Aeon Metals — North West MPX Conference 2023
18 slides from Aeon Metals's conference presentation, May 10, 2023
Slide 1: Walford Creek Cu-Co-Zn-Ni Project
Walford Creek Cu-Co-Zn-Ni Project 10 May 2023 North West MPX Conference Mount Isa
Slide 2: Important Cautionary Statement
Important Cautionary Statement The contents of this document are for information purposes only and are presented in summary form. It should be read in conjunction with Aeon's most recent financial report and Aeon's other periodic and continuous disclosure information lodged with the Australian Secur
Slide 3: Walford Creek – A Compelling Investment Case
Walford Creek – A Compelling Investment Case • 2022 drilling yields substantial • Now one of Australia’s largest and increase in Mineral Resources to highest grade Cobalt deposits ~1.17 m tonnes CuEq1 • Copper Rich resource: • Mineralisation is confirmed 33.6 Mt @ 1.17% Cu & 0.15% Co1 continuous ove
Slide 4: The Company
The Company COMPANY SNAPSHOT BOARD Enterprise Value A$58 million Paul Harris Over 28 years’ experience in financial markets and resources investment banking. Previously MD, Head of Metals and Mining at Citi. Major shareholder OCP Asia (46%) Dr Fred Hess Over 40 years’ experience in mining project de
Slide 5: Dominant Emerging Basin Tenement Package
Dominant Emerging Basin Tenement Package Recent AngloAmerican basin pegging following success at Walford • World class copper province • >108,000m drilling over past 5 years • >72 Mt polymetallic Mineral Resource underpins development with ~61% M&I • Outstanding near resource potential • Regional up
Slide 6: Walford Creek Copper-Cobalt Project
Walford Creek Copper-Cobalt Project • North-west Queensland in a Tier 1 mineral province and mining jurisdiction Location • 70 km west of Doomadgee, 350 km north-west of Mount Isa, 1,300 km west of Townsville • Polymetallic (Cu, Co, Zn, Ni, Pb, Ag) with previous MRE of ~44 Mt @ >2.5% CuEq (significa
Slide 7: Comminution, Flotation, Leaching, Refining
COMMINUTION FLOTATION LEACHING REFINING Copper Cathode LME Grade A Zinc Sulphate Fertiliser Grade Cobalt Sulphate Battery Grade Nickel Sulphate Battery Grade 7
Slide 8: Leaching and Refining of Concentrate at Mount Isa?
Leaching and Refining of Concentrate at Mount Isa? Concentrate slurry pipeline to Mount Isa Could follow existing powerline route from New Century (topography allowing) Walford Creek Install intermediate pump stations at New Century and Gunpowder (if required) Advantages • Reduced wet season a
Slide 9: Clean Energy in Driving Seat for Mineral Demand Growth
Clean Energy in Driving Seat for Mineral Demand Growth 9
Slide 10: Investment Highlights
Investment Highlights Critical and battery metals focus • Copper, cobalt, zinc and nickel - metals that will deliver the solution to net zero by 2050. 2022 exploration program • Mineralisation confirmed continuous over 10 km of strike length at Walford delivered big time Creek Cu-Co-Zn-Ni project in
Slide 11: Significant Combined Metal Increase
Significant Combined Metal Increase1 Global Mineral Resources Category Mt Cu % Pb % Zn % Ag ppm Co % Ni % Measured 17.1 0.61 0.93 1.03 23.04 0.12 0.05 Indicated 27.5 0.59 0.94 0.84 25.25 0.11 0.05 Inferred 28.0 0.70 1.56 0.82 34.96 0.12 0.06 Total 72.6 0.64 1.17 0.87 28.47 0.12 0.06 1.63% CuEq Globa
Slide 12: Fish River Fault
Fish River Fault 12
Slide 13: Resource Expansion
Resource Expansion 10 km of continuous mineralisation — open to the west, east and south Legend ‘Targeted Holes — * Drill Holes / All Holes Pt Date A = ©N u (70.5%) Resource / PY1 & Dol BX ‘eNar2023 Mone ts {Co > 500ppm 7 PYS ESR 7 PY1 & Dol BX - 2022 00 0 500m Fish River Fault Pe oys oOo _ Explorat
Slide 14: Additional Mineral Resources
Additional Mineral Resources 2021 Copper Rich Resource 33.6 Mt @ 1.11% Cu & 0.15% Co extended by 9.1 Mt 2022 Across Amy and Le Mans zones • Upper Py1 unit – largely untested • Lower Py3 unit - some large gaps remain 2021 Cobalt Peripheral Resource 39 Mt @ 0.23% Cu & 0.08% Co includes maiden resource
Slide 15: Walford Creek 2023 Proposed Program
Walford Creek 2023 Proposed Program Total Drilling Planned: 20,000 m Main Project Areas Extend high grade Amy resource • Amy Infill Priority 1 Amy Infill Walford West Walford North Extend along-strike and at depth • Walford West Priority 1 • Walford SW Priority 2 Walford Far West Distal new prospect
Slide 16: Walford Creek Project Pipeline
Walford Creek Project Pipeline Proximal Resource Anomalies Distal New Resource (Along Strike (Measured & and Concepts Prospects (Inferred) Extensions) Indicated) 100% Inferred 95% M&I Walford Walford Deeps Far West Walford West Le Mans Marley Pipeline of prospective targets covering 52 km of Amy Var
Slide 17: Walford Creek Exploration Potential
Walford Creek Exploration Potential 100% ownership, 416 km2, first mover status, plus Ground Position Basin Edge tenements to east (1,254 km2) 10 km strike from Vardy East to Amy West, 2+ Known Extent mineralised zones, fault structure controlled Cu & Co dominate, same basic ore type Right Mineralis
Slide 18: Contact
Contact Dr Fred Hess Managing Director and CEO fred.hess@aeonmetals.com.au +61 438 185 129