Aeris Resources Limited · ASX:AIS
Aeris Resources — Diggers & Dealers Mining Forum 2021
31 slides from Aeris Resources's conference presentation, Aug 3, 2021
Slide 1: Diggers & Dealers Mining Forum
Diggers & Dealers Mining Forum 3 August 2021 Presented by Andre Labuschagne
Slide 2: Important notice and disclaimer
Aeris – Diggers and Dealers Mining Forum 2021 Important notice and disclaimer This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (Aeris) with respect to the anticipated future undertakings. These forward- looking statements reflect va
Slide 3: Our Business
Aeris – Diggers and Dealers Mining Forum 2021 Our Business Cracow Gold Operations Ownership 100% Mine type U/G Processing 600 ktpa CIP FY22F Production 67koz – 71 koz Au FY22F AISC A$1,550/oz-A$1,600/oz Au Reserves(1) 690kt @ 4.1 g/t (90koz) Torrens JV Au Resources(1) 3,900kt @ 3.1 g/t (390koz) Owne
Slide 4: Market information
Aeris – Diggers and Dealers Mining Forum 2021 Market information ASX Code AIS $50m placement Constellation results Market capitalisation1 A$491m Enterprise Value1 A$394m Available Cash2 A$97m H1 results Outstanding Debt Nil Constellation discovery Commodity focus Copper and Gold Shareholding structu
Slide 5: Highlights of the past 12 months
Aeris – Diggers and Dealers Mining Forum 2021 Highlights of the past 12 months Cracow Tritton Corporate Acquisition and integration completed Achieved guidance 22,987t Cu @ AISC of Closing cash and receivables $105.9m(3) Achieved guidance 73,685zo @ AISC of A$3.70/lb Debt repaid in July -
Slide 6: Aeris Resources
of a a a a ae Aeris Resources ry Tritton Copper —- I, Operations | We are Aeris
Slide 7: Tritton Copper Operations: A consistent producer with upside
Aeris – Diggers and Dealers Mining Forum 2021 Tritton Copper Operations A consistent producer with upside • Established underground copper mines and 1.8 Mtpa processing plant in Western NSW, Australia • Operating since 2005 with >320 kt Cu produced • Highly endowed region and 2,160km2 tenement packa
Slide 8: Aeris – poised to capitalise on the demand for copper
Aeris – Diggers and Dealers Mining Forum 2021 Aeris – poised to capitalise on the demand for copper • Aeris remains strongly focused on delivering organic growth • A$50m developing three new production sources in FY22 Budgerygar deposit Avoca Tank underground mine Murrawombie Pit cut-back • Ad
Slide 9: Tritton Copper Operations – unrivalled project pipeline
Aeris – Diggers and Dealers Mining Forum 2021 Tritton Copper Operations – unrivalled project pipeline Project Producing Developing / Constructing Exploring • Ore Reserve(1) • 5,300kt @1.3% for 60kt Cu Tritton • Mineral Resource Estimate(1) Murrawombie • 16,600kt @ 1.4% for 230kt Cu Budgerygar
Slide 10: Tritton – there's more copper to be found, $15 million allocated for FY22
Aeris – Diggers and Dealers Mining Forum 2021 Tritton Copper Operations – there’s more copper to be found, $15 million allocated for FY22 ● Exploration upside: Highly endowed tenement package (2,160km2) – more than 750kt of copper discovered to date(1) Proven exploration strategy – Constellation
Slide 11: Tritton Copper Operations Greenfields Exploration Activities in FY22
Aeris – Diggers and Dealers Mining Forum 2021 Tritton Copper Operations Greenfields Exploration Activities in FY22 Constellation • Continue drilling at Constellation across FY22 targeting Maiden Mineral Resource estimate • Bedrock conductor identified initially from airborne EM survey and confirmed
Slide 12: Tritton Copper Operations – Constellation Deposit
Aeris – Diggers and Dealers Mining Forum 2021 Tritton Copper Operations – Constellation Deposit Spectacular results • 45km North-East from Tritton – within trucking distance of Tritton mill • 52 diamond holes drilled to date – majority intersecting copper sulphide mineralisation • High grade results
Slide 13: Tritton Copper Operations Constellation Deposit growing
Aeris – Diggers and Dealers Mining Forum 2021 Tritton Copper Operations Constellation Deposit growing • Diamond tails completed on 18 RC holes which were stopped in mineralization due to water • Assays returned for 5 diamond tails with the combined RC and diamond tail intervals including(3): o TAKRC
Slide 14: Operations
Operations | We are Aeris
Slide 15: Cracow Gold Operations: A highly cash flow generative mine
Aeris – Diggers and Dealers Mining Forum 2021 Cracow Gold Operations A highly cash flow generative mine that has transformed the company • A high grade, low cost gold mine in Queensland, Australia with a proven operating history • FY21 production of 73,685koz high margin gold ounces at AISC of A$1,4
Slide 16: Cracow Gold Operations - Accelerating Exploration
Aeris – Diggers and Dealers Mining Forum 2021 Cracow Gold Operations - Accelerating Exploration Near Mine New Space Resource updates Push mill to 650kt Prioritising targets Roses Pride +260%(1) Focus on increasing UG mine life Drilling approved for Ballymore Klondyke Royal +324%(2) Rev
Slide 17: Cracow Gold Operations – a prolific goldfield
Aeris – Diggers and Dealers Mining Forum 2021 Cracow Gold Operations – a prolific goldfield Aeris is re-invigorating exploration, $13 million allocated for FY22 Cracow has produced more than 1.5 Moz of gold over its life since first production in 2004 Strong history of replenishing reserves and
Slide 18: Cracow Gold Operations Mining and exploration pipeline
Aeris – Diggers and Dealers Mining Forum 2021 Cracow Gold Operations Mining and exploration pipeline Project Producing Development Ready Exploring • Ore Reserve maintained(1) • 690kt @4.1g/t for 90koz Western Field U/G Deposit Roses Pride • Mineral Resource increased(1) Golden Plateau • 3,900kt @ 3.
Slide 19: Cracow Gold Operations Exploration of near mine target areas
Aeris – Diggers and Dealers Mining Forum 2021 Cracow Gold Operations Exploration of near mine target areas • Two rigs increasing to three rigs • Increased FY22 budget to A$9M • Multiple untested targets 19
Slide 20: Cracow Gold Operations Exploring in new spaces
Aeris – Diggers and Dealers Mining Forum 2021 Cracow Gold Operations Exploring in new spaces – looking for the next big discovery Prospectivity review completed. Revision of priority targets. ● Cracow South-West Identified as a potential analogue of the Western field mineralised system (~2Moz)(1)
Slide 21: Resources M&A
Aeris Resources M&A 21
Slide 22: M&A remains a focus
Aeris – Diggers and Dealers Mining Forum 2021 M&A remains a focus Aeris Resources M&A strategy Commodities Gold and Copper ● Pursue strategic M&A Location Australia opportunities that add value, Offshore – Risk reward complement existing portfolio and transform Aeris into a mid- Project stage
Slide 23: Summary
Aeris Resources Summary 23
Slide 24: Summary
Aeris – Diggers and Dealers Mining Forum 2021 Summary FY21 FY22 Transformational year Tritton guidance 21-22kt Cu @ AISC between $3.95/lb and 4.30/lb Operations deliver against expectation Transformation from survival to growth Significant exploration success Accelerating exploration $15m
Slide 25: What makes Aeris different?
Aeris – Diggers and Dealers Mining Forum 2021 What makes Proven team with a Aeris different? consistent track record Further value to unlock Diversified, strong free cash generation We Are Aeris A platform for growth Favourable gold / copper price exposure Financially robust, rapidly deleveraging 25
Slide 26: Thank you
Aeris Resources Thank you 26
Slide 27: Appendix A: Mineral Resource and Ore Reserve statements
Aeris Resources Appendix A: Mineral Resource and Ore Reserve statements 27
Slide 28: Tritton – Mineral Resource - June 2021
Aeris – Diggers and Dealers Mining Forum 2021 Tritton – Mineral Resource - June 2021 Tritton Tenement Package June 2021 June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Budgerygar Measured 3,50
Slide 29: Tritton – Ore Reserve - 2021
Aeris – Diggers and Dealers Mining Forum 2021 Tritton – Ore Reserve - 2021 Tritton Tenement Package June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Proved 1,800 1.2 21 0.1 4 3.0 170 Probable 0 0.0 0 0.0 0 0.0 0 TOTAL 1,800 1.2 21 0.1 4 3.0 170 Murrawombie
Slide 30: Cracow – Mineral Resource and Ore Reserve
Aeris – Diggers and Dealers Mining Forum 2021 Cracow – Mineral Resource and Ore Reserve 2021 Mineral Resource Cracow Tenement Package 2021 Ore Reserve Cracow Tenement Package June 2021 June 2021 Tonnes (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Au (g/t) Au (koz) Cracow CRACOW Measured 200
Slide 31: Competent Persons statement
Aeris – Diggers and Dealers Mining Forum 2021 Competent Persons statement Competent Person’s Statement – Mineral Resource Mr Cox confirms that he is the Competent Person for all the Mineral Resource estimates summarised in this Report and he has read and understood the requirements of the 2012 Editi
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