Asiamet Resources Limited · LSE:ARS
Asiamet Resources — Mines and Money London 2023
27 slides from Asiamet Resources's conference presentation, November 2023
Slide 1: Supplying Asia's Growing Need for Energy Metals
AIM : ARS SUPPLYING ASIA’S GROWING NEED FOR ENERGY METALS NEW INDONESIAN BASE METALS SUPPLY Mines and Money London NOVEMBER 2023
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The information contained in this confidential document (the “Presentation”) has been This presentation contains “forward-looking statements” including but not limited prepared by Asiamet Resources Limited (the “Company” or "Asiamet") solely for to, statements with respect
Slide 3: Company Overview
COMPANY OVERVIEW QUALITY ASSETS / RIGHT METALS / RIGHT TIME HIGH QUALITY COMPELLING VALUE PROVEN TEAM PORTFOLIO DISTRICT SCALE Rare portfolio of base and JORC (2012) Resources Internationally recognised precious metal projects with contain 2.9Mt Cu, 2.1Moz team with proven track district scale upsid
Slide 4: Asiamet Projects Overview
ASIAMET PROJECTS OVERVIEW Beutong IUP (80%) 20yr + 2*10yr Extensions KSK Contract of Work (100%) Resources (JORC 2012) 30yr + 2*10yr Extensions Copper – 2.4Mt (100%) Resources (JORC 2012) Gold – 2.11M Oz (100%) Copper – 473kt Silver – 20.9M Oz (100%) Zinc – 101kt Asiamet Corporate Lead – 40kt Large
Slide 5: Kalimantan KSK COW – Regional Setting
KALIMANTAN KSK COW REGIONAL SETTING Located on Kalimantan Magmatic Arc Host to a number of significant precious and base metal projects Kelian (8Moz Au) IndoMuro (XMoz Au) Marsupa Ria (Au-Ag, Base Metals) Mirah (Au-Ag) Mamut (2mt Cu, 1.5Moz Au) Bau (3Moz Au) All information on this slide is subject
Slide 6: Kalimantan KSK COW – Regional Setting
KALIMANTAN KSK COW REGIONAL SETTING All information on this slide is subject to review and final sign off through completion of the Updated Feasibility Study. 6
Slide 7: Kalimantan KSK COW – BKM Copper
KALIMANTAN KSK COW – BKM COPPER SIGNIFICANT COPPER RESOURCE BASE Measured Mineral Resources BKM Deposit is interpreted to be the copper stockwork feeder of an eroded Cut-off Cu % Mt Cu Grade % Copper Kt VHMS deposit. 0.2 20.6 0.7 148.5 Both Cu and Zn-Pb-Ag-Au mineralization 0.5 14.9 0.8 124.9 is pre
Slide 8: KSK COW BKM Copper Project – May Feasibility Study Outcomes
KSK COW BKM COPPER PROJECT MAY 23 FEASIBILITY STUDY OUTCOMES $162.8m $1.4bn 156kt NPV8 Initial LOM LOM Copper (post tax, excl. closure) Revenues Produced 3.4 yrs 21.0% 10 yrs Payback Period IRR (post-tax, excl closure) Copper Production $1.91/lb 5.95p Significant C1 Cash Costs Project NPV8 per share
Slide 9: BKZ Resource Growth Potential – Apply VHMS Model
KALIMANTAN KSK COW BKZ RESOURCE GROWTH POTENTIAL – APPLY VHMS MODEL BKZ Exploration Program 2021/22 defined classic Discovery of Gold-Silver rich hematite breccia lens VHMS style system north of BKM towards end of recent drill campaign. High Value (to US$400t) Zinc/Lead/Silver upper Outstanding resu
Slide 10: Regional Scale – Underexplored for VHMS Deposits
KALIMANTAN KSK COW REGIONAL SCALE – UNDEREXPLORED FOR VHMS DEPOSITS Potential for multiple discoveries across 40,000Ha CoW Apply newly recognized VHMS model to exploration 15 highly prospective targets identified, most with some early stage exploration, several with limited drill testing. Copper-ric
Slide 11: Why Invest in Asiamet Resources?
WHY INVEST IN ASIAMET RESOURCES? QUALITY ASSETS & PEOPLE VALUE Focussed team with a proven track Sustained strong copper demand driven by Asian economic record - Indonesia, discovery, mine growth, renewable energy infrastructure and EV’s development Supply is constrained due to a lack of exploration
Slide 12: Contact Information
CONTACT AIM | ARS INFORMATION Darryn McClelland Chief Executive Officer E: darryn.mcclelland@asiametresources.com W: www.asiametresources.com 12
Slide 13: Appendices
ie ASIAMET RESOURCES APPENDICES
Slide 14: Corporate Profile
CORPORATE PROFILE Future facing metals SHARE PRICE MARKET CAPITALISATION CASH Path to first production £23.3m US$2.3m Indonesia – right place, 0.90p $29.2m Million right time Strong local partners As at 22 November 2023 2,594 million shares on issue No Corporate Debt as at 23 November, 2023 Cash (at
Slide 15: Management Team
MANAGEMENT TEAM EXPERIENCED TEAM WITH PROVEN TRACK RECORD Tony Manini Darryn McClelland Executive Chairman Chief Executive Officer Geologist, 30+ years, Rio Tinto, Oxiana/OZ Mining Engineer with over 25+ years experience Minerals, Tigers Realm, EMR Capital. in mining operations. Previously COO of th
Slide 16: BKM Copper Project FS Update May 23 – Mining and Processing
BKM COPPER PROJECT FS UPDATE MAY 23 Robust Mine Plan and Conventional Process Flowsheet MINING AND ORE RESERVES PROCESSING AND ORE HANDLING Ç√ Contained Copper Total Soluble Solu Ore Reserve Tonnes Copper Copper Total ble Category Mt % % kt kt Total Proved Ore 19.0 0.7 0.5 137 102 Total Probable Ore
Slide 17: BKM Physicals and Production Profile
BKM COPPER PROJECT FS UPDATE MAY 23 Physicals and Production Profile PROJECT PHYSICALS PRODUCTION PROFILE Item Unit Value 20,000 Mine life (initial) Years 9.2 Copper Cathode Production (tonnes) 16,000 Mining 12,000 Mining method - Open pit Mined ore tonnes Mt 38.4 8,000 Mined waste tonnes Mt 52.5 St
Slide 18: BKM Capital Expenditure and Capital Intensity
BKM COPPER PROJECT FS UPDATE MAY 23 Capital Expenditure and Capital Intensity Capital Expenditure Capital Intensity $/t Cu 50,000 Item US$m 45,000 Mining Infrastructure 5.4 40,000 35,000 Crushing, Agglomeration and Stacking 19.0 30,000 25,000 Heap-Leach 31.7 20,000 15,000 SX-EW (incl Neutralisation)
Slide 19: BKM Financial Outcomes
BKM COPPER PROJECT FS UPDATE MAY 23 Financial Outcomes Financial and Economic Metrics Financial and Economic Metrics Item Unit Value Item Unit Value Key economic assumptions Capital costs LT Copper Price1 US$/lb 3.98 Pre-production capital US$m 208.7 Average copper cathode premium US$/t 100.00 Conti
Slide 20: Key Sensitivities – Copper Price
BKM COPPER PROJECT FS UPDATE MAY 23 Key Sensitivities – Copper Price Financial and Economic Metrics – Copper price sensitivity Avg YTD Goldman Sachs Item Unit Base Case Copper Price (1,3) Incentive Pricing (2,3) Copper price US$/lb 3.98 4.06 4.54 Revenue US$m 1,396.6 1,415.0 1,580.5 EBITDA US$m 655.
Slide 21: NPV8 US$162.8m - Robust High-Value High Margin
BKM COPPER PROJECT FS UPDATE MAY 23 NPV8 US$162.8m - Robust High-Value High Margin Project Sensitivities: US$M NPV8 (post tax, excl-closure) Company enabler with strong leverage 250 to copper price upside. Higher forecast copper prices to be 200 driven by decarbonization and energy transition initia
Slide 22: Improvement Opportunities
BKM COPPER PROJECT FS UPDATE MAY 23 IMPROVEMENT OPPORTUNITIES Several opportunities to further de-risk the project will be addressed prior to and during detailed engineering design phase. If outcomes are promising, then will form the basis for detailed engineering design. Relocation of the Heap Leac
Slide 23: Beutong Project – Resource Estimate
BEUTONG PROJECT Large Cu-Au-Mo deposit with higher grade core from surface Beutong 2019 Resource Estimate - Report at 0.3% Cu Lower Cut Classification Grade Metal Mineralisation Tonnes (Mt) (JORC 2012) Cu (%) Au (ppm) Ag (ppm) Mo (ppm) Cu (Kt) Au (kOz) Ag (kOz) Mo (Kt) Measured East Porphyry 34.0 0.
Slide 24: Beutong Project – Major Cu-Au Discovery
BEUTONG PROJECT Major Cu-Au Discovery High Quality Deposit with Fantastic Upside Copper Model Large, high quality porphyry Cu-Au-Mo deposit. Measured + Indicated Resources JORC 2012(100%) 1.2BIbs Cu, 0.4Moz Au, 5.7Moz Ag, 20Mlbs Mo * Inferred Resources JORC 2012 (100%) 500mts depth --------- 4.1BIbs
Slide 25: Beutong Project – Section BEU0700 East Porphyry
BEUTONG PROJECT SECTION BEU0700 BEUTONG EAST PORPHYRY Consistent high grade in upper part of the deposit down to RL500 No deeper drilling on this section. Also note grade in Beutong Skarn (light green) Strong target for extended drilling to depth given all indication grade is strong EoH. 25
Slide 26: Beutong Project – Section BEU0800 East Porphyry
BEUTONG PROJECT SECTION BEU0800 BEUTONG EAST PORPHYRY Continued significant High Grade mineralization close to surface Deep hole drilled to 924m, observe mineralization all the way through the hole and at the end. Hanging wall of the deposit appears to have some degree of mineralization. 26
Slide 27: Beutong Project – Infrastructure Advantage
BEUTONG PROJECT Infrastructure Advantage Road, Power and Deep-Sea Port Project is well located - within easy access to north-east of the township of Meulaboh, Aceh Access to project site is via partially sealed roads from the regional towns of Meulaboh and Takengon Meulaboh - population 65,000. Comm