Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Diggers and Dealers Mining Forum 2021
30 slides from Aurelia Metals's conference presentation, Aug 2, 2021
Slide 1: Diggers and Dealers Conference 2021: Delivering on strategy
Diggers and Dealers For personal use only Conference 2021 Delivering on strategy 2 August 2021
Slide 2: Forward looking statements
Forward looking statements For personal use only This presentation has been prepared by Aurelia Metals Limited (“AMI” or the “Company”). It which may affect the future operating and financial performance of AMI and the value of an should not be considered as an offer or invitation to subscribe for o
Slide 3: Aurelia snapshot
Aurelia snapshot ASX: AMI Share price (30 July 2021) A$0.37 For personal use only Our vision is to be a mining business recognised for creating Shares on issue 1,234 M exceptional value through our people and a portfolio of gold and base metals assets. Market capitalisation A$457 M Net cash (30 June
Slide 4: Aurelia's track record
Group gold production (koz) and All-In-Sustaining-Cost (A$/oz, net of by-product credits) For personal use only Hera (koz) Peak (koz) Dargues (koz) Group AISC (A$/oz) [RH axis] 140 3,000 Realised gold price (A$/oz) [RH axis] 120 2,500 Aurelia’s 100 2,000 80 track record 60 1,500 1,000 40 20 500 0 0
Slide 5: FY21 at a glance
FY21 at a glance A significant step forward in delivery of strategy For personal use only Major reduction in workplace injuries - 58% lower TRIFR Substantial improvement in environmental performance – 82% reduction in reportable environmental incident frequency rate (TREIFR) Initiatives taken
Slide 6: Our assets
For personal use only Our assets 6
Slide 7: The portfolio
The portfolio Three cashflow producing assets concentrated in NSW with a focus on gold For personal use only NEW SOUTH A Peak Mines (100%) WALES Cobar Nymagee B Hera-Federation Complex Sydney (100%) C Dargues Mine (100%) Canberra ACT 7
Slide 8: A Peak Mines: The past
A Peak Mines The past For personal use only Located in northern Cobar Basin +25 years production history Consistent track record of reserve replacement Acquired in April 2018; achieved payback in 4 months Two underground operations – North and South Mines Pb-Zn plant upgrade completed in
Slide 9: A Peak Mines: The present
A Peak Mines The present For personal use only PEAK FY21 actual FY22e outlook South Mine Gold (koz) Lead (kt) Zinc (kt) 57 15.8 10.8 53 – 58 13.0 – 14.5 13.0 – 14.5 Peak 5.6 Mt Production Schedule Copper (kt) 4.7 3.5 – 4.0 Chronos AISC (A$/oz) 867 1,350 – 1,550 Total Peak Production Schedule incre
Slide 10: A Peak Mines: The future
A Peak Mines The future Great Cobar deposit For personal use only Great Cobar PFS on track for completion in December 2021 quarter; maiden Ore Reserve expected Great Cobar development consent well progressed High drilling prospectivity remains in: – Kairos extensions – Chronos / Kairos ‘repeat
Slide 11: B Hera-Federation Complex: The past
B Hera-Federation Complex The past For personal use only Located in southern Cobar Basin Hera mine developed with first gold delivered in September 2014 Underground operation and 480 ktpa processing facility Federation deposit (10km south of Hera) discovered in April 2019 One of the great
Slide 12: B Hera-Federation Complex: The present
B Hera-Federation Complex The present For personal use only HERA FY21 actual FY22e outlook Gold (koz) Lead (kt) Zinc (kt) 31 10.1 14.3 14 – 15 11.5 – 12.5 18.0 – 20.0 1.0 Mt Production Schedule Copper (kt) - - AISC (A$/oz) 1,206 1,200 – 1,400 Federation set to deliver a substantial life extension
Slide 13: B Hera-Federation Complex: The future
B Hera-Federation Complex The future For personal use only Federation deposit remains open in multiple directions Intensive ongoing extensional and infill drilling at Federation to continue through H2 CY21 Key extensional targets include: – Along strike to both the west and east – Shallower le
Slide 14: C Dargues Mine: The past
C Dargues Mine The past For personal use only Located in south-east NSW, 60 km from Canberra Underground mine and 355 ktpa mill constructed under previous owner First gold concentrate produced in June 2020 Under-drilled and capital constrained through development phase Acquired by Aurelia
Slide 15: C Dargues Mine: The present
C Dargues Mine The present For personal use only DARGUES FY21 actual1 FY22e outlook Throughput (kt) Gold grade (g/t) Gold recovery (%) 324 3.0 94% 340 – 355 4.5 – 4.7 94 – 96% Existing Stopes and Development 1.3 Mt Production Schedule Gold production (koz) 29 45 – 50 Opex + Sust. cap (A$/t) 174 170
Slide 16: C Dargues Mine: The future
C Dargues Mine Dargues interpreted geological domains The future For personal use only Phase 1 extensional and infill drilling continues with further strong results Further key targets include: – Strike extensions west of Main lode – Continuity between Main and Plums lodes – Zones open at depth
Slide 17: Robust industry positioning
For personal use only quarter quarter March 2021 December 2020 0 500 1,000 1,500 2,000 2,500 -1,000 -500 0 500 1,000 1,500 2,000 2,500 -1,000 -500 Ernest Henry Ernest Henry Cadia Valley Cadia Valley Fosterville Fosterville Waihi Peak Tomingley Thunderbox Tanami Cowal Thunderbox Moolart Well Moolart
Slide 18: Our outlook
For personal use only Our outlook 18
Slide 19: FY22 Group production guidance
For personal use only GROUP OUTPUT FY22e outlook FY21 actual Gold (koz) 112 – 123 104 Lead (kt) 24.5 – 27.0 25.9 FY22 Group Zinc (kt) 31.0 – 34.5 25.1 production Copper (kt) 3.5 – 4.0 4.7 AISC (A$/oz) 1,500 – 1,700 1,337 guidance - Sustaining capital (A$M) Growth capital (A$M) 61 – 69 16 – 18 48 26
Slide 20: Our outlook
Our outlook Gold and gold-equivalent bases For personal use only Group gold production (koz) Group gold equivalent production (koz Au eq) Hera (koz) Peak (koz) Gold (koz Au) Payable Copper / Zinc / Lead / Silver (koz Au eq) Dargues (koz) Group AISC (A$/oz) [RHS] 200 140 3,000 Realised Au (A$/oz) [RH
Slide 21: Our strategy
Our strategy For personal use only Simple, durable and returns focussed 1 Sustainable progression An organisation that excels through our people and superior performance A trusted, sustainable and beneficial presence in the areas in which we operate 2 Sweat our infrastructure and assets Leverage off
Slide 22: Sustainable progression
1 Sustainable progression Driven by our Vision & Values – Fundamentals first with a clear map for progression For personal use only Group Total Recordable Injury Frequency Rate Group Total Reportable Environmental Incident Aurelia Metals – Safe Metals (12-month moving average) Frequency Rate (12-mon
Slide 23: Sweat our infrastructure and assets
2 Sweat our infrastructure and assets Maximise returns via mine life extensions and operating discipline driving margin For personal use only Kairos Federation Unit revenue gains Dargues Near mine, high NSR Peak North material prioritised to mills Great Cobar Value lies in High IRR life extensions a
Slide 24: Direct the $ to the highest return
3 Direct the $ to the highest return A structured capital allocation model aimed at IRR For personal use only Growth profile underpinned by financial discipline and tension for the $ deployed to exploration and future investments Premier landholding in the Cobar Basin; undercapitalised over the
Slide 25: Deliver long term value and returns growth
4 Deliver long term value and returns growth Targeting top quartile returns on equity For personal use only A portfolio of 4-5 Cycle-proofed mine A simple and assets driving lives and durable strategy improving reserve commodity mix and cost base 25
Slide 26: Our investment proposition
For personal use only Our investment proposition A gold dominant, high value base metals business Gold dominant asset base with a ‘natural’ hedge of high grade base metals providing valuable by-product credits Flexible polymetallic mills with +1.6Mt combined capacity Well planned business driv
Slide 27: Contact
For personal use only Contact Telephone: +61 7 3180 5000 Email: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com.au
Slide 28: Appendix: Mineral Resources
Da rg u e s Min e (3 0 J u n e 2 0 2 1 ) Appx: Mineral Resources Class Measured Tonnes (kt) 380 Au (g/t) 6.0 Au (koz) 70 Indicated 1,200 4.8 180 For personal use only Pe a k Min e (3 0 J u n e 2 0 2 1 ) Inferred 570 5.1 94 Tonnes Au Cu Pb Zn Ag Total 2,100 5.1 350 Class (kt) (g/t) (%) (%) (%) (g/t)
Slide 29: Appendix: Ore Reserves
Appendix: Ore Reserves For personal use only Pe a k Min e (3 0 J u n e 2 0 2 1 ) He ra Min e (3 0 J u n e 2 0 2 1 ) Tonnes NSR Au Cu Pb Zn Ag Tonnes NSR Au Pb Zn Ag Class Class (kt) (A$/t) (g/t) (%) (%) (%) (g/t) (Kt) (A$/t) (g/t) (%) (%) (g/t) Proved 1,300 240 2.7 1.0 1.7 2.0 10 Proved 750 180 1.4
Slide 30: Appendix: Production Targets (LOM Schedules)
Appendix: Production Targets (LOM Schedules) For personal use only Pe a k Min e (3 0 J u n e 2 0 2 1 ) He ra Min e (3 0 J u n e 2 0 2 1 ) Tonnes NSR Au Cu Pb Zn Ag Tonnes NSR Au Pb Zn Ag Category Category (kt) (A$/t) (g/t) (%) (%) (%) (g/t) (kt) (A$/t) (g/t) (%) (%) (g/t) Measured Measured 1,300 250
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