Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). Further information is provided in the ASX announcement released by AIC Mines “Jericho Mineral Resource” dated 6 February 2023 and “Jericho Maide
Slide 17: Sandy Creek Mineral Resources
Sandy Creek Mineral Resources Sandy Creek Mineral Resources are reported and classified in accordance with the JORC Code (2012). The Sandy Creek Mineral Resource Estimate is reported above a 0.3% Cu cut-off. The Sandy Creek Mineral Resource comprises five mineralised zones, including Main and West Z