Astral Resources Nl · ASX:AAR
Astral Resources Nl — Resources Rising Stars Summer Series 2024
14 slides from Astral Resources Nl's conference presentation, Feb 1, 2024
Slide 1: Resources Rising Stars Summer Series Presentation
ASX Announcement 1 February 2024 RESOURCES RISING STARS SUMMER SERIES PRESENTATION Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to provide an updated Corporate Presentation which will be delivered by Astral’s Managing Director, Marc Ducler, to the Resources Rising Stars Investor
Slide 2: Kalgoorlie's new gold development story
ASX:AAR astralresources.com.au For personal use only Kalgoorlie’s new gold development story The Mandilla and Feysville gold projects
Slide 3: Moving to Development in a Tier-1 Location
Moving to Development in a Tier-1 Location Mandilla Scoping Study delivered a For personal use only large scale, long-life mine development with robust financials from conservative cost and revenue assumptions 100kozpa of gold production1 NPV8 of $442M Free cashflow of $740M Payback of ~9
Slide 4: Corporate Overview
Corporate Overview Shares On Issue Market Capitalisation For personal use only Share Price 793.1M $53.1M 0.100 300000 (at $0.067 per share) 0.090 250000 Options / Rights Cash on Hand 0.080 52.6M/15.2M $1.8M 0.070 200000 (Ave exercise price 14c) (31 Dec 2023) 0.060 0.050 150000 0.040 Significant Shar
Slide 5: Corporate & Technical Capability
Corporate & Technical Capability Board of Directors For personal use only Mark Connelly Justin Osborne Peter Stern David Varcoe Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Mark is a Corporate Executive Mr Osborne has over 30 years Is a graduate of Mona
Slide 6: Flagship Mandilla Gold Project
Flagship Mandilla Gold Project • Strategic land package in a premier gold mining jurisdiction, For personal use only 70km south of Kalgoorlie • Total MRE has grown to 37Mt at 1.1g/t Au for 1.27Moz of contained gold 22km to the +20Moz • Robust Scoping Study Outcome – producing 100koz pa for the St Iv
Slide 7: July 2023 MRE – Provided the critical mass for Scoping
July 2023 MRE – Provided the critical mass for Scoping 1,600,000oz Group MRE, 1,381,000 1,400,000oz For personal use only Group MRE, 1,150,000 • July 2023 MRE added 1,200,000oz 231,000oz at a discovery cost 1,000,000oz of $18 per oz, including a 69% Group MRE, 781,000 800,000oz increase in Indicated
Slide 8: Mandilla Scoping Study summary
Mandilla Scoping Study summary For personal use only • Simple open pit mining • 3-stage crushing, single-stage ball mill, CIL processing • 2.5mpta mill throughput • 1.3g/t head grade for first 7.4yrs, 1.04g/t over LOM • 95.7% gold recovery • 5.7:1 strip ratio at Theia, 6.1:1 strip ratio overall • 8-
Slide 9: Mandilla Scoping Study financials
Mandilla Scoping Study financials Key Financial Assumptions Gold Price Assumed A$/oz 2,750 Discount Rate % 8.00 For personal use only Key Project Metrics Payable Metal Koz 845 800 800 Gold Revenue A$M 2,325 700 700 Project EBITDA A$M 954 Depreciation and Amortisation A$M 234 600 600 Net Profit Befor
Slide 10: Theia Deposit – 1Moz in a Single Open Pit
Theia Deposit – 1Moz in a Single Open Pit • Theia’s scale is only surpassed by: For personal use only • Super Pit (NST) • Red Hill (NST) in the Kalgoorlie region • Current Resources limited by depth of drilling – still open at depth • Recent RC results include: • 4m at 19.6g/t Au • 32m at 1.7g/t Au
Slide 11: Feysville Gold Project
Feysville Gold Project 14km to the 92Moz NST Super Pit • 14km south of Kalgoorlie For personal use only THINK BIG – MRE of 3Mt at 1.3g/t • MRE of 3Mt at 1.3g/t Au for 116,000oz of contained gold8 Au for 116koz • Three drill campaigns completed in 2023 (2 x diamond and 1 x RC) at Feysville • Hyperno
Slide 12: Kamperman's high-grade potential
Kamperman’s high-grade potential • 13 holes drilled at Kamperman in 2023 For personal use only – significant results returned in seven of those holes • Best results include: • 4m at 94.84g/t • 13m at 9.06g/t • 21m at 4.16g/t • 35m at 2.19g/t • 10m at 4.57g/t • 5m at 5.89g/t • Recent 495m diamond pro
Slide 13: Why invest in Astral?
Why invest in Astral? Gold price sensitivity Scoping Study based on a robust Mineral Resource Estimate Base Case For personal use only Gold Price AUD/oz 2500 2625 2750 2875 3000 Comprehensive scoping study – arguably NPV Pre-Fi na nce, Pre-ta x AUD m 305 374 442 511 579 Preta x IRR % 54% 64% 73%
Slide 14: Core Value Proposition
Core Value Proposition… Greenfields, not For personal use only brownfields! Tier-1 location Robust positive Scoping Study 1.38Moz Resource base 1Moz in a single pit Significant growth potential Experienced team with track record of value creation 8m at 8.76g/t Au from 386m including 0.
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