Aeris Resources Limited · ASX:AIS
Aeris Resources — Q1 2021 Earnings Presentation
16 slides from Aeris Resources's earnings presentation, Apr 29, 2021
Slide 1: March 2021 Quarterly Presentation
March 2021 Quarterly Presentation 29 April 2021 Presented by: Andre Labuschagne
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (“Aeris”) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of Aeris. A
Slide 3: Highlights Summary
Highlights Summary Production • Cracow - 15,548oz Au @ AISC $1,557/oz • Tritton - 5,270 tonnes Cu @ AISC $4.00/lb • Constellation continues to grow: Discovery ― Traced 500m down-plunge ― Approval for 60 RC holes ― 3 drill rigs now on site • Cracow Klondyke - Royal and Roses Pride LOM focus • Tritton
Slide 4: Safety and Environment
Safety and Environment • 2 LTI’s recorded at Tritton: 12 Mth LTIFR and Lost Time Injuries ― Loader fell into stope 7 3 ― Trauma related to incident 6 • Independent review underway 5 2 • Safety management system 12 Month LTIFR No of LTI's 4 under review as a result 3 1 2 Covid-19 1 • Measures in plac
Slide 5: Community and Sustainability
Community and Sustainability New bus service to Cobar Construction of Cracow No.2 tailings dam underway Cracow new local apprentices intake 5
Slide 6: Production and Cost Summary
Production and Cost Summary TRITTON UNIT JUN SEP 2020 DEC MAR Tritton: PRODUCTION SUMMARY 2020 QTR 2020 2021 QTR QTR QTR • Lower Cu grades at Tritton UG: ORE MILLED TONNES 418,242 411,341 370,897 382,054 MILLED GRADE Cu (%) 1.71% 1.56% 1.66% 1.47% ― changed stope sequencing TOTAL COPPER PRODUCED TON
Slide 7: Tritton Copper Operations – Constellation Deposit
Tritton Copper Operations – Constellation Deposit Spectacular results • 45km North-East from Tritton • 14 diamond holes drilled completed with majority intersecting copper sulphide mineralisation • Traced 500m down plunge • Mineralisation remains open down plunge and along strike (south) 7
Slide 8: Tritton Copper Operations – Constellation drilling accelerated
Tritton Copper Operations – Constellation drilling accelerated • 3 drill rigs now operating • RC program targeting shallow high grade mineralisation • 2 diamond drill rigs testing the larger system and focused down plunge and along strike to the south 8
Slide 9: Tritton Copper Operations – Murrawombie extensions
Tritton Copper Operations – Murrawombie extensions • Drilling testing hangingwall lodes • Drilling increased strike length and down-plunge extents • Significant intersections: ― MWGC546 – 8.65m @ 3.38% Cu (5.10m true thickness) ― MWGC549 – 6.10m @ 2.71% Cu (6.00m true thickness) ― MWGC550 – 1.35m @
Slide 10: Cracow Gold Operations - Exploration of brownfield target areas
Cracow Gold Operations - Exploration of brownfield target areas Drill target – tested / testing Drill target – not tested Cracow Resource updates: • Roses Pride Mineral Resource estimate increased gold ounces by 260%1 • Klondyke-Royal Mineral resource update increased gold ounces by 324%2 • Undergro
Slide 11: Cracow Gold Operations – Royal deposit
Cracow Gold Operations – Royal deposit • Drilling intersected gold mineralisation over a 130m strike window • All outside current Mineral Resource footprint • Significant intersections: RSU526 - 4.6m @ 9.4g/t Au (2.8m true thickness) RSU530A - 4.6m @ 3.5g/t Au (2.9m true thickness) RSU528 - 6.
Slide 12: Cracow Gold Operations – Sovereign deposit
Cracow Gold Operations – Sovereign deposit • Drilling focused on the northern extensions • All ten holes completed intersected main mineralised structure • Significant intersections: SVU128 - 2.7m @ 7.5g/t Au (2.2m true thickness) SVU125 - 2.2m @ 4.3g/t Au (1.8m true thickness) SVU130 - 7.9m @
Slide 13: Financials
Financials DEC MAR (A$ Million) 2020 2021 QTR QTR Useable Cash 45.5 47.1 Tritton - Copper concentrate receivables 13.8 8.7 Cracow – gold/silver dore receivables - - Useable Cash and Receivables 59.3 55.8 Debt • Third A$7.5m repayment made two weeks early • Voluntary US$2.5m paid on Tranche B • Total
Slide 14: M&A strategy remains a focus
M&A strategy remains a focus Aeris Resources Commodity Gold and Copper M&A strategy East coast Australia Location Rest of Australia Offshore – Risk reward Pursue strategic M&A opportunities to add value, complement existing Producing operation with established infrastructure portfolio an
Slide 15: What makes Aeris different?
What makes Aeris different? Proven team with a consistent Financially robust, rapidly track record deleveraging A unique platform to Diversified, strong free cash consolidate the landscape generation where others cannot 29 79 Favourable gold / copper Primed to unlock value Cu Au price exposure 15
Slide 16: Competent Persons statement
Competent Persons statement Competent Persons statement Mr Cox confirms that he is the Competent Person for all the Mineral Resource and Exploration Target estimates summarised in this Report and he has read and understood the requirements of the 2012 Edition of the Australasian Code for Reporting o