Aeris Resources Limited · ASX:AIS
Aeris Resources — Denver Gold Forum 2022
32 slides from Aeris Resources's conference presentation, Sep 20, 2022
Slide 1: Denver Gold Forum
For personal use only Denver Gold Forum 18-21 September 2022 Presented by Andre Labuschagne Aeris Resources Limited
Slide 2: Disclaimer
Disclaimer For personal use only This investor presentation is dated 16 September 2022 and has been prepared by Aeris Resources Limited (“Aeris” or the “Company”). By attending an investor presentation or briefing, or accepting, accessing or reviewing this presentation, you acknowledge and agree to
Slide 3: Disclaimer
Disclaimer For personal use only Production Targets Cautionary Statement The Ore Reserve and Mineral Resource estimates underpinning the Stockman and Tritton Production Targets (refer to slides 8 and 23) were prepared by a Competent Person in accordance with the JORC Code 2012. The material assumpti
Slide 4: Aeris Resources
Aeris Resources Australian mid-tier base and precious metals producer For personal use only 4 producing operations 1 long life development project Resources of 780kt Cu, 993kt Zn, 1.4Moz Au1 FY23 production of 57 – 71kt Cu equivalent2 Strong long-term exposure to copper Excellent platform for growth
Slide 5: Corporate overview
Corporate overview Robust balance sheet and supportive shareholder base For personal use only Capitalisation Shareholders3 Market capitalisation1 $335 million Cash2 $92 million Debt2 - 30% Enterprise value $243 million 44% Broker coverage 22% 4% WHSP Australian Institutions Foreign Institutions Reta
Slide 6: Sustainability
Sustainability Commitment to transparency, integrity and sustainability For personal use only Water and Carbon and Diversity and Biodiversity and Containment Climate Change Inclusion Land Using resources Reducing carbon Building more equal, Planning and delivering efficiently in water, footprint and
Slide 7: Aeris underpinned by long mine life profile
Aeris underpinned by long mine life profile For personal use only Group production profile FY FY FY FY FY FY FY FY FY FY FY FY • Multiple assets with proven track record of mine life extensions including two long life assets 23 24 25 26 27 28 29 30 31 32 33 34 8 year mine life from known deposits
Slide 8: Tritton
Tritton Cornerstone copper production and 8+ year mine life For personal use only Overview Tritton production profile (kt, Cu)3 1 Location 45km NW of Nyngan in central NSW 30-33 Mine type Underground sublevel open stoping Plant 1.8Mtpa conventional flotation 25 23 22-24 First production 2005 19-23 1
Slide 9: Tritton growth projects
Tritton growth projects Improving ore grades and extending mine life For personal use only Avoca Tank Displacing 1.1% Cu from Tritton deeps with: Tritton and Budgerygar • 1.8% Cu ore from Budgerygar (in production)1 • 2.5% Cu and 0.8g/t Au ore from Avoca Tank (in production Q4 FY23)1 • Extending Tri
Slide 10: Constellation deposit
Constellation deposit New potential mine For personal use only • Deposit located 45km northeast of the Tritton plant • Maiden Mineral Resource declared in December 20211 and updated in August 20222 ‒ 6.7Mt at 1.85% Cu and 0.58g/t Au ‒ Containing 123kt copper and 125koz gold ‒ Approximately 3.1Mt of
Slide 11: Tritton exploration pipeline
Tritton exploration pipeline Focus to the north For personal use only • Highly endowed region and 2,330km2 tenement package • 750kt copper already discovered and produced from deposits south of the Mitchell Highway • Constellation discovered in 2019 – looking for repeats • EM survey completed on nor
Slide 12: Cracow
Cracow High-grade gold mine with long history of reserve replacement For personal use only Overview Location Near Cracow in central Queensland Mine type Underground open stoping Plant 600ktpa CIP plant First production 2004 Mine life 4 years Reserves1 92koz Au Resources1 455koz Au FY22 Production2 5
Slide 13: For personal use only
For personal use only 13
Slide 14: Cracow growth projects
Cracow growth projects Golden Plateau – potential new ore source For personal use only • Located only 1km from the Cracow mill • Deposit produced 850koz from the 1930s to 1990s • Drilling has shown north-south crosscutting structures that host high- grade mineralisation away from the historic mining
Slide 15: Jaguar
Jaguar Consistent, polymetallic underground mine For personal use only Overview Location 65km north of Leonora in Western Australia Mine type Underground open stoping Plant 600ktpa conventional flotation First production 2010 Mine life 4 years Reserves1 51kt Zn, 7kt Cu, 15koz Au, 1.6Moz Ag Resources
Slide 16: For personal use only
For personal use only 16
Slide 17: Jaguar growth projects
Jaguar growth projects Significant resource growth potential at depth For personal use only • The Bentley deposit consists of multiple individual lenses and is open along strike and down plunge • The Turbo lens (on which a maiden resource was released in December 20211) offers significant exploratio
Slide 18: North Queensland
North Queensland Cash generative copper-gold mine and large exploration portfolio For personal use only Mt Colin Overview Location Near Cloncurry in NW Queensland Mine type Underground long hole open stoping Plant Toll treatment at nearby plants First production 2019 (UG) Mine life 2 years Reserves1
Slide 19: For personal use only
For personal use only 19
Slide 20: North Queensland growth projects
North Queensland growth projects Near-term potential at Barbara and large regional portfolio For personal use only Barbara • Open pit mining finished in Dec 2020 • Mineralisation extends below the current pit, with deposit open at depth • Aeris updating mining study on a potential underground operat
Slide 21: Stockman
Stockman High-grade, long life, polymetallic development project For personal use only Mining Lease – approved Infrastructure Lease for tailings dam – approved Project work plan – approved High-grade, +10 year Ore Reserve of 9.6Mt at 2.9% CuEq1 Significant onsite road infrastructure alread
Slide 22: Stockman Wilga mine targeting ~200ktpa
Stockman Wilga mine targeting ~200ktpa High-grade, long life, polymetallic development project For personal use only • Proposed underground mining operations at the Wilga and Currawong deposits targeting 1Mtpa • Conventional flotation plant to produce copper and zinc concentrates with significant pr
Slide 23: Stockman: Clear path to development
Stockman Clear path to development For personal use only Indicative Production (kt, CuEq) 1,2 40 Secondary permits underway 35 • Water (surface water draw and mine dewatering) 30 • Road widening • Clear water dam construction 25 • EPA licences for camp and power station 20 • Biodiversity offsets 15
Slide 24: Aeris Resources: The future
For personal use only Aeris Resources The future 24
Slide 25: FY23 plans – an exciting year ahead!
FY23 plans – an exciting year ahead! For personal use only Tritton Jaguar Stockman • 19- 23 kt Cu • 3 – 5 kt Cu • Complete definitive feasibility study • 5 – 7koz Au • 24 – 29kt Zn • Focus on community engagement and • Emphasis on operational cost control • 5 – 7koz Au securing outstanding secondary
Slide 26: Thank you
Thank you Are there any questions? For personal use only Aeris Resources Limited Level 2, HQ South Tower 520 Wickham Street Fortitude Valley Brisbane QLD, 4006 +61 7 3034 6200 Facebook | facebook.com/aeristritton/ Linkedin | linkedin.com/company/aeris-resources-limited/ info@aerisresources.com.au Pu
Slide 27: Appendix
Aeris Resources For personal use only Appendix
Slide 28: Group guidance
Group guidance For personal use only FY23 Guidance FY22A Production Copper kt 32 - 40 18.6 Zinc kt 24 - 29 0.0 Gold koz 60 - 78 58.2 Silver Moz 1.1 - 1.3 0.1 Operating Costs Mining $M 229 - 277 147 Processing $M 98 - 120 53 Site G&A $M 69 - 83 30 TC/RCs $M 37 - 45 11 Product handling $M 41 - 49 18 C
Slide 29: Group Mineral Resources
Group Mineral Resources For personal use only Grade Contained Metal Project Category Tonnes ('000) % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Measured 2,311 1.2 - 0.1 2.7 27 - 6 201 Indicated 11,252 1.4 - 0.3 4.3 158 - 111 1,564 Inferred 9,334 1.7 - 0.4 4.0 159 - 119 1,188 Total 22,89
Slide 30: Group Ore Reserves
Group Ore Reserves For personal use only Grade Contained Metal Project Category Tonnes ('000) % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Proved 1,085 1.2 - 0.1 2.4 13 - 2 84 Probable 3,717 1.4 - 0.3 3.5 53 - 41 420 Total 4,802 1.4 - 0.3 3.3 67 - 43 504 Cracow Proved 199 - - 4.0 - - -
Slide 31: Highly experienced board and management
Highly experienced board and management For personal use only Board of Directors Andre Labuschagne – Executive Chairman Sylvia Wiggins – Non-Executive Director Robert Millner – Non-Executive Director Experienced mining executive with a career A senior executive and investment banker with a Chairman
Slide 32: Copper equivalent calculation
Copper equivalent calculation For personal use only Copper Equivalent Calculation In this presentation, production is presented on a recovered CuEq metal produced basis and AISC costs are presented on a payable CuEq metal Recovery Factors by Operation FY21 FY22 FY23 LOMP sold basis. Recovery Factor