Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Q1 2024 Earnings Presentation
13 slides from Aurelia Metals's earnings presentation, Oct 19, 2023
Slide 1: September Quarterly Update and Outlook
SEPTEMBER QUARTERLY UPDATE AND OUTLOOK 19 October 2023 ASX Code: AMI Photo: Aerial view of Federation Project August 2023
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 be considered as an offer or invitation to subscribe for or purchase
Slide 3: September 2023 Quarter Highlights
SEPTEMBER 2023 QUARTER HIGHLIGHTS Federation project Continued lower unit restarted and on costs at Peak schedule Positive exploration Strong cash position of results demonstrate A$110M prospectivity SEPTEMBER QUARTER UPDATE AND OUTLOOK | 19 OCTOBER 2023 | PAGE 3
Slide 4: Group Production & Costs
GROUP PRODUCTION & COSTS On track to achieve FY24 guidance Mar Q Jun Q Sep Q FY24 • September quarter result exceeded our plan Group output FY23 FY23 FY24 Guidance • Strong gold production driven by higher grade Gold produced koz 26.1 16.0 16.8 60.0 – 65.0 and tonnes at Peak Copper produced kt 0.6 0
Slide 5: Safety and Environment
SAFETY AND ENVIRONMENT Focus on HSEC and Risk Management Group Total Recordable Injury Frequency Rate (TRIFR) - 12 month moving average 15 10 5 0 Group Recordable Environmental Incident Frequency Rate (REIFR) - 12 month moving average 6 4 2 0 SEPTEMBER QUARTER UPDATE AND OUTLOOK | 19 OCTOBER 2023 |
Slide 6: Peak
PEAK Continued improvement in operating performance Development metres • Peak development rates more than doubled to 723 metres and on track to continue increasing 700 723 352 230 257 • Ore production increased by 19%; development will Sep 22 Qtr Dec 22 Qtr Mar 23 Qtr Jun 23 Qtr Sep 23 Qtr support i
Slide 7: Dargues
DARGUES Reliable production supporting cash generation Development metres • Ore mined 6% higher in the quarter 850 657 702 476 • Development finishes in December quarter – 225 remaining production de-risked Sep 22 Qtr Dec 22 Qtr Mar 23 Qtr Jun 23 Qtr Sep 23 Qtr • Consistent gold producer with 8.1koz
Slide 8: Federation
FEDERATION Development resumed to schedule Federation mine design looking north (development progress to 15 October 2023 in yellow) • Development resumed on 1 August 2023 as planned • 405 metres advanced in August and September – ahead of schedule • Commitments progressed for major contracts for: –
Slide 9: Exploration
EXPLORATION Exploration results again demonstrate Peak's prospectivity Upper Chronos Chesney South 11.0m @ 1.0g/t Au 11.5m @ 1.0% Cu and 1.9g/t Au Including 2.0m @ 2.2g/t Au Including 4.5m @ 1.3% Cu and 4.7g/t Au Perseverance Zone A 2.8m @ 2.3% Cu Including 1.0m @ 4.6% Cu Perseverance Deeps 13.0m @
Slide 10: Balance Sheet
BALANCE SHEET Funding finalised and operations generating cash Group Cash A$M1 • Cash on hand of A$110M and further undrawn liquidity of ~A$36M • Cash to be further bolstered by tax refund of A$21M (expected in December quarter) • Peak cash flow expected to increase due to higher base metals product
Slide 11: Key Focus Areas
KEY FOCUS AREAS Crucial to delivering our plan in FY24 HSEC and Risk Management Cost base at Peak Sustainable cash generation from Dargues Rapidly advancing development at Federation Continue exploration at both Peak and Nymagee Progressing Great Cobar Copper mine study Opportunities to fill our mil
Slide 12: Contact
CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com
Slide 13: Appendix: FY24 Guidance and Supporting Detail
APPENDIX FY24 GUIDANCE FY24 SUPPORTING DETAIL FY24 Units FY241 GROUP OUTPUT Metric Guidance1 Group Gold Production koz 60.0 – 65.0 Gold koz 60.0 – 65.0 Peak Gold Production koz 29.0 – 32.0 Copper kt 2.8 – 3.1 Dargues Gold Production koz 31.0 – 33.0 Zinc kt 17.5 – 20.0 Peak Copper Production kt 2.8 -