Energy Resources Of Australia Ltd. Class A · ASX:ERA
Energy Resources Of Australia Ltd. Class A — H1 2013 Earnings Presentation
14 slides from Energy Resources Of Australia Ltd. Class A's earnings presentation, Aug 1, 2013
Slide 1: 2013 Half Year Results: Presentation to the Financial Community
For personal use only Presentation to the Financial Community 2013 Half Year Results Rob Atkinson | Chief Executive Steeve Thibeault | Chief Financial Officer 1 August 2013 www.energyres.com.au
Slide 2: Acknowledge Traditional Owners
Acknowledge Traditional Owners For personal use only • The mining operations of Energy Resources of Australia Ltd (ERA) are located on Aboriginal land and are surrounded by, but separate from, Kakadu National Park • ERA respectfully acknowledges the Mirarr, Traditional Owners of the land on which th
Slide 3: Forward-looking statement
Forward-looking statement For personal use only • This presentation has been prepared by Energy Resources of Australia Ltd (“ERA”) and consists of the slides for a presentation concerning ERA. By reviewing/attending this presentation you agree to be bound by the following conditions. Forward-looking
Slide 4: Agenda
Agenda For personal use only • 2013 Half Year Overview • Safety and people • Operational performance • Financial performance • Key variances 2013 Half Year versus 2012 Half Year • Brine Concentrator • Exploration - Ranger 3 Deeps and Ranger Project Area • Progressive rehabilitation • Summary 4 www.e
Slide 5: Overview
2013 Half Year overview For personal use only • Safety performance improved 60 per cent compared to the same period in 2012 – An All Injury Frequency Rate (AIFR) of 0.26 • Strong plant operational performance – Majority of high grade ore mined in 2012 processed during the first half of 2013 – Low gr
Slide 6: Overview (contd)
2013 Half Year overview (contd) For personal use only • Progressive rehabilitation is progressing well – Finalisation of the Integrated Tailings Water and Closure Prefeasibility Study with no adjustments to the previously announced rehabilitation provision of $640 million – Pit 3 initial backfill 46
Slide 7: Safety and people
Safety and people – 2013 Half Year For personal use only 5 12 month rolling Frequency rate (per 200,000 hrs worked) Safety 4.5 4 – All Injury Frequency Rate (AIFR) of 0.26 (June 3.5 2013) 3 AIFR LTIFR – One lost time injury: 2.5 2 • employee injured finger and he has made a full 1.5 recovery and ret
Slide 8: Operational performance
Operational performance – 2013 Half Year For personal use only Strong operational performance maintained Mill operation H1 2013 – During the first half of 2013, the plant performance has been strong – Most of the high grade ore mined at the end of 2012 was processed Mill operation Tonnes produced (U
Slide 9: Financial performance
Financial performance – 2013 Half Year For personal use only H1-2013 Earnings – Non-cash costs of $142 million, mostly related to depreciation, compared to $104 Earnings - $ million million in the corresponding period of 2012 • Net profit/(loss) after tax (53.5) – Evaluation and exploration expendit
Slide 10: Key variances vs. 2012 Half Year
Key variances 2013 Half Year vs. 2012 Half Year For personal use only 0 FX Price Depreciation Net Earnings Change in Inv Consumables Net Earnings Other Purchased mat Sales Vol Emp & Contractors 2012 2013 -10 -20 AUD $m -30 -40 -60 -50 -54 -60 -70 -80 -90 • ERA did not purchase any material during th
Slide 11: Brine Concentrator
Brine Concentrator For personal use only • The Brine Concentrator is critical to water management and the rehabilitation programme • Commissioning is underway and is expected to be completed in Q3 2013 • Project is on schedule and costs are on budget (total budget of $220 million) • Designed and man
Slide 12: Exploration - Ranger Deeps and Ranger lease
Exploration - Ranger 3 Deeps and Ranger lease For personal use only Ranger 3 Deeps Exploration Decline – Project on schedule and budget – Constructed by Macmahon – As at 30 July, 2013, the face position of the decline is 1,215 metres from the surface – Boart Longyear have commenced exploration drill
Slide 13: Progressive rehabilitation
Progressive rehabilitation For personal use only • Ranger progressive rehabilitation commenced in • Integrated Tailings Water and Closure late 2012 and is making good progress Prefeasibility Study • Pit 3 initial backfill – Study completed – Material moved since December 2012 to date is 15 – No chan
Slide 14: Summary
Summary For personal use only • Continued strong safety and environmental performance • 2013 production of uranium oxide is expected to be between 2,700 and 3,300 tonnes • Key development initiatives, namely Ranger 3 Deeps Exploration Decline and Ranger 3 Deeps Mine Prefeasibility Study, progressing
Energy Resources of Australia — H1 2013 Earnings Presentation on 6ix