Slide 1: Proyecto Riotinto
PROYECTO RIOTINTO An established operating copper company in Europe January 2016 February 2016 AIM:ATYM / TSX:AYM
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has subscribe for or purchase any securities and neither this activities; conclusions of economic evaluations; changes in project been prepared by Atalaya Mining Plc (the “Company”). While the Presentation nor anything contained
Slide 3: Atalaya: A long term option on copper
Atalaya A long term option on copper Brownfields project in operation delivered ahead of schedule under budget without senior debt One of the lowest capital intensity Cu projects in the world Phase 1 at 5.0Mtpa in commercial production as of Feb 2016 Expanding to double production to 9
Slide 4: Unique Selling Points
Atalaya Unique Selling Points Phase 1 at 5.0Mtpa: Capital Intensity US$3,280/tpa Phase 1 + Expansion to 9.5Mtpa: Capital Intensity US$4,100/tpa (estimated) Four cornerstone investors Proven management team who have repeatedly demonstrated success Infrastructure and location Our steady-stat
Slide 5: Share price comparison
Share price comparison 160,0 140,0 120,0 100,0 80,0 60,0 40,0 20,0 -- Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Atalaya Mining Plc Central Asia Metals Plc Capstone Mining Corp Copper Mountain Mining Corp Taseko Mines Thompson Creek Imperial Metals Sou
Slide 6: Enterprise Value US$M
Enterprise Value US$M 1.000 958 900 800 737 700 600 #039;m 490 500 400 373 300 282 187 200 101* 100 -- Atalaya Mining Plc Central Asia Metals Plc Capstone Mining Copper Mountain Imperial Metals Taseko Mines Limited Thompson Creek Corporation Mining Corporation Corporation Metals Company Inc. Market Cap
Slide 7: EV/Reserves & Resources
EV/Reserves & Resources US$/tonne 300 263.1 244.8 250 232.8 200 150 112.4 100 80.4 61.4 45.9 50 -- Atalaya Mining plc Capstone Mining Central Asia Metals Plc Copper Mountain Imperial Metals Taseko Mines Limited Thompson Creek Metals Corporation Mining Corporation Corporation Company Inc. Source: Can
Slide 8: Proyecto Riotinto
Proyecto Riotinto RIOTINTO SEVILLA HUELVA AIM:ATYM / TSX:AYM 8
Slide 9: Plan View
Plan View AIM:ATYM / TSX:AYM 9
Slide 10: Ramp-up results
Ramp-up results Commercial production declared as from February 1, 2016 Ramp-up of expansion phase expected to take six months from July to December 2016 Anticipate operating at nameplate capacity (9.5Mtpa) from January 2017 AIM:ATYM / TSX:AYM 10
Slide 11: Ramp-up results
Ramp-up results Working towards improving historic plant performance Implementation of new technology will lead to better recoveries, improved grades and lower penalties Silver credits currently offset As and Sb penalties which are expected to decrease as the mine deepens AIM:ATYM / TSX:AYM 11
Slide 12: Operating costs guidance
Operating costs guidance Guidance during H1-2016 ramp-up US$1.90-$2.00/lb Currency (€/US$) devalued from NI 43-101* Actual consumption units and costs are largely as expected 60-70% of C1 costs incurred in Euros Actual costs to be reported in Q1 2016 financials * See slide 27 AIM:ATYM / TS
Slide 13: Expansion Project progress
Expansion Project progress Increasing processing rate from 5.0Mtpa to 9.5Mtpa Original two-stage expansion now combined into one project Engineering and procurement 100% completed Construction 71% completed, targeting start of commissioning mid-2016 installation of new mills and flotation ce
Slide 14: Capex reduction
Capex reduction Phase 1 Phase 1 + Expansion Capex (incurred) US$82 M Capex (estimated)* US$164 M Cu production 25,000 tpa Cu production 40,000 tpa Capital intensity US$3,280 /tpa Capital intensity US$4,100 /tpa NI 43-101 anticipated direct field capex for Phase 1 of US$ 199 million plus additional
Slide 15: Reserves and Resources
Reserves and Resources* Ore (Mt) Copper (%) Copper (kt) RESERVES Proven 39 0.38 148 Probable 84 0.54 458 TOTAL 123 0.49 606 RESOURCES Measured 48 0.38 180 Indicated 155 0.49 760 TOTAL 203 0.46 930 Inferred 2 0.50 10 *As reported in NI-43.101, Feb 2013 AIM:ATYM / TSX:AYM 15
Slide 16: Exploration
Exploration Infill drilling to increase open pit reserves and extend LOM complete 31,276 metres drilled since 2014 Focus now on completion of assays and updating block model Improved understanding of orebody = better modelling and mine planning to manage impurity levels Certification of up
Slide 17: Exploration
Exploration Limited exploration to date on lateral extensions to Cerro Colorado as main focus has been on confirmation of open pit potential 11,949 metres drilled (DDH) in 2015 Exploration programme will be increased once steady state production achieved AIM:ATYM / TSX:AYM 17
Slide 18: Corporate snapshot
Corporate snapshot Overview¹ Research Coverage² Company Analyst Rec. Target price Exchanges AIM:ATYM / TSX:AYM Speculative Share price (GB pence) 86.5 Nick Hatch 155p Buy Share price (CAD) 1.62 Martin Potts Buy 195p Shares Outstanding 116,679,555 Options & warrants 1,404,715 Nikolas Buy 192p Fully d
Slide 19: Looking ahead
Looking ahead Continue to focus on the optimisation of operating results Complete the Expansion Project and achieve 9.5Mtpa steady state production Reserves and Resources update Actively looking for acquisition opportunities where the company can leverage its knowledge, contacts and experien
Slide 20: Investment case
Investment case Production commenced well ahead of schedule and under budget Expansion to double initial NO SENIOR production DEBT well advanced A NEW COPPER COMPANY THAT DELIVERS Expansion will be Supportive realised one strategic year ahead of shareholders schedule Well positioned to survive low c
Slide 21: Our vision
Our vision We maintain a positive view on base and precious metals Short term – to maximize the efficiencies of our expanded project Longer term – to actively build on our initial success at Riotinto through exploration and acquisition to focus on maximizing returns for shareholders AIM:ATYM / T
Slide 22: Appendix
APPENDIX AIM:ATYM / TSX:AYM 22
Slide 23: Contact
Contact Alberto Lavandeira CEO Telephone: +34 959 59 28 50 Email: info@atalayamining.com Investor Relations North America Investor Relations UK and Europe Michelle Roth Carina Corbett Roth Investor Relations 4C Communications Ltd Telephone: +1 732 792 2200 Telephone: +44 20 3170 7973 Email: michelle
Slide 24: Senior management
Senior management Strong Technical & Financial Expertise Team with proven and lengthy experience in the start-up and operation of mines Alberto Lavandeira in Spain and internationally, supported by local and international consultants Chief Executive Officer Ángel López: Plant. 18 years´ experience i
Slide 25: Board and management
Board and management Strong Technical & Financial Expertise Over 40 years’ experience in the mining industry. Former Senior Mining Engineer at NM Roger Davey Rothschild & Sons; former Director, VP and GM, AngloGold (Argentina). Currently a Chairman director of Orosur Mining Inc., Central Asian Minin
Slide 26: Board and management
Board and management Strong Technical & Financial Expertise Senior Managing Director of Liberty Metals & Mining Holdings, LLC. Formerly held Damon Barber positions with mining companies and served as the Head of Deutsche Bank's Metals Mining investment banking practice in Asia-Pacific. Spent more th
Slide 27: Cost Breakdown
Cost Breakdown As per NI-43,101, February 2013 Current thinking: Cost to be realised across LOM Agency fees should be included in selling costs (US$66 million) Current market TC/RCs higher than originally forecast Non-cash costs Should be included in LOM mining costs Includes LOM provisi
Slide 28: Mining Industry in Spain
Mining Industry in Spain An established Mining-friendly jurisdiction 1 2 6 Proyecto Riotinto Aguas Teñidas Significant Mining Copper Copper, zinc Infrastructure 11 3 4 Substation located Power 5 10 1km from mine site 7 Supplied from Las Cruces 9 SPAIN Aguablanca Copper Nickel, copper Campofrio reser
Slide 29: AIM:ATYM / TSX:AYM
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