Aeris Resources Limited · ASX:AIS
Aeris Resources — Shareholder Meeting (November 2016)
36 slides from Aeris Resources's shareholder meeting presentation, Nov 18, 2016
Slide 1: FY16 Annual General Meeting Presentation
18 November 2016 ASX/MEDIA RELEASE For personal use only AERIS RESOURCES LIMITED (ASX: AIS) FY16 ANNUAL GENERAL MEETING PRESENTATION Highlights: Balance sheet restructure completed - strengthened financial position Tritton Operations delivered record copper metal production of 30,425 tonnes On
Slide 2: 2016 AGM
2016 AGM For personal use only Established Copper Producer Solid Project Pipeline Exploration Upside 18 November 2016 ASX: AIS
Slide 3: Disclaimer
Disclaimer For personal use only Forward-Looking Information Certain statements contained in this press release constitute forward-looking statements or forward-looking information. The words “intend”, “may”, “would”, “could”, “will”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “target” a
Slide 4: FY16 Highlights
FY16 Highlights For personal use only Balance sheet restructure completed- strengthened financial position Rebranded to Aeris Resources to reflect new beginning follow completion of debt restructure Record production of 30,425t from Tritton Operations Murrawombie underground development appr
Slide 5: Company Snapshot
Company Snapshot For personal use only Changed name to Aeris Resources Limited in December 2015 June 2013 June 2016 Shares Outstanding 1,164M 140M (934M fully diluted) Market Capitalisation $15.1M $46.6M*~($7M~ undiluted) Cash and Receivables $24.0M $19.1M Available Debt Facilities nil US$20.5M Seni
Slide 6: Aeris – Today
Aeris – Today For personal use only • Australia’s 5th largest independent copper producer by volume • Strong financial position • Tritton 7 Year Life of Mine Plan • Investing in Tritton and Murrawombie underground mines • Ramping up greenfields exploration • Highly prospective regional exploration a
Slide 7: Established Copper Producer
For personal use only Established Copper Producer 6
Slide 8: Tritton Operations
Tritton Operations For personal use only • Two Underground Mines: − Tritton − Murrawombie • 1.8Mtpa Processing Plant • >1,800km2 highly prospective tenement package Tonnes Milled Cu tonnes 000’s 35,000 2,100 30,000 1,800 25,000 1,500 20,000 1,200 15,000 900 10,000 600 5,000 300 0 0 FY12 FY13 FY14 FY
Slide 9: Tritton Operations: Investing in the Future
Tritton Operations: Investing in the Future For personal use only Tritton Ore Reserves updated to include Tritton Deeps – 32% increase in contained copper Tritton including Tritton Deeps • Ore Reserves of 6.4Mt @ 1.6% copper (as at 30 June 2016) • +5 year life • Potential resource extensions – open
Slide 10: Tritton Operations: Investing in the Future – Ventilation Shaft
Tritton Operations: Investing in the Future For personal use only Ventilation Shaft to ensure mining at Tritton continues at efficient rates • New Ventilation shaft raiseboring underway • Pilot hole completed – 880m • Reeming started • Completion Second Quarter 2017 9
Slide 11: Tritton Operations: Murrawombie Underground in production
Tritton Operations: Investing in the Future For personal use only Murrawombie Underground in production • Started 4th QTR FY16 - full production in FY17 • Ore Reserves of 3.4Mt @ 1.4% Copper (as at 30 June 2016) • +5 year life Murrawombie • Open at depth Other potential projects • Avoca Tank undergr
Slide 12: Growing the Company
For personal use only Growing the Company 11
Slide 13: Turnaround completed: The next step is growth
Turnaround completed: The next step is growth For personal use only Aim to become a mid-tier, multi-mine company • Now the turnaround is complete and the Tritton Operations have a clear path forward, the focus is on growth • Three growth options: — Exploration at Tritton operations — Region Explorat
Slide 14: Tritton tenement package: Excellent exploration potential
For personal use only Tritton tenement package: Excellent exploration potential 13
Slide 15: Significant ground position in a proven copper field
Significant ground position in a proven copper field For personal use only “Besshi” style VMS orebodies generally occur in clusters • Tritton region hosts “Besshi” style VMS deposits • Tritton tenement package >1,800km2 • Mining to date has been from Girilambone and Tritton complexes – multiple depo
Slide 16: Target Rich Tenement Package
Target Rich Tenement Package For personal use only 15
Slide 17: New Exploration Strategy
New Exploration Strategy For personal use only • Last 3 years focused on Life of Mine extensions from Brownfields exploration: — Tritton Deeps — Murrawombie Resource redefinition and mine plan — Avoca Tank extensions • Strategy for next 2 years — Focus on Greenfields exploration on Tritton tenement
Slide 18: Leverage off technological Advances
Leverage off technological Advances For personal use only Technology tested on known Kurrajong EM signature: Two initial targets: • Kurrajong complex • Greater Hermidale EM survey start this weekend (see ASX announcement 18 November) 17 17
Slide 19: Regional Exploration Portfolio
For personal use only Regional Exploration Portfolio 18
Slide 20: Regional Exploration Portfolio
Regional Exploration Portfolio For personal use only Yandan (Drummond Basin) • Inferred Mineral Resources 4.1Mt @2.4g/t gold • Strategic review underway for sale or JV Blayney • Located in the Lachlan Fold Belt • Adjacent to Newcrest’s Cadia Valley operations • Mineral Resource already identified •
Slide 21: Regional Exploration – Torrens Joint Venture
Regional Exploration For personal use only Torrens Joint Venture • 70/30 JV with Argonaut Resources NL • The Torrens anomaly is confirmed to be the geophysical response to a very large iron oxide copper-gold (IOCG) system in the area of the Olympic Dam and Carrapateena deposits • Positive outcome fr
Slide 22: Growth through M&A
For personal use only Growth through M&A 21
Slide 23: Growth through M&A
Growth through M&A For personal use only • Continually reviewing opportunities to acquire additional assets through M&A • Focus on Base Metals (Copper and Zinc) and Gold • Preferred jurisdiction is Australia, but will consider offshore based on potential risk and return • Asset type – producing or r
Slide 24: Summary
For personal use only Summary 23
Slide 25: Investment rationale: Poised for growth
Investment rationale: Poised for growth For personal use only • Established and growing copper producer ( FY17 guidance 28,000t Cu) • Foundation set with Tritton Operations performance and 7 Life of Mine Plan • Board and management team with a proven track record and clear vision and strategy • Exte
Slide 26: Thank you.
Thank you. CLEAR GROWTH OPPORTUNITIES » PROVEN TEAM ¢ SHARED VISION AY feris Aeris Resources Limited EMAIL info@aerisresources.com.au TEL +61 7 3034 6200 Level 2, HQ South Tower, FAX +61 7 30346290 520 Wickham Street, Fortitude Valley 4006 QLD, Australia
Slide 27: Appendices
For personal use only Appendices 26
Slide 28: Tritton Operations overview
Tritton Operations overview Proven producer with extensive exploration portfolio For personal use only Key Statistics Ownership: Aeris (100%) Location: Nyngan, NSW, Australia Commodity: Copper (Silver and Gold by-product) Product Type: Concentrate Overview Underground Mine Type: Long hol
Slide 29: Tritton Mineral Resource as at June 2016
Tritton Mineral Resource as at June 2016 For personal use only 28
Slide 30: Tritton Mineral Resource as at June 2016 (continued)
Tritton Mineral Resource as at June 2016 (continued) For personal use only 29
Slide 31: Tritton Mineral Resource as at June 2016 (continued)
Tritton Mineral Resource as at June 2016 (continued) For personal use only 30
Slide 32: Tritton Mineral Resource as at June 2016 (continued)
Tritton Mineral Resource as at June 2016 (continued) For personal use only 31
Slide 33: Mineral Resource: Other projects as at June 2016
Mineral Resource Other projects as at June 2016 For personal use only 32
Slide 34: Ore Reserves as at June 2016
Ore Reserves as at June 2016 For personal use only 33
Slide 35: Ore Reserves as at June 2016 (continued)
Ore Reserves as at June 2016 (continued) For personal use only 34
Slide 36: Ore Reserves as at June 2016 (continued)
Ore Reserves as at June 2016(continued) For personal use only 35
Aeris Resources — Shareholder Meeting (November 2016) on 6ix