Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Investor Presentation (October 2021)
27 slides from Aurelia Metals's investor presentation, Oct 25, 2021
Slide 1: September 2021 Quarterly update and outlook
September 2021 Quarterly updater and outlook 25 October 2021 aurelia’Ss ASX: 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 be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those
Slide 3: Australian institutions, International institutions, Other
Australian institutions International institutions Other
Slide 4: Our strategy
ll _s uly Our strategy Simple, durable and returns focussed Sustainable progression An organisation that excels through our people and superior performance Atrusted, sustainable and beneficial presence in the areas in which we operate Sweat our infrastructure and assets Leverage off a strategic asse
Slide 5: September 2021 quarter highlights
September 2021 quarter highlights Performance to plan Zero recordable injuries for the quarter Continuing reduction in environmental and community incidents On track to deliver group gold and gold equivalent output guidance Cost performance tracking to plan Gold grade significantly improved at Dargu
Slide 6: Performance to plan
aurelia je METALS Ltd.
Slide 7: Jan-21 Feb-21 Mar-21
▪ ▪ ▪ ▪ 0 5 10 15 20 0 5 10 20 15 Sep-20 Sep-20 Oct-20 Oct-20 Nov-20 Nov-20 Dec-20 Dec-20 Jan-21 Jan-21 Feb-21 Feb-21 Mar-21 Mar-21 Apr-21 Apr-21 May-21 May-21 Jun-21 Jun-21 Jul-21 Jul-21 Aug-21 Aug-21 Sep-21 Sep-21
Slide 8: Forecast vs actual % of FY22e gold output
Forecast % of FY22e gold output Actual % of FY22e gold output 30% 20% 10% 0% SepQ 2021 DecQ 2021 MarQ 2022 JunQ 2022
Slide 9: Gold production by mine
Gold production by mine e koe Peak gold Hera gold mDargues gold 40 Operating snapshot : r x Performance to plan x L 2 = Group gold production of 27.4 koz at AISC of A$1,389/o0z 18 (JunQ: 22.9 koz at A$1,848/0z AISC) ‘a | L ‘i i = Key driver was substantial increase in Dargues contribution via eum00
Slide 10: Jun-21 Jul-21 Aug-21
▪ ▪ 50 ▪ 40 ▪ ▪ 30 ▪ 20 ▪ 10 - Jun-21 Jul-21 Aug-21 Sep-21 FY22e
Slide 11: Quarterly cash flow
Quarterly cash flow Strong cash balance maintained to self fund growth projects = Strong cash generated from operations = Dargues cash flow impacted by build of 100.0 fished goods Concentrate currently in 90.0 oe as — = co pply chain had a market value o 800 ins on oo mS —_ ~$6.8M 70.0 (8.5) (43) mm
Slide 12: Exploration continues to deliver upside
a = = Ce TT aa = Exploration continues to = Celiver upside
Slide 13: Great Cobar resource upgrade and extension potential
© Peak Mines Great Cobar resource upgrade and extension potential = Exceptional copper-gold mineralisation intercepted in follow-up drilling targeting down-plunge extensions to the Great Cobar deposit, including: - 13.0 metres at 5.4% Cu & 0.6 g/t Au (incl. 4.7 metres at 10.8% Cu & 1.2 g/t Au) - 37.
Slide 14: Significant high grade copper zone emerging at Kairos
© Peak Mines Significant high grade copper zone emerging at Kairos __ Peak Mine copper mineralisation = Very strong copper mineralisation intercepted in new underground drilling along strike of the Kairos lode including: - 43.0 metres at 2.4% Cu & 0.1 g/t Au (incl. 6.0 metres at 5.7% Cu & 0.2 g/t Au
Slide 15: More striking gold results complementing high grade base metals
© Hera-Federation Complex More striking gold results complementing high grade base metals = Mineral Resource upgrade and extensional drilling continued to intercept high grade mineralisation at the Federation deposit, with new results including: - 23.0 metres at 6.8% Pb+Zn & 9.7 g/t Au (incl. 5.0 me
Slide 16: High gold grades from infill and extensional drilling
© Dargues Mine High gold grades from infill and extensional drilling = Phase 1 Dargues drill campaign completed = Program significantly improved confidence in Mineral Resource and Ore Reserve in upper portion of deposit = Newdrill results show significant new intercepts including: - 16 metres at 7.3
Slide 17: Growth projects ahead of schedule
aurelia + Growth projects ahead of schedule
Slide 18: Kairos ramp-up and Great Cobar development
© Peak Mines Kairos ramp-up and Great Cobar development Kairos discovered Peak Mine acquired Pbizn plant upgrade First Kairos sloped ore Great Cobar (Gc) maiden Ore Reserve MROR update DQ GREAT COBAR SCHEDULE FIs Preparation and Approval Pro-Foastbilty Study (PFS) Exploration Docling Mine Developmen
Slide 19: Hera-Federation: organic growth at its best
8 Hera- Federatigae Organic growth atits best =m. cog Faderation Resource Federation discovered update @ North Pod Maiden development 2Hcy21 1HEY22 nand Approval onstruction arly Production FullProduction = Early surface works underway with Hera Camp expansion = — Imminent award of Federation surfac
Slide 20: Output expansion and life extension opportunities
© Dargues Mine Output expansion and life extension opportunities Dargues Mine acqulied © Phase 2 diiling Phase 1 diiling New MRORestimates ? MRORupdate Nameplate mine throughput ‘achioved DQ POTENTIAL EXPANSION SCHEDULE = 1HCY21. 2HCY21._ 1HCY22_-2HCY22. THCY29.— 2HCY23 Phase 1 deiling - infill and
Slide 21: Delivering long term value and returns growth
Delivering long term value and returns growth Targeting top quartilereturns on.equity Exploration continues to deliver upside Performance to plan Growth projects ahead of schedule 21
Slide 22: Contact
aurelia Je METALS Ltd. 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 23: Appendix
aurelia + Appendix
Slide 24: The portfolio
The portfolio Three cashflow producing assets concentrated in NSW with a focus on gold NEW SOUTH WALES Peak Mines 100% (Au-Cu-Zn-Pb-Ag) Cobar Nymagee Hera-Federation Complex 100% { © Sydney (Au-Zn-Pb-Cu-Ag) Cc) Dargues Mine 100% (Au) Canberra e actY aurelia
Slide 25: Mineral Resources (30 June 2021)
Dargues Mine (30 June 2021)? Mineral Resources Measured Indicated 1,200 48 180 Peak Mine (30 June 2021)" Inferred 570 51 94 ky g/t) i . Measured 3,400 24 Federation (30 June 2021)? Inferred 6,600 08 17 1.0 15 13 Indicated 1 500 > 2 8 ictal 1S. 9COR MES i 1.0 13 u Inferred 3,500 03 5.2 2.0 7 03 Hera
Slide 26: Ore Reserves
Ore Reserves Peak Mine (30 June 2021) Hera Mine (30 June 2021) Proved 1,300 240 1.0 17 2.0 10 Proved 180 Probable 1400 220 19 08 25 3.0 14 Probable 190 150 1.2 24 3.6 24 Total 2,700 230 2.3 0.9 21 25 12 Total 940 180 14 26 4.1 32 Dargues Mine (30 June 2021) Tonnes NSR Au a ee Proved Probable 540 210
Slide 27: Production Targets (LOM Schedules)
Production Targets (LOM Schedules) Peak Mine (30 June 2021) Hera Mine (30 June 2021) Tonnes | NSR Au Cu Pb zn Ag Tonnes NSR Au Pb zn Ag ee ee See Measured Measured portion 1,300 250 17 2.1 10 portion 180 Indicated portion 2,900 210 1.6 1.5 1.5 1.8 10 Indicated portion 210 160 1.3 2.3 3.6 24 Inferred
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