Aurelia Metals Limited · ASX:AMI
Aurelia Metals — FY2024 Earnings Presentation
19 slides from Aurelia Metals's earnings presentation, Aug 29, 2024
Slide 1: Full Year 2024 Financial Results
FULL YEAR 2024 FINANCIAL RESULTS 29 August 2024 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 be considered as an offer or invitation to subscribe for or purchase
Slide 3: FY24 Highlights
FY24 HIGHLIGHTS Improved operating Margins and profitability performance significantly enhanced Federation first stope ore Exploration results in Q1 FY25 support long-term growth 2024 FULL YEAR FINANCIAL RESULTS | 29 AUGUST 2024 | PAGE 3
Slide 4: Aurelia Snapshot
AURELIA SNAPSHOT Developer and operator of choice for base metals that power the future Market FY24 Share Price FY24 Balance Sheet Capitalisation Performance +92% Performance 30 June 2024 $0.25 Closing price Production $116.5M cash on hand $270M $0.20 Gold - 65.3kozs $0.15 Copper - 2.2kt Shares on i
Slide 5: Sustainability
SUSTAINABILITY Group TRIFR1 Record low Group REIFR 2 15 4 3 10 2 5 1 0 0 Jul-23 Aug-23 Sep-23 Nov-23 Dec-23 Feb-24 Apr-24 May-24 Jun-24 Oct-23 Jan-24 Mar-24 Aug-23 Sep-23 Jul-23 Nov-23 Dec-23 Feb-24 May-24 Oct-23 Apr-24 Jun-24 Jan-24 Mar-24 Increased focus on Supporting our local leading indicators
Slide 6: Group Financial Performance
GROUP FINANCIAL PERFORMANCE Significant improvement in margins and cash flow Group output Units FY24 FY23 % change EBITDA – statutory $M 72.1 55.8 29 EBITDA – underlying $M 81.0 55.7 45 EBITDA Margin - underlying % 26.1 15.1 73 Net Profit/(Loss) After Tax – statutory $M (5.7) (52.2) 89 Net Profit/(L
Slide 7: AISC Margins, Cash Flow & EBITDA
AISC MARGINS, CASH FLOW & EBITDA Materially enhanced by cost reductions and higher prices Group AISC Margin Mine Operations Cash Flow ($M)1 75 A$1,136/oz A$382/oz 57 A$2,315/oz A$2,035/oz FY23 FY24 FY23 FY24 AISC AISC Margin Achieved Gold Price Underlying EBITDA ($M) Cash Flow from Operations ($M) 8
Slide 8: Strong Cash Balance Maintained
STRONG CASH BALANCE MAINTAINED Investments in Federation and exploration funded from operating cash flow in FY24 1 Group Cash & Liquidity A$M 75.0 ~152 116.5 111.3 6.3 (64.8) (11.4) 56.8 Performance bond cash backing returned 15.6 Retail equity proceeds Cash balance 38.9 @ 30 June 2023 Jun-23 Mine G
Slide 9: FY25 Guidance
FY25 GUIDANCE Focused on the Cobar Region Measure Units FY25 Guidance1 Gold produced koz 40 – 50 Copper produced kt 2.5 – 3.5 Zinc produced kt 14 – 20 Lead produced kt 13 – 19 Group Operating Costs2 $M 185 – 220 Sustaining Capital $M 25 – 35 Federation Growth Capital $M 70 – 80 Exploration $M 10 – 1
Slide 10: Federation
FEDERATION First stope ore targeted in Q1 FY25 • Ore drive development ongoing with approx. 3,000 tonnes now on surface • FY25 ore mined expected to be 100 - 140kt • Commercial production forecast to commence from July 2025 • Installation of primary ventilation fan, intersection upgrades, workshop a
Slide 11: Mineral Inventory & Exploration
MINERAL INVENTORY & EXPLORATION Resource endowment and exploration prospectivity provide a strong growth platform • Significant Mineral Resource of 26Mt which includes 8.6Mt of Great Cobar Resource at 2.1% copper1 • Ore Reserves of 4.7Mt1 • Key Federation and Great Cobar orebodies limited only by dr
Slide 12: FY25 Focus Areas
FY25 FOCUS AREAS The developer and operator of choice for critical base metals that power the future 1 Federation first stope ore this quarter, then ramp-up 2 Continue to improve operational performance 3 Attract and retain talent 4 Cobar Optimisation and Great Cobar Investment Decision 5 Exploratio
Slide 13: 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 Photo: Sunrise at the Federation Project
Slide 14: Appendix 1 | FY24 Financial Performance
APPENDIX 1 | FY24 FINANCIAL PERFORMANCE 2024 2023 Underlying net profit/(loss): Change % $’000 $’000 Notes: Net profit/(loss) before income tax (1,595) (73,873) 98 (i) Underlying net profit/(loss) reflects the statutory net Add back: profit/(loss) adjusted to reflect the Directors’ assessment of Imp
Slide 15: Appendix 2 | FY25 Detail
APPENDIX 2 | FY25 DETAIL Measure Units FY25 Group gold production koz 40 – 50 Peak gold production * koz 37.5 – 45.0 Dargues gold production koz 2.5 – 5.0 Copper produced * kt 2.5 – 3.5 Zinc produced * kt 14 – 20 Lead produced * kt 13 – 19 Group Operating Costs $M 185 – 220 Peak $M 160 – 180 Dargues
Slide 16: Appendix 3 | Mineral Resources and Ore Reserves
APPENDIX 3 | MINERAL RESOURCES AND ORE RESERVES Group Mineral Resource Estimate as at 30 June 2024 Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Measured 2,400 1.2 2.2 0.8 0.6 9 Indicated 14,000 1.4 1.0 2.6 1.6 8 Inferred 9,700 1.7 0.4 1.7 0.9 13 Total 26,000 1.5 0.9 2.1 1.3 10 Group O
Slide 17: Appendix 4 | Group Mineral Resources Estimate
APPENDIX 4 | GROUP MINERAL RESOURCES ESTIMATE Group Mineral Resource Estimate as at 30 June 2024 Project Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak Mine copper Measured 1,700 1.4 1.9 0.1 0.1 6 Indicated 7,900 1.8 1.0 0.0 0.0 5 Inferred 6,300 2.0 0.5 0.1 0.0 7 Total 16,000 1.8 0
Slide 18: Appendix 5 | Group Ore Reserve Estimate
APPENDIX 5 | GROUP ORE RESERVE ESTIMATE Group Ore Reserve Estimate as at 30 June 2024 Project Category Tonnes (kt) NSR (A$/t) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak Mine copper Proved 560 280 1.5 2.5 0.1 0.0 6 Probable 1,400 240 1.8 1.5 0.0 0.0 4 Total 2,000 250 1.7 1.8 0.0 0.0 5 Peak Mine zinc
Slide 19: Appendix 6 | Group Production Target Estimate
APPENDIX 6 | GROUP PRODUCTION TARGET ESTIMATE Group Production Target Estimate as at 30 June 2024 Project Category Tonnes (kt) NSR (A$/t) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak Mine Measured portion 730 310 1.3 2.9 1.2 0.8 9 Indicated portion 2,400 250 1.9 1.4 0.4 0.3 6 Inferred portion 1,100 2