Burgundy Diamond Mines Ltd · ASX:BDM

Burgundy Diamond Mines — Q3 2023 Earnings Presentation

14 slides from Burgundy Diamond Mines's earnings presentation, Nov 2, 2023

  1. Slide 1: Q3 2023 Results Conference Call

    Q3 2023 RESULTS CONFERENCE CALL NOVEMBER 2, 2023 BURGUNDY DIAMOND MINES LIMITED ASX: BDM BURGUNDYDIAMONDS.COM

  2. Slide 2: About Us

    ABOUT US A reliable producer of premium rough diamonds to the global luxury market. Burgundy Diamond Mines is a premier global diamond company that proudly produces and delivers ethically sourced diamonds from its world-renowned Ekati Diamond Mine in Canada’s Northwest Territories to market. Burgund

  3. Slide 3: Important Notice and Disclaimer

    IMPORTANT NOTICE AND DISCLAIMER This Presentation is given on behalf of Burgundy Diamond Mines Limited (ASX: BDM) (ABN 33 160 017 390) (Burgundy or Company). By accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer

  4. Slide 4: Important Notice and Disclaimer

    IMPORTANT NOTICE AND DISCLAIMER Financial information Certain financial data included in this Presentation is 'non IFRS financial information’ and "non-GAAP" financial measures under Regulation G of the U.S. Securities Exchange Act of 1934, as amended. These measures are used internally by managemen

  5. Slide 5: Q3 Highlights

    Q3 Highlights (All currency figures in US Dollars unless otherwise stated)  Revenue of $91.2 million, up 13% on the prior corresponding period (Q3 2022: $80.9 million)  Average realised price of $116 per carat up 29% on the prior corresponding period (Q3 2022: $90 per carat)  Carats recovered of

  6. Slide 6: Q3 Sales Update

    Q3 SALES UPDATE Three months ended 30 September 2023 (All currency figures in US Dollars unless otherwise stated) Q3 2023 Q3 2022 Variance Carats Sold 784,681 900,579 -13% Revenue $91.2 $80.9 13% Realised price per carat $116 $90 29% Cash cost per carat $66.9 $47.7 1 40% Cash margin per carat $49.4

  7. Slide 7: Diamond Market

    DIAMOND MARKET  Soft market at present due to :  Retreat from post-covid high point  Over supply by major producers (Russia)  Some lab-grown encroachment  Rough inventory build-up  Market actions :  Rough sale suspensions by major producers  India voluntary import ban  G7 Sanctions implemen

  8. Slide 8: Q3 Operations Update

    Q3 OPERATIONS UPDATE Three months ended 30 September 2023 Units Q3 Q3 Variance 2023 2022 Total tonnes mined Wmt 4.97 6.40 -22% Ore tonnes mined Wmt 1.24 0.47 164% Tonnes processed Dmt 1.09 0.99 10% Carats recovered mCts 1.37 1.01 36% Grade C/t 1.26 1.02 24% Rough diamond inventories mCts 1.89 1.17 6

  9. Slide 9: Point Lake Project Update

    POINT LAKE PROJECT UPDATE Progress during Q3 2023 • Phase 2 dewatering completed – 92% of water volume pumped out – Barge/pump retrieval in progress • Open pit mining approval received • WRSA approval expected in early Q4 9

  10. Slide 10: Q3 Financial Update

    Q3 FINANCIAL UPDATE Three months ended 30 September 2023 (All currency figures in US Dollars unless otherwise stated) As at 30 As at 30 June September 2023 2023 Pro forma Cash 45.5 68.5 Diamond inventories 156.9 129.3 Bank loans and Borrowings 73.8 73.8 Other Obligations (capital leases 60.8 63.3 an

  11. Slide 11: Corporate Strategy

    CORPORATE STRATEGY Strategy underpinned by three achievable objectives 1 Ekati operations  Mine life additions – multiple conventional open pit and During Burgundy’s underground options are being explored to support due diligence period, significant mine life extension several areas of  Operationa

  12. Slide 12: Conceptual Mine Life Additions

    CONCEPTUAL MINE LIFE ADDITIONS CLEAR OPPORTUNITIES FOR ENHANCEMENT AND EXTENSION Enhanced Life of Mine 2025-2036 1. 1 Misery Underground continuation at depth beyond 2025. 2. 2 Potential expansion of the Point Lake open pit. 3. 3 Sable Underground operation following the open pit completion. 4. 4 Fo

  13. Slide 13: Ekati Operational Improvements Initiated

    EKATI OPERATIONAL IMPROVEMENTS INITIATED Business Improvement  People  Labour efficiency  Leadership capability improvement  Time wastage  Rosters and flights  Inventory  Rough diamond sale pipeline (potential to release US$30 to US$50m)  Supplies (fuel, explosives, other consumables)  Work

  14. Slide 14: Burgundy Diamond Mines Limited Contact

    Burgundy Diamond Mines Limited ASX: BDM ABN: 33 160 017 390 www.burgundydiamonds.com Contact P: +61 8 6313 3945 info@burgundydiamonds.com Level 25 South32 Tower 108 St Georges Terrace Perth WA 6000 AUSTRALIA 14

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