Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Macquarie Australia Conference 2021
19 slides from Aurelia Metals's conference presentation, May 5, 2021
Slide 1: Macquarie Australia Conference: Delivering on strategy
Macquarie Australia For personal use only Conference Delivering on strategy 5 May 2021
Slide 2: Forward looking statements
Forward looking statements For personal use only This presentation has been prepared by Aurelia Metals Limited (“AMI” or the “Company”). It should not regulatory risks, operational risks, reliance on key personnel and foreign currency fluctuations. be considered as an offer or invitation to subscrib
Slide 3: Who we are
Who we are ASX: AMI Share price (3 May 2021) A$0.405 For personal use only Our vision is to be a mining business recognised for creating exceptional Shares on issue 1,234 M value through our people and a portfolio of gold and base metals assets. Market capitalisation A$506 M Net cash (31 March 2021)
Slide 4: Our portfolio
Our portfolio Three cashflow producing assets concentrated in NSW with a focus on gold For personal use only Peak Mine Federation Project (Hera Extension) Production FY20A koz 47 Mineral Resources1 Mt 3.5 AISC FY20A A$/oz 1,737 Resource grade % ZnEq 19.6 Ore Reserves1 koz 247 Contained gold koz 158
Slide 5: Our strategy
Our strategy For personal use only Simple, durable and returns focussed 1 Sustainable progression An organisation that excels through our people and superior performance A trusted, sustainable and beneficial presence in the areas in which we operate 2 Sweat our infrastructure and assets Leverage off
Slide 6: Sustainable progression
1 Sustainable progression 25 Group TRIFR (12 moth rolling average) Fundamentals first with a clear map for progression For personal use only 20 15 Aurelia Metals – Safe Metals 42% reduction YTD 10 5 Aurelia Metals – Green Rules 0 Jul-20 Oct-20 Apr-20 May-20 Jun-20 Aug-20 Dec-20 Sep-20 Jan-21 Feb-21
Slide 7: Aurelia's progress
Aurelia’s progress A track record of delivery in development, operations, acquisition and exploration For personal use only AMI Group gold production (koz) [LH axis] and All-In-Sustaining-Cost (A$/oz, net of by-product credits) [RH axis] FY21E based on mid-point of stated Aurelia group production an
Slide 8: How we are positioned
How we are positioned Recent relative cost and margin performance delivers strong validation For personal use only All-In-Sustaining-Cost (A$/oz, net of by-product credits) of reporting Australian gold mines in Sep 2020 and Dec 2020 quarters Source: Aurum Analytics, December 2020 and March 2021 Darg
Slide 9: Sweat our infrastructure and assets
2 Sweat our infrastructure and assets Maximise returns via mine life extensions and operating discipline driving margin For personal use only Kairos Federation Near mine, high NSR material Dargues prioritised to mills Peak North Great Cobar NSR (A$/t ore) High IRR life extensions and Value lies in t
Slide 10: Peak progress and outlook
Peak progress and outlook 1 Optimised plant and the Kairos lode For personal use only Peak Chronos ▪ Peak process plant upgrade completed in March 2020 quarter ▪ Delivered ability to treat at 800ktpa ore throughput across all ore types – gold and Peak North base metals rich ▪ High-grade Kairos lode
Slide 11: Hera progress and outlook
Hera progress and outlook 2 Building out the Hera / Federation complex For personal use only ▪ Declining head grade at Hera expected in line with mine plan, Federation is the logical extension of the complex ▪ Updated Federation deposit resource: 3.5Mt at 5.5% Pb, 9.8% Zn, 1.4g/t Au, 7g/t Ag & 0.3%
Slide 12: Dargues progress and outlook
Dargues progress and outlook 3 Ramping up tonnes and grade For personal use only ▪ Acquired 100% of Dargues Mine in south-east NSW in December 2020 ▪ Recently constructed and ramping-up underground operation ▪ Expected to reach nameplate mine and mill throughput late in current quarter ▪ Expected av
Slide 13: Direct the $ to the highest return
3 Direct the $ to the highest return A structured capital allocation model aimed at IRR For personal use only ▪ Growth profile underpinned by financial discipline and tension for the $ deployed to exploration and future investments ▪ Gold dominant, high value base metals, ‘copper ready’ Exploration
Slide 14: How we add further value: Capture exploration upside
How we add further value 1 Capture exploration upside For personal use only ▪ Premier regional landholding in Regional NSW ▪ Undercapitalised over the past 5-10 years ▪ High near mine and regional potential in all assets ▪ High returns on offer given Aurelia’s existing infrastructure ▪ Disciplined,
Slide 15: Our proposition
Our proposition A gold dominant, high value base metals business For personal use only Group gold equivalent production (koz Au eq) ▪ Gold dominant asset base with a ‘natural’ hedge of high grade base metals providing valuable by-product credits ▪ Flexible polymetallic mills with +1.6Mt combined cap
Slide 16: In Summary - Deliver long term value and returns growth
4 In Summary - Deliver long term value and returns growth Targeting top quartile returns on equity For personal use only A Portfolio of 4-5 Assets Driving Cycle Proofed Mine Lives And A Simple And Durable Strategy Improving Reserve and Cost Base Commodity Mix 16
Slide 17: Contact
For personal use only Contact Telephone: +61 7 3180 5000 Email: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com.au
Slide 18: Appendix: Ore Reserves
Appendix: Ore Reserves For personal use only Peak (30 June 2020) Hera (30 June 2020) Tonnes NSR Au Cu Pb Zn Ag Tonnes NSR Au Pb Zn Ag Class Class (kt) (A$/t) (g/t) (%) (%) (%) (g/t) (Kt) (A$/t) (g/t) (%) (%) (g/t) Proved 339 169 1.1 1.8 0.4 0.7 12 Proved 642 183 1.5 3.1 4.7 28 Probable 2,992 251 2.4
Slide 19: Appendix: Mineral Resources
Dargues (15 March 2017) Appx: Mineral Resources Class Measured Tonnes (kt) 560 Au (g/t) 6.3 Au (koz) 113 Indicated 740 7.4 175 For personal use only Peak (30 June 2020) Inferred 290 6.5 60 Tonnes Au Cu Pb Zn Ag Total 1,590 6.8 348 Class (kt) (g/t) (%) (%) (%) (g/t) Measured 1,749 1.8 1.1 0.7 1.0 13