Aurelia Metals Limited · ASX:AMI
Aurelia Metals — 2023 Noosa Mining Conference
23 slides from Aurelia Metals's conference presentation, Jul 21, 2023
Slide 1: Accelerating growth in the Cobar Basin
rsonal use only AURELIA METALS Accelerating growth in the Cobar Basin Managing Director and Chief Executive Officer Bryan Quinn ASX Code: AMI
Slide 2: Unlocking Value
2 UNLOCKING VALUE CONFERENCE 2023 NOOSA MINING Developer and operator of choice for critical base metals supporting a low carbon future and providing shareholders with superior value rsonal use only ✓ Tier 1 jurisdiction with high value infrastructure and minimal capital required ✓ Metals in demand
Slide 3: Resource Potential
3 RESOURCE POTENTIAL CONFERENCE 2023 NOOSA MINING Recent results highlight the value of the tenement package rsonal use only Queen Bee • 10km from Peak Mine infrastructure • Results include: ‒ 2.9m @ 4.2% Cu, 28g/t Ag and 0.1g/t Au ▪ Including 1.0m @ 5.5% Cu, AURELIA METALS: ACCELERATING GROWTH IN T
Slide 4: Driving Sustainable Value
4 DRIVING SUSTAINABLE VALUE CONFERENCE 2023 NOOSA MINING SHAREHOLDERS ✓ Share Price – Grow relative to peers rsonal use only ✓ Reserve Growth – Conversion of substantial Resources year-on-year ✓ AISC – Right size the cost base to be competitive in all price cycles COMMUNITY ✓ Improving resolution of
Slide 5: Federation: From discovery hole to development in four years
FEDERATION FROM DISCOVERY HOLE TO DEVELOPMENT IN FOUR YEARS rsonal use only ASX Code: AMI
Slide 6: Discovery hole April 2019
6 Discovery hole APRIL 2019 rsonal use only 1. See Appendix 2
Slide 7: 2019 (Post Discovery)
7 FRC008: Discovery hole APRIL • 4m @ 23.4% Pb+Zn, 2019 0.28g/t Au, 0.3% Cu, 15g/t Ag from 131m1 rsonal use only FRC012: FRC006: • 14m @ 10.1% Pb+Zn, 0.16g/t Au, 0.1% Cu, 3g/t Ag from 252m1 • 6m @ 7.4% Pb+Zn, 0.12g/t Au, 3g/t Ag from 228m1 • 6m @ 21.1% Pb+Zn, 0.33g/t Au, 0.3% Cu, 7g/t Ag from 253m1
Slide 8: Federation drilling 2019-2020
8 FDD099: FDD078: Discovery hole • 14.1m @ 35.0% Pb+Zn, 4.8g/t Au1 APRIL 2019 • 22m @ 37.6% Pb+Zn, 0.2g/t Au1 rsonal use only • 7.4m @ 46.5% Pb+Zn, 8.9g/t Au1 • 10m @ 16.9% Pb+Zn, 0.1g/t Au1 FDD107W1: • 12m @ 36.7% Pb+Zn, 33.4g/t Au1 • 4m @ 65.2% Pb+Zn, 107.2g/t Au1 1. See Appendix 2 2019 (POST DISC
Slide 9: Federation drilling 2021
FDD150W2: 9 • 23m @ 6.8% Pb+Zn, 9.7g/t Au, 5g/t Ag, 0.4% Cu from 437m1 • 5m @ 15.0% Pb+Zn, 41.7g/t Au, 11g/t Ag, 1.5% Cu from 438m1 Discovery hole APRIL 2019 rsonal use only FDD144: • 8m @ 17.4% Pb+Zn, 0.2g/t Au, 16g/t Ag and 0.1% Cu from 386m1 • 3.0m @ 41.8% Pb+Zn, 0.4g/t Au, 37g/t Ag, 0.2% Cu from
Slide 10: Federation drilling 2022
10 FDD099: FDD078: FDD188: FRC008: FDD184W5: Discovery hole • 14.1m @ 35.0% Pb+Zn, 4.8g/t Au 22m @ 37.6% Pb+Zn, • 20m • 4m @ 23.4% @APRIL 26.8 Pb+Zn, 2019 • Au, Pb+Zn, 0.28g/t 12.5g/t 0.3% Au, 0.8% Cu, 15g/t Ag1 0.2g/t Cu Au from 131m rsonal use only • 19.5m @ 47.6% Pb+Zn, 7.5g/t Au, 0.5% Cu1 • 7.4m
Slide 11: Federation Project Timeline
11 FEDERATION PROJECT TIMELINE CONFERENCE 2023 NOOSA MINING Decline development to resume early FY24 rsonal use only Activities in progress now • Mine development contractor remobilising AURELIA METALS: ACCELERATING GROWTH IN THE COBAR BASIN • Execution planning for Peak Mine process plant additions
Slide 12: Great Cobar: One of the highest grade Cu developments in Australia
GREAT COBAR ONE OF THE HIGHEST GRADE CU DEVELOPMENTS IN AUSTRALIA rsonal use only
Slide 13: Great Cobar drill intercepts 2020-2021
15A: 27A: • 11.2m @ 2.7% Cu, 0.3g/t Au1 • 3m @ 1.4% Cu, 0.7g/t Au1 rsonal use only 2020 - 2021 30B: • 37m @ 2.6% Cu, 0.2g/t Au1 30A: • 12m @ 4.2% Cu, 0.3g/t Au1 • 52m @ 1.4% Cu, 0.6g/t Au1 • 5.7m @ 2.5% Cu, 1g/t Au1 • 4.7m @ 10.8% Cu, 1.2g/t Au1 1. See Appendix 2
Slide 14: Copper Development Peer Comparison
14 COPPER DEVELOPMENT PEER COMPARISON One of the highest-grade undeveloped copper Resources in Australia 1 CONFERENCE 2023 NOOSA MINING rsonal use only AURELIA METALS: ACCELERATING GROWTH IN THE COBAR BASIN 21 JULY 2023 1. See Appendix 1
Slide 15: Established Production Base
15 ESTABLISHED PRODUCTION BASE CONFERENCE 2023 NOOSA MINING Peak South Mine Peak North Mine Dargues rsonal use only Mine type Underground: Cu, Zn, Pb, Au, Ag Underground: Au AURELIA METALS: ACCELERATING GROWTH IN THE COBAR BASIN Mine life ~8 years ~1.5 years Au – 36,279 oz | Cu – 2.2 kt | Zn – 13.3
Slide 16: Significant Infrastructure Resources
16 SIGNIFICANT INFRASTRUCTURE RESOURCES CONFERENCE 2023 NOOSA MINING 1.25 – 1.4Mt of processing capacity in the Cobar Basin rsonal use only AURELIA METALS: ACCELERATING GROWTH IN THE COBAR BASIN Peak Mine Processing Facility Hera Processing Facility 21 JULY 2023
Slide 17: Exploration Upside
17 EXPLORATION UPSIDE CONFERENCE 2023 NOOSA MINING Development projects remain open and subject to additional upside rsonal use only AURELIA METALS: ACCELERATING GROWTH IN THE COBAR BASIN 21 JULY 2023 Federation Long Section Great Cobar Long Section Orebody remains open in multiple directions Orebod
Slide 18: Implied Value versus Market Cap
18 IMPLIED VALUE VERSUS MARKET CAP CONFERENCE 2023 NOOSA MINING Non-cash assets valued at just A$58M rsonal use only A$58M delta includes: AURELIA METALS: ACCELERATING GROWTH IN THE COBAR BASIN ✓ Operating assets: Peak and Dargues ✓ Associated infrastructure, including three processing plants ✓ 2 x
Slide 19: Any Questions?
19 ANY QUESTIONS? CONFERENCE 2023 NOOSA MINING Please come and introduce yourself rsonal use only AURELIA METALS: ACCELERATING GROWTH IN THE COBAR BASIN Bryan Quinn Martin Cummings Andrew Graham Kellie Schneider Managing Director and Chief Financial General Manager Corporate Affairs Chief Executive
Slide 20: Aurelia Snapshot
20 AURELIA SNAPSHOT CONFERENCE 2023 NOOSA MINING rsonal use only ASX: AMI Share price (19 July 2023) A$0.09 Shares on issue 1,685M Shareholder register composition Market capitalisation A$158M Net cash (30 June 2023) A$30.7M AURELIA METALS: ACCELERATING GROWTH IN THE COBAR BASIN 22% Australian insti
Slide 21: Contact
rsonal use only 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
Slide 22: Appendix 1: Copper Developer Peer Comparison
AURELIA METALS: ACCELERATING GROWTH IN THE COBAR BASIN 2023 NOOSA MINING 22 CONFERENCE rsonal use only 21 JULY 2023 APPENDIX 1: COPPER DEVELOPER PEER COMPARISON
Slide 23: Appendix 2: Intercepts on Preceding Slides
23 APPENDIX 2: INTERCEPTS ON PRECEDING SLIDES CONFERENCE 2023 NOOSA MINING rsonal use only FEDERATION In relation to slide 7 (FRC006, FRC008, FRC012) see ASX Announcement released on 6 May 2019 ‘Discovery at Federation prospect south of Hera’. In relation to slide 8 (FDD078) see ASX Announcement rel