Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Investor Presentation (July 2021)
25 slides from Aurelia Metals's investor presentation, Jul 27, 2021
Slide 1: June 2021 Quarter Update & Outlook
June 2021 Quarter Update & Outlook Delivering to strategy 27 July 2021
Slide 2: Forward looking statements
Forward looking statements This presentation has been prepared by Aurelia Metals Limited (“AMI” or the “Company”). It should not regulatory risks, operational risks, reliance on key personnel and foreign currency fluctuations. be considered as an offer or invitation to subscribe for or purchase any
Slide 3: Our strategy
Our strategy 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 a strategic asset bas
Slide 4: June 2021 quarter & FY21 performance
June 2021 quarter & FY21 performance 4
Slide 5: FY21 at a glance
FY21 at a glance A significant step forward in delivery of strategy ✓ Major reduction in workplace injuries - 58% lower TRIFR ✓ Substantial improvement in environmental performance – 82% reduction in reportable environmental incident frequency rate (TREIFR) ✓ Initiatives taken in diversity and clima
Slide 6: Sustainability performance
Sustainability performance Results underpinned by strong operational leadership and governance Group Total Recordable Injury Frequency Rate (TRIFR) Group Total Reportable Environmental Incident Frequency Rate (TREIFR) (12-month moving average) (12-month moving average) 25 25 20 20 15 15 10 10 58% re
Slide 7: FY21 Group guidance achieved or exceeded
FY21 Group guidance achieved or exceeded ‘On plan’ Group operating performance GROUP OUTPUT FY21 actual 1 FY21 guidance 1 Gold (koz) 104 100 – 113 Lead (kt) 25.9 21.9 – 24.4 Zinc (kt) 25.1 23.5 – 26.2 Copper (kt) 4.7 4.1 – 4.5 AISC (A$/oz) 1,337 1,425 – 1,575 1. FY21 includes Dargues contribution fr
Slide 8: June 2021 quarter: Operating snapshot
June 2021 quarter: Operating snapshot A robust finish ▪ Group 12-month moving average Total Recordable Injury Frequency Rate (TRIFR) decreased to 9.1 (March quarter: 12.7) ▪ Group gold production of 22.9 koz at AISC of A$1,848/oz – Lower gold production driven by lower gold grade at all sites – High
Slide 9: Throughput and operating cost performance
Throughput and operating cost performance Achieved underlying controllable performance outcomes Peak throughput and operating cost targets ( actual achieved) Hera throughput and operating cost targets ( actual achieved) Peak throughput (kt, LH-axis) Peak operating cost (A$/t, RH-axis) Hera throughpu
Slide 10: Cash flow snapshot
Cash flow snapshot Reinvesting in the business and debt repayment through the June quarter Quarterly cash flow waterfall (A$M) 10
Slide 11: Aurelia's progress
Aurelia’s progress A track record of delivery in exploration, development, operations and acquisition Group gold production (koz) [LH axis] and All-In-Sustaining-Cost (A$/oz, net of by-product credits) [RH axis] Hera (koz) Peak (koz) Dargues (koz) Group AISC (A$/oz) [RH axis] 140 3,000 Realised gold
Slide 12: Strong FY22 business outlook
Strong FY22 business outlook 12
Slide 13: FY22 Group production guidance
GROUP OUTPUT FY22e outlook FY21 actual Gold (koz) 112 – 123 104 Lead (kt) 24.5 – 27.0 25.9 FY22 Group Zinc (kt) 31.0 – 34.5 25.1 Copper (kt) 3.5 – 4.0 4.7 production AISC (A$/oz) 1,500 – 1,700 1,337 guidance - Sustaining capital (A$M) Growth capital (A$M) 61 – 69 16 – 18 48 26 Exploration & evaluati
Slide 14: FY22 indicative asset outlooks
FY22 indicative asset outlooks PEAK FY22e outlook FY21 actual HERA FY22e outlook FY21 actual DARGUES FY22e outlook FY21 actual1 Gold (koz) 53 – 58 57 Gold (koz) 14 – 15 31 Gold (koz) 45 – 50 15 Lead (kt) 13.0 – 14.5 15.8 Lead (kt) 11.5 – 12.5 10.1 Lead (kt) - - Zinc (kt) 13.0 – 14.5 10.8 Zinc (kt) 1
Slide 15: Dargues ramp-up
Dargues ramp-up Rates achieved with gold grade increasing FY21 actual DARGUES FY22e outlook (incl. prior to acquisition) ▪ During H2 FY21, Dargues demonstrated targeted: Throughput (kt) 340 – 355 324 Gold grade (g/t) 4.5 – 4.7 3.0 ✓ Development advance Gold recovery (%) 94 – 96% 94% ✓ Ore production
Slide 16: Drilling success driving the future
Drilling success driving the future 16
Slide 17: Establishing the future production base
Establishing the future production base Substantial growth in Mineral Resources during FY21 across all operating sites Mineral Mt Resources (Mt) M&I Inferred 20.0 +51% Intensive ongoing extensional and Current Phase 1 extensional 15.0 infill drilling at Federation drilling program at Dargues +67% 10
Slide 18: Peak Mines
Peak Mines Copper-rich Great Cobar drives 2+ year life extension ▪ Total Peak Production Target increased by ▪ 1.8 Mt (+48%) Life extension of 2+ years inclusive of mining 5.6 Mt depletion over FY21 Production Target (2021) ▪ Addition of high-grade Kairos extensions ▪ Inclusion of portion of copper-
Slide 19: Hera-Federation Complex
Hera-Federation Complex Federation set to deliver a substantial life extension to the complex Extensional targets Infill targets ▪ Federation Mineral Resource now totals 5.1 Mt with further growth expected 1.0 Mt ▪ Exceptionally high lead and zinc Production Target (2021) grades ▪ Intensive ongoing
Slide 20: Dargues Mine
Dargues Mine Significant initial drilling success and Mineral Resource expansion ▪ ▪ Ownership from December 2021 Phase 1 extensional and infill drilling delivered immediate success Existing Stopes and Development 1.3 Mt Production Target (2021) ▪ Mineral Resource increased 35%, inclusive of mining
Slide 21: Summary
Summary 1 A ‘quantum shift’ in safety and environmental performance 2 Guidance commitments met, throughputs increased 3 Significant Mineral Resource increases across all assets 4 Asset added and a strong expectation for Reserve growth across the portfolio in FY22 Simple | Durable | Returns Focussed
Slide 22: Contact
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 23: Appx: Mineral Resources
Dargues Mine (30 June 2021) Appx: Mineral Resources Class Measured Tonnes (kt) 380 Au (g/t) 6.0 Au (koz) 70 Indicated 1,200 4.8 180 Peak Mine (30 June 2021) Inferred 570 5.1 94 Tonnes Au Cu Pb Zn Ag Total 2,100 5.1 350 Class (kt) (g/t) (%) (%) (%) (g/t) Measured 3,400 2.4 1.0 1.0 1.1 12 Federation (
Slide 24: Appendix: Ore Reserves
Appendix: Ore Reserves Peak Mine (30 June 2021) Hera Mine (30 June 2021) 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 2.7 4.3 34 Probable 1,400 220 1.9 0.8 2.5 3
Slide 25: Appendix: Production Targets
Appendix: Production Targets Peak Mine (30 June 2021) Hera Mine (30 June 2021) 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 portion 1,300 250 2.7 1.0 1.7 2.1 10 Measured portion 750 180 1.4 2.7 4.3 34