Aurelia Metals Limited · ASX:AMI
Aurelia Metals — YTC Resources — Mines & Money (March 2013)
27 slides from Aurelia Metals's conference presentation, March 2013
Slide 1: Hera & Nymagee Projects Fully Funded to Production
1 HERA & NYMAGEE PROJECTS FULLY FUNDED TO PRODUCTION
Slide 2: Disclaimer
DISCLAIMER • This presentation has been prepared by YTC Resources Limited (“YTC” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No
Slide 3: Hera and Nymagee Projects
HERA AND NYMAGEE PROJECTS FULLY FUNDED HIGH-GRADE Au-Pb-Zn-Ag-Cu DEVELOPMENT WITH MAJOR EXPLORATION UPSIDE STAGE 1: HERA DEPOSIT (YTC-100%) – DEVELOPMENT UNDERWAY • Near-term, high-grade gold-lead-zinc-silver development • Average annual production exceeds 50kozpa Au Eq. over initial mine life of 7.
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT CORPORATE – POST FINANCIAL COMPLETION * Includes $2.95 million in placement proceeds to be received from Glencore SUMMARY – GLENCORE PROJECT FINANCING 4
Slide 5: Project Location
PROJECT LOCATION COBAR BASIN: LONG LIFE, HIGH-GRADE MINES Endeavour Zn-Pb-Ag (Toho) CSA Copper Mine (Glencore) +1.5Mt Cu endowment NYNGAN COBAR Australia Peak Mine (NewGold) +7Moz Au Eq endowment NSW COBAR Nymagee Copper Deposit YTC BASIN Wonawinta (CCU) 52Moz Ag Hera Au-Pb-Zn-Ag Deposit YTC Mallee
Slide 6: Cobar Basin Deposits
COBAR BASIN DEPOSITS LONG LIFE, HIGH GRADE – INCREASING SCALE AND GRADE WITH DEPTH COBAR DISTRICT – LONG SECTION Long Section: Cobar Gold Field +7Moz Au Eq production CSA +1.5Mt Cu Eastern Western Perseverance The Peak New Occidental Chesney New Cobar Great Cobar System System 500m 10km 1000m 1500m
Slide 7: $158M Funding Deal Approved
$158M FUNDING DEAL APPROVED KEY BENEFITS OF THE GLENCORE FUNDING PACKAGE Flexible funding structure provides maximum ability to manage project cash flows and continue strong exploration focus Competitive Cost of Funds $70m Convertible at the election of YTC YTC and Glencore will form a Techn
Slide 8: Hera Development Underway
HERA DEVELOPMENT UNDERWAY Fan installation Batch plant installation 8 First Decline Cut Hera Portal
Slide 9: Hera Development Key Metrics
HERA DEVELOPMENT KEY METRICS – STAGE 1 HERA DEVELOPMENT Resource 677,200 ounces Au Eq. at 8.6 g/t Au Eq.* Reserve 423,471 ounces Au Eq. at 7.0 g/t Au Eq.* Initial Mine Life 7.3 years Project Revenue (Stage 1 Only) >$510 million Average Annual Production >50,000oz Au Eq. Operating Costs (after Pb-Zn
Slide 10: Hera Development Timeline
HERA DEVELOPMENT DEVELOPMENT UNDERWAY • Decline commenced January 2013 – advanced to ~100m (at 12th March) • Mill Construction commencing Q2 - 2013 • First Production Q3 - 2014 Quarter Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mine Mine: Ore to the ROM Full Scale Ore Production Mill Mi
Slide 11: Hera Gold-Lead-Zinc Deposit
HERA GOLD-LEAD-ZINC DEPOSIT OPENING UP TO NORTH AND SOUTH North 100m 200m ASL HRD042W1 TNY040: 11m @ 107g/t Ag, 7.2% Pb, 12.3% Zn 38m @ 1.6% Pb + Zn TNY021: 6m @ 6.8% Pb + Zn HRD049 4.0m @ 0.11g/t Au, 163g/t Ag, 4.9% Pb and 8.7% Zn TARGET ZONE TNY030: HRD042W2 22.8m @ 7.1g/t Au 4.75m @, 359g/t Ag, 1
Slide 12: Prospectivity
PROSPECTIVITY HERA-NYMAGEE CORRIDOR Nymagee North Target • Hera-Nymagee corridor remains highly prospective Nymagee Copper Deposit • The Hera & Nymagee deposits are both marked by prominent gravity highs • Numerous gravity targets defined by detailed ground Gravity Targets gravity along 7km of strik
Slide 13: Nymagee Copper Deposit vs CSA
NYMAGEE COPPER DEPOSIT vs CSA SCHEMATIC CROSS SECTION COMPARISON - LOOKING NORTH SHALLOW MAIN SHAFT COPPER ZONE • Nymagee evolving as Pb-Zn-Ag Lens (off section) the upper part of a -200m -200m MAIN LENS MAIN LENS MASSIVE SULPHIDE ‘CSA’ style Cobar >2.5% Cu deposit Low-Grade Cu Mineralisation High-G
Slide 14: Nymagee Copper Deposit
NYMAGEE COPPER DEPOSIT OPEN TO NORTH AND AT DEPTH Drill Holes outside the Nymagee Resource GRAVITY HIGH GRAVITY HIGH No Significant Results Strong Mineralisation NMRC090: 3m @ 2.75% Cu and 50g/t Ag NMD068: 200m ASL 14m @ 63g/t Ag, 2.7% Pb and 5.2% Zn from 207m NYMAGEE RESOURCE: 8.1Mt @ 1.2% Cu, 0.3%
Slide 15: Hera-Nymagee Summary
HERA-NYMAGEE SUMMARY • Fully funded, high-grade Au-Pb-Zn-Ag-Cu development with major exploration upside • Full scale Hera Project development imminent and set to deliver: • >$510 million in revenue in Stage 1 (Hera) • Operating Costs of A$395/oz Au after Pb-Zn credits • Initial Mine Life of 7.3 yea
Slide 16: Hera and Nymagee Fully Funded to Production
VALUE GROWTH YTC Resources Limited ASX:YTC 2 Corporation Place HERA AND NYMAGEE ORANGE NSW 2800 T: +61 2 6361 4700 FULLY FUNDED TO PRODUCTION E: office@ytcresources.com www.ytcresources.com 16
Slide 17: Appendix 1: Resources and Reserves
APPENDIX 1: RESOURCES AND RESERVES MINERAL RESOURCE ESTIMATE- HERA DEPOSIT - JUNE 2011 NSR Cu Pb Zn Au Eq Contained Au Category Tonnes (A$) Au g/t Ag g/t % % % (g/t) Ozs Eq Indicated 2,113,000 243 4.2 17.0 0.2 2.8 3.9 9.2 Inferred 330,000 207 3.5 14 0.1 2.3 3.3 7.5 Total 2,444,000 238 4.1 16.7 0.2 2
Slide 18: Appendix 2: Other Projects - Kadungle Copper-Gold
APPENDIX 2: OTHER PROJECTS KADUNGLE COPPER-GOLD 560,200 mE 560,400 mE 560,600 mE PDH8 100m @ 0.2g/t Au & 0.11% Cu PL3: 34m @ 0.98g/t Au & 0.14% Cu Large scale, porphyry copper-gold target: 6,378,800 mN 6,378,800 mN Highlight intersections over +2km strike: KDD002 KDD013 12m @ 7.73g/t Au & 0.1% Cu KD
Slide 19: Appendix 2: Other Projects - Doradilla
APPENDIX 2: OTHER PROJECTS DORADILLA: TIN-COPPER-SILVER-LEAD-ZINC 16km skarn zone hosting large scale tin mineralisation with associated copper, silver, lead, zinc and indium. Recent Drill results: • DRAC004: 7m @ 0.93% Sn from 10m • DRAC006: 6m @ 0.61% Sn from 44m • DRAC009: 10m @ 1.09% Sn from 80m
Slide 20: Appendix 2: Other Projects - Tallebung Tin
APPENDIX 2: OTHER PROJECTS TALLEBUNG: TIN Very large scale ‘porphyry’ tin target Outcropping Tin Lodes remains untested. Negotiations with Native Title DDH11: 30.2m @ 0.12% Sn claimants continues. YTC hoping to DDH11: finalise agreements in May 2013. DDH16: 12.8m @ 0.27% Sn 250m 30.2m @ 0.12% Sn Tar
Slide 21: Appendix 3: Gold Equivalent Calculations - Hera DFS & Reserve
APPENDIX 3 GOLD EQUIVALENT CALCULATIONS – HERA DFS & HERA RESERVE This presentation makes references to the Hera Ore Reserve, DFS outputs and metal equivalents. It is the Company's opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered
Slide 22: Appendix 3: Gold Equivalent Calculations - Hera Resource
APPENDIX 3 GOLD EQUIVALENT CALCULATIONS – HERA RESOURCE This presentation makes a number of references to metal equivalents. These metal equivalent values refer to those included with Hera Resource Estimate released to the ASX on 2nd June 2011 It is the company's opinion that all the elements includ
Slide 23: Appendix 4: Board of Directors
APPENDIX 4 BOARD OF DIRECTORS Partner of PricewaterhouseCoopers Australia (Coopers & Lybrand) for 19 years specialising in the Anthony Wehby provision of corporate finance advice. Anthony is based in Sydney and maintains a consulting Non-Executive Chairman practice providing advice on mergers and ac
Slide 24: Appendix 5: Hera Development DFS
APPENDIX 5: HERA DEVELOPMENT DFS – SEPTEMBER 2011 HERA DFS 3D view of Hera Mine Design showing mine capital development, final Diluted Reserve (tonnes) 1,875,918 stope design and CRF fill. Diluted Reserve Grade g/t Au (on gold equivalent basis) 7g/t Au Eq. Net Smelter Return (NSR) $218 / tonne M
Slide 25: Appendix 6: YTC Senior Management
APPENDIX 6: YTC SENIOR MANAGEMENT BUILDING AN EXPERIENCED OPERATIONS TEAM Dean Fredericksen –Chief Operations Officer (COO) Dean has been closely involved on the assessment and Feasibility of the Hera and Nymagee Projects since 2009 and joined YTC as COO in March 2011. Dean brings over 20 years mine
Slide 26: Appendix 7: Funding Deal Structure
APPENDIX 7: FUNDING DEAL STRUCTURE Placement Shares: 9,390,000 Amount A$2,946,582.00 Issue Price: $0.3138 per share (being a 25% premium to YTC’s 30 day VWAP) Glencore Position: The placement will increase Glencore’s total shareholding in YTC to 9.9% (undiluted) Facility A Limit: A$20 million Conver
Slide 27: Competent Persons Statements
COMPETENT PERSONS STATEMENTS Competent Persons Statement – Exploration Results The information in this presentation that relates to Exploration Results is based on information compiled by Rimas Kairaitis, who is a Member of the Australasian Institute of Mining and Metallurgy. Rimas Kairaitis has suf