Aurelia Metals Limited · ASX:AMI
Aurelia Metals — H1 FY26 Earnings Presentation
18 slides from Aurelia Metals's earnings presentation, Feb 26, 2026
Slide 1: Half Year FY26 Financial Results
HALF YEAR FY26 FINANCIAL RESULTS 26 February 2026 ASX Code: AMI
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation has been prepared by Aurelia Metals Limited (‘AMI’ or the ‘Company’). It should not By its very nature, production and exploration for gold and base metals is a high risk business and is not be considered as an offer or invitation to subscribe for or purc
Slide 3: Delivering Strong Results
DELIVERING STRONG RESULTS Operations delivering strong financial returns Growth in mined tonnes at Federation contributing to cash flow Great Cobar and Peak plant expansion projects on schedule Balance sheet benefiting from operating performance and prices 12% increase in Mineral Resources 17% incre
Slide 4: H1 FY26 Highlights
H1 FY26 HIGHLIGHTS Improvement in profitability as production grows Revenue Underlying EBITDA Underlying EBITDA Margin $207M $69.8M 33.8% 27% 41% 10% Underlying NPAT Cobar Region Operating Earnings per share Cash Flow $24.9M 1.33c/sh $51.2M 60% 25% 37% H1 FY26 FINANCIAL RESULTS | 26 FEBRUARY 2026 |
Slide 5: Balance Sheet Supporting Growth
BALANCE SHEET SUPPORTING GROWTH Continued strength from strong operating performance and favourable commodity prices 51.2 Group Cash A$M1 • Cash flow from operations has again funded all growth capital (21.4) (8.5) • Tax payment of $12.2M made in 27.8 113.4 110.1 (12.5) the half relating to FY25 (15
Slide 6: Federation Growth Contributing to Cash Flow
FEDERATION GROWTH CONTRIBUTING TO CASH FLOW Significant step up in mined tonnes in H2 FY26 in line with our plan Mined tonnes (kt) ahead of plan YTD Grade reconciling in line with plan 180–200 Gold grade (g/t) Zinc grade (%) Lead grade (%) 139 1.23 4.61 8.18 87 6.53 3.17 0.67 20 H1 FY25 H2 FY25 H1 F
Slide 7: Delivering Throughput Expansion at Peak
DELIVERING THROUGHPUT EXPANSION AT PEAK Increases processing capacity to 1.1–1.2Mtpa with improved recoveries Tailing and Process Water Management Tertiary Ball Mill Crushing and Materials Handling • Improves copper and zinc recovery, reduces • Improves copper recoveries • Supports the higher throug
Slide 8: Growth in Mineral Resources and Ore Reserves
GROWTH IN MINERAL RESOURCES AND ORE RESERVES Mineral Resource 19Mt @ 1.8% Cu, 0.7g/t Au Peak GROUP Copper Ore Reserve 3.0Mt @ 1.8% Cu, 1.6g/t Au Mineral Resources1 Mineral Resource 29Mt 12% Peak Zinc-Lead 1.8Mt @ 5.3% Zn, 3.1% Pb, 1.2g/t Au Ore Reserve 0.36Mt @ 3.4% Zn,1.9% Pb, 2g/t Au Ore Reserves1
Slide 9: Great Cobar Copper
GREAT COBAR COPPER Investment case materially higher at current prices • Mineral Resource 11Mt at 2.0% Cu and 0.5g/t Au1 • Development from existing mine workings at New Cobar • Capital investment of $92M to unlock initial 8 year mine life • Production forecast to commence in ~2 years • Significant
Slide 10: Nymagee
NYMAGEE The next catalyst in our organic copper growth pipeline • Mineral Resource up 70% to 3.9Mt @ 1.7% Cu, 1.3% Zn1 • Drilling programs underway to grow resource in CY26 • Suitable to process at Hera or Peak processing plants • Close proximity to Hera and Federation infrastructure 1. Refer ASX An
Slide 11: The Elements in Place to Deliver Growth
THE ELEMENTS IN PLACE TO DELIVER GROWTH Building towards ~40ktpa1 of copper equivalent production in FY28 ✓ Building profitability as production grows ✓ Strong cash balance and no drawn debt 2 ✓ Development of copper growth at Great Cobar underway ✓ Hera Plant restart option available Processing cap
Slide 12: Contact
CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 10, 10 Felix Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com
Slide 13: Appendix 1: Group Operational Summary
APPENDIX 1: GROUP OPERATIONAL SUMMARY Gold production tracking to upper end of guidance range Key Metric Units FY26 H1 FY26 H1 FY25 Guidance Gold koz 22.1 21.5 35 – 45 Copper kt 1.0 2.0 3.0 – 4.0 Zinc kt 13.8 6.2 24 – 32 Lead kt 8.2 7.3 14 – 22 Group Operating Costs1 $M 143.8 102.5 275 – 315 H1 FY26
Slide 14: Appendix 2: Group Financial Performance
APPENDIX 2: GROUP FINANCIAL PERFORMANCE Key Metric Units H1 FY26 H1 FY25 % Change EBITDA – statutory $M 66.5 51.9 28 EBITDA – underlying $M 69.8 49.6 41 EBITDA margin – underlying % 33.8 30.6 10 Net Profit/(Loss) After Tax – statutory $M 22.6 18.0 26 Net Profit/(Loss) After Tax – underlying $M 24.9
Slide 15: Appendix 3: Mineral Resources and Ore Reserves
APPENDIX 3 | MINERAL RESOURCES AND ORE RESERVES Group Mineral Resource Estimate as at 30 June 2025 Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Measured 2,100 1.3 1.8 1.0 0.6 8 Indicated 15,000 1.4 0.9 2.0 1.1 7 Inferred 12,000 1.6 0.3 1.4 0.8 9 Total 29,000 1.5 0.7 1.7 1.0 8 Group Or
Slide 16: Appendix 4: Group Mineral Resources Estimate
APPENDIX 4 | GROUP MINERAL RESOURCES ESTIMATE Group Mineral Resource Estimate as at 30 June 2025 Project Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak Mine copper Measured 1,600 1.6 1.6 0.1 0.1 7 Indicated 9,100 1.9 0.8 0.1 0.1 6 Inferred 7,800 1.9 0.4 0.1 0.1 7 Total 19,000 1.8 0
Slide 17: Appendix 5: Group Ore Reserve Estimate
APPENDIX 5 | GROUP ORE RESERVE ESTIMATE Group Ore Reserve Estimate as at 30 June 2025 Project Category Tonnes (kt) NSR (A$/t) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak copper Proved 700 300 1.3 2.4 0.1 0.1 6 Probable 2,300 270 1.9 1.4 0.1 0.0 6 Total 3,000 280 1.8 1.6 0.1 0.1 6 Peak lead-zinc Prov
Slide 18: Appendix 6: Great Cobar Mineral Resources Estimates
APPENDIX 6 | GREAT COBAR MINERAL RESOURCES ESTIMATES Great Cobar Copper MRE reported by classification as at 30 June 2025 Tonnes Cu Au Zn Pb Ag Class (kt) (%) (g/t) (%) (%) (g/t) Indicated 5,900 2.1 0.6 0.1 0.0 6 Inferred 4,900 1.9 0.4 0.2 0.1 6 Great Cobar Copper Total 11,000 2.0 0.5 0.1 0.0 6 Note