Aeris Resources Limited · ASX:AIS
Aeris Resources — Q3 2020 Earnings Presentation
15 slides from Aeris Resources's earnings presentation, Oct 22, 2020
Slide 1: Quarterly Presentation September 2020
Quarterly Presentation September 2020 22 October 2020 Presented by: Andre Labuschagne Ian Sheppard (COO) Rob Brainsbury (CFO)
Slide 2: Important notice and disclaimer
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 various assumptions by or on behalf of Aeris. A
Slide 3: Highlights Summary
Highlights Summary Production • Cracow 20,237oz @ AISC $1,282/oz • Tritton 6,044 tonnes @ AISC $3.33/lb • Management changes in place Cracow • Integration complete • Construction of new tailings dam to commence • Cracow - Surface and U/G drilling started Exploration • Tritton - Drilling Tritton and
Slide 4: Safety
Safety Safety and Environment • No LTI’s recorded • No environmental incidents reported • Cracow system audit: good result • Standardise tools across operations Covid-19 • Measures in place to manage • No incidents recorded • Continue to review and update according to Government guidelines 4
Slide 5: Community and Sustainability
Community and Sustainability Tritton RUOK? day Theodore school visit to Cracow Tritton sporting club support Cracow sponsored Theodore Roosters rugby team Tritton Mine Rescue Team 5
Slide 6: Production and Cost Summary
Production and Cost Summary TRITTON UNIT DEC 2019 MAR 2020 JUN 2020 SEP 2020 Tritton Highlights: PRODUCTION SUMMARY QTR QTR QTR QTR • Another consistent quarter ORE MILLED TONNES 393,265 390,690 418,242 411,341 GRADE MILLED Cu (%) 1.47% 1.68% 1.71% 1.56% • Water no longer an issue - dam at TOTAL COP
Slide 7: Cracow - first months of ownership - exceeding our expectations
Cracow - first 3 months of ownership - exceeding our expectations Integration Well capitalised asset - no asset integrity issues emerged since taking ownership New management team in place Teams well aligned with Aeris strategy Systems integration successfully completed Service agreement w
Slide 8: Tritton Copper Operations - Exploration
Tritton Copper Operations - Exploration Anomaly K • Bedrock conductor (approx. 150m below surface) • Anomaly extended beyond tenement boundary – additional tenement granted in June quarter • Ground based EM underway • Drilling to start in December quarter 8
Slide 9: Tritton Copper Operations - Exploration
Tritton Copper Operations - Exploration Murrawombie Murrawombie • Drilling underway to test extensions at depth Tritton to Budgerygar • Exploration drive progressing to enable in-fill drilling program Tritton to Budgerygar Budgerygar Inferred Mineral Resource 2.3mt @ 1.5% cu 9
Slide 10: Cracow Gold Operations - Exploration
Cracow Gold Operations - Exploration Roses Pride Shallow drilling Roses Pride shallow drilling delivers gold RPS003 19.0m @ 5.5 g/t Au (true thickness 10.1m) RPS025 15.0m @ 4.1 g/t Au (true thickness 6.1m) RPS050 5.0m @ 5.3 g/t Au (true thickness 3.3m) RPS054 10.0m @ 5.1 g/t Au (true thickne
Slide 11: Cracow Gold Operations - Exploration
Cracow Gold Operations - Exploration Klondyke and Royal Klondyke and Royal • Recent shallow drilling indicates potential ― KDS002 7.0m @ 11.6 g/t Au (true thickness 3.3m) ― KDS003 3.0m @ 3.1 g/t Au (true thickness 1.7m) ― KDS017 4.0m @ 2.9 g/t Au (true thickness 1.4m) ― KDS015 6.0m @ 2.5 g/t Au (tru
Slide 12: Cracow Gold Operations - Exploration of brownfield target areas
Cracow Gold Operations - Exploration of brownfield target areas Cracow underground • Drilling at Kenneth target to commence in Dec quarter • Extensions to existing Mineral Resources inventories 12
Slide 13: Financials
Financials SEP JUN (A$ Million) 2020 2020 QTR QTR Useable Cash 41.7 19.4 Tritton - Copper concentrate receivables 22.4 15.1 Cracow – gold/silver dore receivables - - Net proceeds from Equity Raise - 34.9 Useable Cash and Receivables 64.1 69.4 New Director appointed Debt • Colin Moorhead joins Board
Slide 14: M&A strategy remains a focus
M&A strategy remains a focus Aeris Resources Commodity Gold and Copper M&A strategy East coast Australia Location Rest of Australia Offshore – Risk reward Pursue strategic M&A opportunities to add value, complement existing Producing operation with established infrastructure portfolio an
Slide 15: What makes Aeris different?
What makes Aeris different? Proven team with a consistent Financially robust, rapidly track record deleveraging A unique platform to Diversified, strong free cash consolidate the landscape generation where others cannot 29 79 Favourable gold / copper Primed to unlock value Cu Au price exposure 15