Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Investor Presentation (January 2019)
36 slides from Aurelia Metals's investor presentation, Jan 22, 2019
Slide 1: Building the Next Mid-Tier Gold and Base Metals Producer
ASX Code: AMI Building the Next Mid-Tier Gold and Base Metals Producer • Can we get access to some images of Peak to use on the cover here? General Investor Presentation – January 2019 Jim Simpson, Managing Director & CEO
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation has been prepared by Aurelia Metals Limited (“AMI” 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
Slide 3: Corporate Information
ASX code AMI • Corporate Information Shares on issue 868M Issued Capital – unlisted perf. Rights 4.5M Market Capitalisation $785M/79c Non – Executive Cobb Johnstone Major Shareholders Aus Super 6.3% Chairman Eley Griffiths 5.7% Glencore 5.4% Managing Director & Jim Simpson Colonial 5.0% Chief Execut
Slide 4: Company Highlights
Company Highlights ✓ Hera operating at +480ktpa improving recoveries (91.2% vs 90.3% last qtr) and reducing capital costs ✓ North Pod and Far West Deeps now in production ✓ Integration of Peak continuing with move to a mining contractor ✓ Lead/Zinc upgrade at Peak underway ✓ Great Cobar exploration
Slide 5: Key Assets – Located in the productive Cobar Region
Key Assets – Located in the productive Cobar Region Bourke Endeavour Zn/Pb/Ag (CBH-Toho) Australia CSA Cu (Glencore) NSW Nyngan Cobar Peak Au/Cu/Pb/Zn Cobar Nymagee Cu Project Basin Hera Au/Pb/Zn Mine Wonawinta Ag Mallee Bull Cu/Pb/Zn Project (Peel/CBH) Newcastle ORANGE Parkes Southern Nights (Peel)
Slide 6: Aurelia growing in the Cobar Basin
Aurelia growing in the Cobar Basin Regional consolidation in the polymetallic Cobar Regional Aurelia with a dominant landholding in a highly Basin with two major processing plants with a Foothold endowed mineral province combined capacity of 1.3Mt Pb/Zn upgrade at Peak and Cu circuit to be installed
Slide 7: Peak Mines - A 10km Corridor of High Grade Mines
Peak Mines - A 10km Corridor of High Grade Mines • Mining from two underground mines currently: I. Southern Corridor - Perseverance/Chronos II. Northern Corridor – Jubilee and Great Cobar Project • Mining Inventory indicating potential for a 10 year mine life 7
Slide 8: Hera - North Pod ready to be mined
Hera - North Pod ready to be mined 500 m below surface 8
Slide 9: AMI Resources
AMI Resources Tonnes NSR Au Pb Zn Ag Cu Hera Resource Estimate (kt) (A$/t) (g/t) (%) (%) (g/t) (%) Measured 1007 248 2.6 2.7 4.2 20 N/A Indicated 951 228 2.7 2.1 3.2 17 N/A Inferred 558 239 1.7 3.5 4.7 51 N/A Total 2,516 238 2.44 2.65 3.93 25.7 N/A * Based on a $120/t NSR Cutoff Tonnes NSR Au Pb Zn
Slide 10: AMI Reserves
AMI Reserves Tonnes NSR Au Pb Zn Ag Cu Hera Reserve Estimate (kt) (A$/t) (g/t) (%) (%) (g/t) (%) Total 1,117 256 3.05 2.84 4.36 22.7 N/A Peak (Au/Cu/Pb) Reserve Estimate Tonnes NSR Au Pb Zn Ag Cu (kt) (A$/t) (g/t) (%) (%) (g/t) (%) Proven 290 185 1.67 0.1 N/A 1.67 1.77 Probable 1,753 268 3.78 0.75 N
Slide 11: AMI Mining Inventory – Long Term View
AMI Mining Inventory – Long Term View Tonnes NSR Au Pb Zn Ag Cu Hera (kt) (A$/t) (g/t) (%) (%) (g/t) (%) Reserves 1,117 256 3.05 2.84 4.36 22.7 N/A Mining Inventory 345 265 1.82 4.21 5.62 62.1 N/A Total 1,463 258 2.76 3.16 4.65 32.0 N/A Tonnes NSR Au Pb Zn Ag Cu Nymagee (kt) (A$/t) (g/t) (%) (%) (g/
Slide 12: Chronos Mining Inventory
Chronos Mining Inventory • 74kt Chronos high grade (Au/Cu/Pb) remaining CHRONOS MINING INVENTORY Chronos Au/Cu/Pb Class Tonnes NSR Au Ag Cu Pb Zn Lode (kt) ($/t) (g/t) (g/t) (%) (%) (%) Reserves 128 987 16.6 49.4 0.47 8.29 N/A Chronos Au/Cu/Pb Inventory 18 743 12.8 33.6 0.15 6.83 N/A Total 146 957 1
Slide 13: Growing Company Profile
Growing Company Profile Exploration - Peak Chronos Extensions, Chronos Pb/Zn Peak Deeps Jubilee Extensions, Dapville Great Cobar Exploration - Hera Hera – Exploration Budget for 2018/19 Juno, Hebe, Zeus, Athena, Dominion, Federation Nymagee Extensions Projects – 2019 Pb/Zn Upgrade at Peak Great Coba
Slide 14: Strong Balance Sheet
Strong Balance Sheet • No debt • Net cash position $108M (31 Dec 2018) • Equity raised in Dec 17 ($21M) and Mar 18 Quarters ($65M) • Peak purchase completed in Jun 18 Quarter (net $59M) 14
Slide 15: AISC Margin
AISC Margin • Working capital adjustments • Strong margin maintained 15
Slide 16: Group Gold Production
Group Gold Production auretia “{- Aurelia Metals Limited Qtly Gold Production oz 60,000 54,746 B Peak Gold Production 50,000 + @ Hera Gold Production 40,000 30,000 20,000 Dec 17 Qtr Mar 18 Qtr Jun 18 Qtr Sep 18 Qtr Dec 18 Qtr 16
Slide 17: Group Metal Production
Group Metal Production • Reduced lead recovery at Peak from 85% to 74% 17
Slide 18: Hera – Delivering strong operating performance
Hera – Delivering strong operating performance • Consistent quarter • Reduced capital development but increased delineation drilling 18
Slide 19: Peak – Turnaround continuing
Peak – Turnaround continuing • Throughput down for the quarter from 135kt to 125kt • Increasing development and diamond drilling 19
Slide 20: Peak – Turnaround continuing
Peak – Turnaround continuing 20
Slide 21: Peak Mines - Southern Mine Corridor
Peak Mines - Southern Mine Corridor Perseverance/Chronos Development Peak Development 21
Slide 22: Peak Mines - Northern Mine Corridor
Peak Mines - Northern Mine Corridor 22
Slide 23: Peak Mines – Great Cobar Exploration Decline and Drilling
Peak Mines – Great Cobar Exploration Decline and Drilling 23
Slide 24: Peak Mines - Great Cobar Exploration
Peak Mines - Great Cobar Exploration Legend Rsource Shapes Historic Workings Planned Development PGM drill intercept CM drill intercept Mineralisation trend Historic Historic Lens Design Workings 7.6M @ 1.60 % Cu 9M @ 1.77 % Cu Exploration Potential 4M @ 1.81 % Cu Possible ore lens proposed by Cobar
Slide 25: Key Focus – Extend the Hera Mine Life
Key Focus – Extend the Hera Mine Life 25
Slide 26: Upper North Pod Drilling
Upper North Pod Drilling auretia Recent underground drill hole Existing drill hole (surface) OPEN e ° @ Existing drill hole (underground) [1] North Pod mineral blocks ($140 NSR) — 200L North Pod LOM stope outline (2018) 1m @ 13.6% Pb4Zn, 247¢/t Ag, 0.2g/t Au HR 6.4m @ 43.6% Pb+Zn, 263¢/t Ag, 0.3¢/t
Slide 27: Exploration Hera/Nymagee Region
Exploration Hera/Nymagee Region Mine Corridor ▪ Hera-Nymagee corridor remains highly prospective ▪ The Hera & Nymagee deposits are both marked by prominent gravity highs ▪ Several gravity targets have been defined along 20 km of strike ▪ Exploration of corridor proposed for FY19 27
Slide 28: Exploration Hera / Hebe
Exploration Hera / Hebe aurelia (METALS Led. Lead in soil anomalies (Pb >160ppm) 400 metres aurelia “Se METALS Led, Hebe prospect (with recent drilling) [10,200mRL 7m @ 1.8% Pb+Zn, 68/t Ag, 0.0g/t Au and 17m @ 1.3% Pb+Zn, 4g/t Ag, 0.2g/t Au incl. 3m @ 3.3% Pb+Zn, 10g/t Ag, 0.89/t Au |10,000mRL 19,80
Slide 29: Key Focus – Deliver growth in mine life with Nymagee
Key Focus – Deliver growth in mine life with Nymagee Nymagee Long Section Nymagee Cu/Pb/Zn ▪ Pre-Feasibility work underway with environmental and metallurgical studies ▪ Exploration potential at depth ▪ Pb/Zn lens separate to Cu lens Detail on the Nymagee Resource can be found in the Company’s 2016
Slide 30: Key Focus – Deliver growth in mine life with Nymagee
Key Focus – Deliver growth in mine life with Nymagee 30
Slide 31: Nymagee Project
Nymagee Project Scoping Study Key Findings 3.5 to 4 Years Mine Life This provides a total project life of 8-9 years including Hera 1.38 Mt at 2.2% Cu, 1.6% Pb, 3.2% Zn Production Target (NSR A$190/t-A$210/t) NSR Value Scoping Study metal prices of US$5,800 Cu, US$2,350 Pb and US$2,850 Zn, FX 0.76) O
Slide 32: Dominion Discovery – Extensive oxide mineralisation
Dominion Discovery – Extensive oxide mineralisation Pb Soil Sampling 32
Slide 33: Dominion Discovery – Extensive oxide mineralisation
Dominion Discovery – Extensive oxide mineralisation Cu Soil Sampling 33
Slide 34: Dominion Discovery – Extensive oxide mineralisation
Dominion Discovery – Extensive oxide mineralisation Dominion Plan and X-Section Dominion Drilling Plan ▪ Further step out drilling of the soil anomalies ▪ Diamond drilling to ascertain structural controls ▪ 5 month drilling plan 34
Slide 35: Dominion Discovery – Extensive oxide mineralisation
Dominion Discovery – Extensive oxide mineralisation Dominion X-Section 35
Slide 36: Aurelia Metals Limited
Thank you Aurelia Metals Limited 36
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