AIC Mines Limited · ASX:A1M
AIC Mines — Investor Presentation (May 2024)
18 slides from AIC Mines's investor presentation, May 9, 2024
Slide 1: Investor Presentation May 2024
For personal use only Investor Presentation May 2024
Slide 2: Important information
Important information This presentation has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) to provide summary information about AIC Mines and its activities at the date of this presentation. The information contained in this presentation does not purport to be co
Slide 3: AIC Mines
AIC Mines An experienced Board and Executive team A growth-oriented Australian copper building a new Australian mid-tier copper and mining company gold miner through exploration, development and acquisition For personal use only A1M May 2024 Share Price1 $0.485 Shares on Issue 462.5M Board of Direct
Slide 4: Eloise Copper Mine: Our foundational asset
Eloise Copper Mine Our foundational asset Eloise – acquired in November 2021. Over this period: For personal use only Eloise Resource Growth − Added 89,250t Cu to Mineral Resources1 – a 136% increase − Added 27,800t Cu to Ore Reserves1 – a 92% increase Exploration Success − Discovered Lens 6 – 3
Slide 5: Eloise Copper Mine
Eloise Copper Mine September 2023 December 2023 March 2024 Eloise Production and Cost Metrics Units Quarter Quarter Quarter Underground development - capital m 655 437 345 Outlook Underground development - operating m 263 362 496 Total development m 918 799 840 Ore mined kt 165 180 171 Copper grade
Slide 6: Jericho Copper Deposit: Transforming Eloise into a cornerstone asset
Jericho Copper Deposit Transforming Eloise into a cornerstone asset Jericho – acquired in January 2023 For personal use only Development of Jericho transforms Eloise: − Expected economies of scale to reduce processing costs − Lower mining costs at Jericho due to shallower ore − Additional ore sour
Slide 7: Jericho Copper Deposit: Pathway to 20,000tpa Cu production
Jericho Copper Deposit Pathway to 20,000tpa Cu production Mining at Jericho is planned to ramp-up over approximately For personal use only 36 months to deliver a sustainable ore production rate of 600,000tpa ‘Base-case’ access is via boxcut and portal at Jericho with overland trucking of ore to
Slide 8: Jericho Copper Deposit: Potential to increase production
Jericho Copper Deposit Potential to increase production Jericho remains open along strike and at depth – CY25 drilling to test north, south and at depth For personal use only Swagman – 200m spaced step-out drilling commenced April 2024 Jericho South – drilling to test the projected J1 and J2 L
Slide 9: Regional exploration
Regional exploration Potential to extend project life 2,000km2 tenement holding providing a strong pipeline of For personal use only targets to maintain our resource growth momentum N North – Iris-Electra-Big Foot trend defines 4km of prospective strike South – geophysical targets along strike
Slide 10: Growth strategy
Growth strategy Building a portfolio of mines through exploration, development and acquisition For personal use only Targeting late-stage Australian copper and gold projects where we can add value through exploration and development Focused on improving our exploration and development pipeline Looki
Slide 11: Investment Proposition
Investment Proposition For personal use only Highly credentialed and heavily invested team Expansion underway to transform the Eloise copper mine into a cornerstone asset: • Annual production of +20,000t copper and +7,500oz gold in concentrate • Mine life of +10 years • Highly prospective 2,000km2 t
Slide 12: Appendix: Mineral Resources and Ore Reserves
For personal use only Appendix Mineral Resources and Ore Reserves 12
Slide 13: Eloise Project Mineral Resources
Eloise Project Mineral Resources For full details of Eloise Mineral Resources see AIC Mines ASX announcement “Increased Resources and Reserves at Eloise, Sandy Creek and Artemis” dated 18 April 2024 For full details of Jericho Mineral Resources see AIC Mines ASX announcement “Significant Increase in
Slide 14: Eloise Project Ore Reserves
Eloise Project Ore Reserves For full details of Eloise Ore Reserves see AIC Mines ASX announcement “Increased Resources and Reserves at Eloise, Sandy Creek and Artemis” dated 18 April 2024 For full details of Jericho Ore Reserves see AIC Mines ASX announcement “Significant Increase in Jericho Ore Re
Slide 15: Eloise Copper Mine: Near-mine exploration
Eloise Copper Mine Near-mine exploration Electrical installation of an in-mine EM loop was For personal use only completed in March 2024 – to conduct electromagnetic geophysics at depth (well beyond the ~300m reach of surface EM). The EM loop is a rapid, cost-effective way of testing large undri
Slide 16: Jericho Copper Deposit: Eloise to Jericho Link Drive
Jericho Copper Deposit Eloise to Jericho Link Drive Jericho access ‘base-case’ scenario comprises of a boxcut and portal at Jericho with overland trucking of ore to Eloise For personal use only Following review of the Swagman discovery and with more reliable mining and ventilation shaft sinking
Slide 17: Commitment to Sustainability
AIC Mines Commitment to Sustainability For personal use only ESG is business as usual for AIC Mines. It drives Sustainability Strategy released June 2023 – a publicly and informs decision making around risk, strategy and accessible document outlining our approach to sustainability disclosures. We ar
Slide 18: For personal use only
For personal use only 18