Aeris Resources Limited · ASX:AIS
Aeris Resources — Q2 FY2022 Earnings Presentation
30 slides from Aeris Resources's earnings presentation, Jan 28, 2022
Slide 1: December Quarter Activities Report Presentation
December Quarter Activities Report Presentation 28 January 2022 Presented by Andre Labuschagne
Slide 2: Important notice and disclaimer
Aeris – Q2 FY2022 Activities Report Presentation Important notice and disclaimer This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (Aeris) with respect to the anticipated future undertakings. These forward- looking statements reflect
Slide 3: Highlights of Q2, FY2022
Aeris – Q2 FY2022 Activities Report Presentation Highlights of Q2, FY2022 Cracow Tritton Corporate 15,869oz @ AISC of $1,563/oz 4,880t Cu @ AISC of A$4.86/lb Closing cash and receivables increased by Quarterly mill throughput record – 169kt First development ore from Budgerygar $2.8m to $7
Slide 4: ESG
Aeris Resources ESG 4
Slide 5: ESG
Aeris – Q2 FY2022 Activities Report Presentation ESG Safety • 1 LTI recorded at Cracow: - Fitter injured right shoulder whilst removing wheel nuts Environment • 2 Environmental incidents at Cracow due to heavy rain - Sediment pond overflow - Golden Plateau reaching mandatory reporting levels Covid-1
Slide 6: Community engagement over festive season
Aeris – Q2 FY2022 Activities Report Presentation Community engagement over festive season Inaugural FY21 Sustainability Report released on 27 October. Demonstrates Aeris’ commitment to transparency, integrity, and sustainable performance. 6
Slide 7: Highlights
Aeris – Q2 FY2022 Activities Report Presentation Highlights TRITTON PRODUCTION SUMMARY UNIT MAR 2021 QTR JUN 2021 QTR SEP 2021 QTR DEC 2021 QTR Tritton: ORE MILLED TONNES 382,054 393,511 369,000 406,045 • Production improved on previous qtr but lower than planned due to lower MILLED GRADE Cu (%) 1.4
Slide 8: Tritton Copper Operations - focus on growth
Aeris Resources Tritton Copper Operations - focus on growth 8
Slide 9: Known deposits – conceptual development plans
Aeris – Q2 FY2022 Activities Report Presentation Known deposits – conceptual development plans Mine / Deposit FY 2022 2023 2024 2025 2026+ Tritton U/G Murrawombie U/G Drill Tritton - Budgerygar Avoca Tank Develop Murrawombie O/P Constellation Produce Kurrajong Budgery Tritton - South Wing 1) Develop
Slide 10: Tritton Copper Operations – Budgerygar Deposit
Aeris – Q2 FY2022 Activities Report Presentation Tritton Copper Operations – Long section view looking west showing the Indicated and Inferred Budgerygar Mineral Resource outline. Includes drill hole intersections which informed the updated Mineral Resource. Budgerygar Deposit • Updated Mineral Reso
Slide 11: Tritton Copper Operations - Avoca Tank Mine Development
Aeris – Q2 FY2022 Activities Report Presentation Tritton Copper Operations - Avoca Tank underground mine conceptual design. Avoca Tank Mine Development • Ore Reserve 700kt @ 2.5% Cu and 0.8g/t Au4 • Remains open at depth • Access decline commenced - good progress 567m completed • All major approvals
Slide 12: Tritton Copper Operations – Murrawombie Pit Cut-back
Aeris – Q2 FY2022 Activities Report Presentation Tritton Copper Operations – Murrawombie Pit Cut-back • Ore Reserve of 1,600kt @ 0.9% Cu5 • Optimisation of pit design underway • Tender for mining contractor expected in the March Qtr • Strategy being develop to run OP and UG simultaneously 12 5) See
Slide 13: Tritton Copper Operations – Constellation Deposit
Aeris – Q2 FY2022 Activities Report Presentation Tritton Copper Operations – Constellation Deposit Maiden Mineral Resource for the initial 200 metres6 - 3.3m tonnes at 1.4% copper, for 47,000t of contained copper metal, including: - Indicated Mineral Resource for high-grade Supergene mineralisatio
Slide 14: Tritton Copper Operations Constellation Deposit
Aeris – Q2 FY2022 Activities Report Presentation Tritton Copper Operations Constellation Deposit – Resource definition drilling continues to return high grade copper assays within the deeper primary (sulphide) copper domain: - TAKD0287 – 23.05m @ 2.29% Cu, 0.80g/t Au, 4.1g/t Ag (from 153.45m) - in
Slide 15: Cracow Gold Operations challenging geology is key to extending mine life
Aeris Resources Cracow Gold Operations challenging geology is key to extending mine life - Exciting recent developments 15
Slide 16: Known deposits – conceptual development plans
Aeris – Q2 FY2022 Activities Report Presentation Known deposits – conceptual development plans Mine / Deposit FY 2022 2023 2024 2025 2026+ Western Vein Field incl: - Baz Drill - Roses Pride - Coronation Develop - Royal - Sovereign Produce - Roses Pride Surface Golden Plateau 1) Development timeline
Slide 17: Cracow Gold Operations Tenement Package – Exploration plan coming together
Aeris – Q2 FY2022 Activities Report Presentation Cracow Gold Operations Tenement Package – Exploration plan coming together • Planning to spend $13m in FY22 • Southern Vein Field • Directly south of current underground workings • MT Survey identified 6 new priority targets • Eastern Vein Field • Foc
Slide 18: Cracow Gold Operations – Golden Plateau RC drilling
Aeris – Q2 FY2022 Activities Report Presentation Cracow Gold Operations – Golden Plateau RC drilling • Completed an initial RC drill program (23 holes) testing the extents of mineralisation below and along strike from previous intersections and historical underground development. • Significant assay
Slide 19: Cracow Gold Operations Exploring in new spaces
Aeris – Q2 FY2022 Activities Report Presentation Cracow Gold Operations Exploring in new spaces – looking for the next big discovery ● Southern Vein Field Identified as a potential analogue of the Western Vein Field (~2Moz)8 • 5km x 4km corridor immediately south of current mine infrastructure • Com
Slide 20: Corporate
Aeris Resources Corporate 20
Slide 21: Corporate
Aeris – Q2 FY2022 Activities Report Presentation Corporate Cash and Receivables (A$m ) SEP DEC Hedging MAR JUN SEP DEC 2021 2021 2022 2022 2022 2022 QTR QTR Unit QTR QTR QTR QTR Gold Hedging: Useable Cash 72.0 68.9 Gold Hedge Ozs 5,250 5,250 5,250 1,750 Tritton - Copper concentrate receivables 3.0 8
Slide 22: M&A remains a focus
Aeris – Q2 FY2022 Activities Report Presentation M&A remains a focus Aeris Resources M&A strategy Commodities Gold and Copper ● Pursue strategic M&A Location Australia opportunities that add value, Offshore – Risk reward complement existing portfolio and transform Aeris into a mid- Project sta
Slide 23: Summary
Aeris Resources Summary 23
Slide 24: Summary
Aeris – Q2 FY2022 Activities Report Presentation Summary FY22 to date FY22 forecast Challenges at both operations in 1st half Tritton guidance: 18.5kt – 19.5kt @ AISC between $4.60/lb – $4.85/lb - Grade has underperformed at both operations Continuing to invest in life extension projects and exp
Slide 25: Thank you
Aeris Resources Thank you 25
Slide 26: Appendix A: Mineral Resource and Ore Reserve statements
Aeris Resources Appendix A: Mineral Resource and Ore Reserve statements 26
Slide 27: Tritton – Mineral Resource - June 2021 Tritton Tenement Package
Aeris – Q2 FY2022 Activities Report Presentation Tritton – Mineral Resource - June 2021 Tritton Tenement Package June 2021 June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Budgerygar Measured 3
Slide 28: Tritton – Ore Reserve - 2021 Tritton Tenement Package
Aeris – Q2 FY2022 Activities Report Presentation Tritton – Ore Reserve - 2021 Tritton Tenement Package June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Proved 1,800 1.2 21 0.1 4 3.0 170 Probable 0 0.0 0 0.0 0 0.0 0 TOTAL 1,800 1.2 21 0.1 4 3.0 170 Murrawom
Slide 29: Cracow – Mineral Resource and Ore Reserve
Aeris – Q2 FY2022 Activities Report Presentation Cracow – Mineral Resource and Ore Reserve 2021 Mineral Resource Cracow Tenement Package 2021 Ore Reserve Cracow Tenement Package June 2021 June 2021 Tonnes (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Au (g/t) Au (koz) Cracow CRACOW Measured 2
Slide 30: Competent Persons statement
Aeris – Q2 FY2022 Activities Report Presentation Competent Persons statement Competent Person’s Statement – Mineral Resource Mr Cox confirms that he is the Competent Person for all the Mineral Resource estimates summarised in this Report and he has read and understood the requirements of the 2012 Ed