Aeris Resources Limited · ASX:AIS
Aeris Resources — Ord Minnett East Coast Mining Conference 2023
33 slides from Aeris Resources's conference presentation, Mar 23, 2023
Slide 1: Ord Minnett East Coast Mining Conference March 2023
For personal use only Ord Minnett East Coast Mining Conference March 2023 Aeris Resources Limited
Slide 2: Disclaimer
Disclaimer For personal use only This investor presentation 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 the terms set out below. Summar
Slide 3: Disclaimer
Disclaimer For personal use only Production Targets Cautionary Statement The Ore Reserve and Mineral Resource estimates underpinning the Stockman Production Targets (refer to slide 25) were prepared by a Competent Person in accordance with the JORC Code 2012. The material assumptions on which the Pr
Slide 4: Aeris Resources
Aeris Resources For personal use only Australian mid-tier base and precious metals producer 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 For personal use only Robust balance sheet and supportive shareholder base Capitalisation Shareholders3 A$ Market capitalisation1 $387 million Cash2 $67 million Debt2 - 30% Enterprise value $320 million 46% Broker coverage 21% 3% WHSP Australian Institutions Foreign Institutions R
Slide 6: Sustainability
Sustainability For personal use only Commitment to transparency, integrity and sustainability 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: Tritton Operations
For personal use only Tritton Operations 7
Slide 8: Tritton
Tritton Improving ore grades and extending mine life For personal use only 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 Tritton to high grade ore only
Slide 9: Avoca Tank development
Avoca Tank development New high-grade intersections For personal use only • Resource definition drilling1 within initial production block returned high grade intersections: ‒ 10.7m at 5.48% Cu, 0.3g/t Au (10.72) ‒ 6.0m at 0.36% Cu, 2.78g/t Au (6.02) • Massive sulphides also intersected 180m below mi
Slide 10: Constellation deposit
Constellation deposit For personal use only New potential mine • Located 45km northeast of the Tritton plant • Mineral Resource1 of 6.7Mt at 1.85% Cu and 0.58g/t Au ‒ Containing 123kt copper and 125koz gold ‒ Approximately 3.1Mt of oxide, supergene and primary mineralisation is open pittable • Resou
Slide 11: Tritton exploration pipeline
Tritton exploration pipeline 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 • EM survey completed on northern tenements – 14 priority targets identified • Drill testing 5M7 prospec
Slide 12: Cracow Operations
For personal use only Cracow Operations 12
Slide 13: Cracow
Cracow For personal use only High-grade gold mine with long history of reserve replacement ✓ Mature operation with high quality infrastructure ✓ Declining grades in the Western Vein Field ✓ Reinvesting cash flows in exploration ✓ Golden Plateau is the focus area ✓ Southern Vein Field underexplored d
Slide 14: Golden Plateau exploration
Golden Plateau exploration For personal use only • Maiden Mineral Resource estimate released in January 20231 of 620kt at 3.1g/t Au and 15g/t Ag • Contained metal of 62koz Au and 300koz Ag • Significant potential to increase the resource with additional drilling • Conceptual mining studies have comm
Slide 15: Jaguar Operations
For personal use only Jaguar Operations 15
Slide 16: Jaguar Operations
Jaguar Operations For personal use only Consistent, polymetallic underground mine ✓ Investing capital to extend Bentley operations at depth ✓ New Turbo lens discovered in 2021 to extend Bentley mine life ✓ Other high grade exploration targets at Bentley and regionally including the fully permitted T
Slide 17: Bentley exploration potential
Bentley exploration potential For personal use only Significant resource growth potential at depth • Bentley deposit open along strike and down plunge • Turbo lens resource increased to 1.26Mt with drilling outside the resource envelop demonstrating potential for further extensions • Java Deeps targ
Slide 18: Extension of Turbo lens
Extension of Turbo lens For personal use only • Turbo resource updated to 1.26Mt at 1.82% Cu, 8.5% Zn, 0.72g/t Au and 47g/t Ag1 • Majority of resource in Indicated status • Increased tonnage by 23% and contained zinc metal by 37% • Strike length doubled to 400m • Deposit is open along strike and dow
Slide 19: North Queensland Operations
For personal use only North Queensland Operations 19
Slide 20: North Queensland
North Queensland For personal use only Cash generative copper-gold mine and large exploration portfolio ✓ Harvesting cash from Mt Colin mine to fund other group capital developments ✓ Low cost toll treatment options with regional mills ✓ Potential underground operation at Barbara ✓ Large tenement pa
Slide 21: North Queensland growth projects
North Queensland growth projects For personal use only Near-term potential at Barbara and large regional portfolio Barbara • Open pit mining finished in Dec 2020 • Mineralisation extends below current pit and is open at depth • Mining study on a potential underground operation of similar scale to Mt
Slide 22: Stockman Project
For personal use only Stockman Project 22
Slide 23: Stockman
Stockman For personal use only High-grade, long life, polymetallic development project ✓ 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% CuEq (recovered)1 ✓ Significant onsite road infrastru
Slide 24: Stockman Wilga mine targeting ~200ktpa
Stockman Wilga mine targeting ~200ktpa For personal use only Advanced technical studies • Underground mining operations at the Wilga and Currawong deposits targeting 1Mtpa • Conventional flotation plant to produce copper and zinc concentrates with significant precious metals by-products Currawong mi
Slide 25: Stockman: Clear path to development
Stockman For personal use only Clear path to development Production (kt, CuEq) 1,2 40 • Feasibility study underway and due for completion FY23 35 • Opportunities to extend mine life with Bigfoot 30 and Eureka resources 25 • Highly prospective tenements with over 50 20 drill targets identified 15 10
Slide 26: The future
For personal use only The future 26
Slide 27: 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 feasibility study • 5 – 7koz Au • 24 – 29kt Zn • Focus on community engagement and • Emphasis on cost control • 5 – 7koz Au securing outstanding secondary permits • Bring Avoca
Slide 28: Thank you
Thank you For personal use only Are there any questions? Aeris Resources Limited Level 6, 120 Edward Street Brisbane QLD, 4000 +61 7 3034 6200 info@aerisresources.com.au Facebook | facebook.com/aeristritton/ Linkedin | linkedin.com/company/aeris-resources-limited/ Public Relations Madeleine Thornton
Slide 29: Aeris Resources Appendix
Aeris Resources For personal use only Appendix
Slide 30: 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 31: Group Mineral Resources (30 June 2022)
Group Mineral Resources (30 June 2022) 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,
Slide 32: Group Ore Reserves (30 June 2022)
Group Ore Reserves (30 June 2022) 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
Slide 33: 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
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