29metals Limited · ASX:29M
29metals — Macquarie Australia Conference 2022
27 slides from 29metals's conference presentation, May 5, 2022
Slide 1: Macquarie Australia Conference - Investor Presentation (ASX announcement)
ASX ANNOUNCEMENT Thursday, 5 May 2022 For personal use only MACQUARIE AUSTRALIA CONFERENCE - INVESTOR PRESENTATION 29Metals Limited (‘29Metals’ or, the ‘Company’) is presenting at the Macquarie Australia Conference 2022 in Sydney later today. Accompanying this release is copy of 29Metals’ conference
Slide 2: 29Metals Limited Macquarie Australia Conference May 2022
For personal use only 29Metals Limited Macquarie Australia Conference May 2022
Slide 3: Important information
Important information The information in this presentation has been derived from material publicly released by 29Metals and is provided for informational purposes only and may be changed or updated without notice. The information presented should not be used for any purpose other than gaining genera
Slide 4: Important information
Important information PRESENTATION CURRENCY AND ROUNDING 29Metals functional currency is Australian dollars (‘A$’). Unless otherwise stated, all financial information in this presentation is in A$. Financial information in this presentation is subject to rounding. For personal use only MINERAL RESOU
Slide 5: Overview
Overview Our vision is to be a leading ASX-listed copper producer, developer and explorer, offering investors exposure to attractive market dynamics for copper and other metals critical to the global energy transition For personal use only 29 Cu Copper 30 27 Zn Zinc Co1 Cobalt Highly experienced Boa
Slide 6: Sustainability & ESG
Sustainability & ESG 29Metals recognise that commitment to Sustainability & ESG are crucial to having a successful business that generates sustainable returns For personal use only Safe and Responsible Partnering inclusive environmental with workplace stewardship stakeholders 29Metals’ first Susta
Slide 7: Corporate Snapshot
Corporate Snapshot Board Members For personal use only Owen Hegarty OAM Peter Albert Fiona Robertson Jacqui McGill AO Martin Alciaturi Chair, Non-exec. Director Managing Director & Independent Non-exec. Independent Non-exec. Independent Non-exec. CEO Director Director Director Management Team Ed Coo
Slide 8: Mar-Qtr 2022 Highlights
Mar-Qtr 2022 Highlights Solid production result in challenging conditions For personal use only Health & safety Production Operations Operated safely 9.3kt Cu, 12.2kt Zn Operational de-risking TRIFR 1 of 13.3 Improved on the prior corresponding Golden Grove (GG) paste plant construction period (7.2k
Slide 9: Corporate and 2021 Snapshot
Corporate and 2021 Snapshot Key performance snapshot (2021A vs 2021 Prospectus 29Metals capitalisation forecast, pro forma) 6 For personal use only A$ 68kt 41kt YTD share price range 1 $/sh $2.51 – $3.25 Cu-eq production 4 Cu production 4 Shares on Issue (SOI) m 481 Result Result Market Cap 2 $m $1,
Slide 10: Portfolio
Portfolio Substantial copper producer, with all assets in Tier 1 jurisdictions Production from Golden Grove and Capricorn Copper, both with long mine lives, production growth opportunities and significant For personal use only resource extension potential, plus Redhill in Chile providing a strategic
Slide 11: Golden Grove
Golden Grove World-class VHMS geological system For personal use only Asset Overview Location Western Australia Mining method Underground, long hole open stope Commercial production Commenced in 1990 Mine life 10+ years Copper concentrate, zinc concentrate, high precious metals Product concentrate T
Slide 12: In-mine and Near-mine Growth
In-mine and Near-mine Growth Golden Grove long-section 1 For personal use only World-class VHMS with multiple ore sources and diversified production Advancing and developing known targets Significant untested exploration potential, both along strike and at depth Potential 3rd Mining Front Exis
Slide 13: Capricorn Copper
Capricorn Copper High-grade copper operation in a Tier 1 jurisdiction For personal use only Asset Overview Capricorn Copper Project Location Queensland, Australia Mining method Underground, sub-level caving and long hole open stoping Commercial production Large scale mining commenced in 1970 Mine li
Slide 14: In-mine and Near-mine Growth - Capricorn Copper
In-mine and Near-mine Growth Capricorn Copper Five known orebodies: For personal use only Multiple mining fronts and orebodies 1,858km2 of highly prospective, under- provide scheduling flexibility and blending optimisation ESS, Mammoth and Greenstone in production. Esperanza and Pluto in LOM pla
Slide 15: 2021 Metal Production and Sales Mix
2021 Metal Production and Sales Mix Copper dominant profile with meaningful by-product production For personal use only Sales mix (2021) 1, 2 Metal production (2021 and 2022 guidance) 1, 3 Golden Grove Copper (kt) Zinc (kt) Silver, 7% 55 – 65 39 – 46 41 48 Gold, 14% Lead, Copper, Group 43% 12kt 1% 9
Slide 16: Execute Our Plan
Execute Our Plan Opportunities Progress in 2021 Priorities in 2022 For personal use only Deliver operating plan Pro forma Cu-eq 1 production – 68kt Transition to higher grades at ESS sub-level cave Commenced production at XE at GG Complete Hougomont-Oizon-Xantho Extended decline (the ‘HOX Li
Slide 17: Deliver Organic Growth
Deliver Organic Growth Opportunities Progress in 2021 Priorities in 2022 For personal use only Commencement of paste-fill operations at GG Productivity and Completion and commissioning of triple sequential flotation at GG Increase stope intervals to 45m at XE operational improvements Ventila
Slide 18: Redhill
Redhill Commenced field activities to define 2023 vein extension drill plan For personal use only Field sampling using portable drills and high- resolution drone-based magnetic surveys Collected rock samples along strike of the Gorda, Christina, and Cutters veins, with assay results pending Dr
Slide 19: Low leverage creates foundation for growth
Net Drawn Debt 1, 2 Low leverage creates foundation for growth Refinance of debt facilities completed in 2021 – greater flexibility at a lower cost of funding For personal use only Low leverage with Net Drawn Debt 1, 2 to 2021 Pro forma EBITDA 1, 3 of 0.05x Strong cash position to support grow
Slide 20: Appendix
For personal use only Appendix
Slide 21: Guidance
Guidance FY2022 Group guidance Group guidance 1, 2 For personal use only Unit 2021A 3 Q1 2022A FY2022 guidance 4 Production Copper kt 41 9 39 – 46 Zinc kt 48 12 55 – 65 Overall, expecting year-on-year improvement in Gold koz 36 5 27 – 34 production output in 2022 Silver koz 1,766 339 1,370 – 1,640 L
Slide 22: Production Guidance
Production Guidance 1 Improvement in metal production in FY2022 at both operating mines For personal use only Golden Grove Capricorn Copper FY2022 FY2022 Guidance 1 Unit 2021A 2 Q1 2022A Guidance 1 Unit 2021A 2 Q1 2022A guidance guidance Production 3 Production 3 Ore mined kt 1,525 399 1,450 – 1,650
Slide 23: Financials Metrics Guidance
Financials Metrics Guidance 1 For personal use only FY2022 Unit 2021A 2 Commentary guidance Depreciation & Amortisation 3 $m $100 135 – 155 Reflects inclusion of a full year of Capricorn Copper results in FY2022 and acquisition accounting Mine development amortisation on units of production (‘UO
Slide 24: Definitions of Non-IFRS Financial Information Metrics
Definitions of Non-IFRS Financial Information Metrics METRIC DEFINITION AISC is all-in sustaining costs, and is calculated as C1 Costs plus royalties cost, corporate costs, sustaining capital and capitalised development costs, but excludes growth capital and exploration. AISC is cited per pound of p
Slide 25: Group Mineral Resources and Ore Reserves Estimates
Group Mineral Resources and Ore Reserves Estimates 1 Mineral Resources Mineral Resources estimates at the Group level are the aggregation of Mineral Resources estimates for Golden Grove, Capricorn Copper and Redhill. Mineral Resources have been depleted for production to 31 December 2021 and are rep
Slide 26: Group Mineral Resources and Ore Reserves Estimates
Group Mineral Resources and Ore Reserves Estimates 1 Ore Reserves Ore Reserves estimates at the Group level are the aggregation of Ore Reserves estimates for Golden Grove and Capricorn Copper. Ore Reserves have been depleted for production to 31 December 2021 and are reported as at that date For per
Slide 27: Unlocking value to empower the future
For personal use only Unlocking value to empower the future. 26