29metals Limited · ASX:29M
29metals — Ord Minnett East Coast Mining Conference 2022
27 slides from 29metals's conference presentation, Mar 31, 2022
Slide 1: Ord Minnett East Coast Mining Conference Presentation (ASX Announcement)
ASX ANNOUNCEMENT Thursday, 31 March 2022 ORD MINNETT EAST COAST MINING CONFERENCE PRESENTATION Accompanying this release is the 29Metals Limited (‘29Metals’ or, the ‘Company’) presentation to the Ord Minnett East Coast Mining Conference in Sydney, Australia, later today. -ENDS- This announcement was
Slide 2: 29Metals Limited
29Metals Limited Ord Minnett East Coast Mining Conference March 2022
Slide 3: Important information
Important information The information in this presentation has been derived from material publicly released by 29Metals and is provided for informational purposes only and may be changed or updated without notice. The information presented should not be used for any purpose other than gaining genera
Slide 4: Important information
Important information PRESENTATION CURRENCY AND ROUNDING 29Metals functional currency is Australian dollars (‘A$’). Unless otherwise stated, all financial information in this presentation is in A$. Financial information in this presentation is subject to rounding. MINERAL RESOURCES AND ORE RESERVES
Slide 5: Overview
Company Overview Operations Growth ESG Overview Our vision is to be a leading ASX-listed copper producer, developer and explorer offering investors exposure to attractive copper market dynamics 1 2 29 Cu Copper Highly experienced Board and management Copper-focused, future facing metals team with a
Slide 6: 2021 Highlights
Company Overview Operations Growth ESG 2021 Highlights Operating and financial performance create the foundation for growth Health & safety Cu-eq 3 production Operations Operated safely 68kt Cu-eq 3, 4 Milestones achieved TRIFR 1 of 12.4 Exceeded Pro forma Forecast Cervantes exploration results LTIF
Slide 7: Corporate Snapshot
Company Overview Operations Growth ESG Corporate Snapshot 29Metals capitalisation Major shareholders (Mar-2022) 5 A$ Share Price 1 $/sh $2.85 # Investor Name % Shares on Issue (SOI) m 481 1. EMR Capital Investors 45.0% Market Cap $m $1,372 2. Yarra Capital Mgt 8.5% Drawn Debt 2, 3 $m $201 Cash and e
Slide 8: Portfolio
Company Overview Operations Growth ESG Portfolio Substantial copper producer, with all assets in Tier 1 jurisdictions Production from Golden Grove and Capricorn Copper, both with long mine lives, production growth opportunities and significant resource extension potential, plus Redhill in Chile prov
Slide 9: Golden Grove
Company Overview Operations Growth ESG Golden Grove World-class VHMS geological system Asset Overview Location Western Australia, Australia Mining method Underground, long hole open stope Commercial production Commenced in 1990 Mine life 10+ years Copper concentrate, zinc concentrate, high precious
Slide 10: Capricorn Copper
Company Overview Operations Growth ESG Capricorn Copper High-grade copper operation in a Tier 1 jurisdiction Asset Overview Capricorn Copper Project Location Queensland, Australia Mining method Underground, sub-level caving and long hole open stoping Commercial production Large scale mining commence
Slide 11: 2021 Metal Production and Sales Mix
Company Overview Operations Growth ESG 2021 Metal Production and Sales Mix Copper dominant profile with meaningful by-product production Sales mix (2021) 1, 2 Metal production (2021 and 2022 guidance) 1, 3 Golden Grove Copper (kt) Zinc (kt) Silver, 7% 55 – 65 39 – 46 41 48 Gold, 14% Lead, Copper, Gr
Slide 12: Growth Strategy
Company Overview Operations Growth ESG Growth Strategy Focused on executing operating plan and delivering organic growth 2021 Delivered FY2022 Focus 1 Productivity Deliver operating plan Installation and commissioning of triple Transition to increased stope intervals in sequential flotation at G
Slide 13: In-mine and Near-mine Growth
Company Overview Operations Growth ESG In-mine and Near-mine Growth Golden Grove long-section 1 Advancing known targets and World-class VHMS with multiple ore sources and diversified production generating additional prospects on existing leases Significant untested exploration potential, both
Slide 14: In-mine and Near-mine Growth: Golden Grove
In-mine and Near-mine Growth 1 Company Overview Operations Growth ESG Golden Grove Producing Options Study Scoping Study Xantho Extended Gossan Valley (GV) Cervantes Status: First ore in DecQ 2021 Feasibility studies 2022 scoping study commenced In-mine resource extension and conversion dril
Slide 15: In-mine and Near-mine Growth: Capricorn Copper
In-mine and Near-mine Growth Company Overview Operations Growth ESG Capricorn Copper Five known orebodies: 1,858km2 of highly prospective, under- Multiple mining fronts and orebodies provide scheduling flexibility and blending optimisation Esperanza South (ESS), Mammoth and Greenstone in product
Slide 16: Regional Exploration
Regional Exploration Company Overview Operations Growth ESG Regional upside with substantial exploration interests across three jurisdictions 1 2 3 Capricorn Copper 1,858km2 – Mining and Exploration Leases Prospective for: Golden Grove 2 Copper/Silver/Lead/Zinc/Cobalt 129km2 – Mining Leases 1 Prospe
Slide 17: Net Drawn Debt
Company Overview Operations Growth ESG Net Drawn Debt 1 Low leverage creates foundation for growth Refinance of debt facilities completed in FY2021 – greater flexibility at a lower cost of funding Low leverage with Net Drawn Debt 1 to Pro forma EBITDA 1, 2 of 0.01x Strong cash position to supp
Slide 18: Sustainability & ESG
Company Overview Operations Growth ESG Sustainability & ESG 29Metals has a commitment to robust governance, safety and sustainability COPPER OUR LEADERSHIP Sits at the heart of electrification, Board and leadership team with extensive decarbonisation and the global executive experience developing an
Slide 19: Appendix
Appendix
Slide 20: Guidance
Guidance FY2022 Group guidance Group guidance 1, 2 Unit 2021A3 FY2022 guidance Production 4 Copper kt 41 39 – 46 Zinc kt 48 55 – 65 Gold koz 36 27 – 34 Overall, expecting year-on-year improvement in production output in 2022 Silver koz 1,766 1,370 – 1,640 Lead kt 2 2–3 Costs 5 Mining 6 $m $279 289 –
Slide 21: Production Guidance
Production Guidance 1 Improvement in metal production in FY2022 at both operating mines Golden Grove Capricorn Copper Guidance 1 Unit 2021A 2 FY2022 guidance Guidance 1 Unit 2021A 2 FY2022 guidance 3 3 Production Production Ore mined kt 1,525 1,450 – 1,650 Ore mined kt 1,772 1,600 – 1,850 Ore milled
Slide 22: Financials Metrics Guidance
Financials Metrics Guidance 1 FY2022 Unit 2021A 2 Commentary guidance Depreciation & Amortisation 3 $m $100 135 – 155 Reflects inclusion of a full year of Capricorn Copper results in FY2022 and acquisition accounting Mine development amortisation on units of production (‘UOP’) basis over estimat
Slide 23: Definitions of Non-IFRS Financial Information Metrics
Definitions of Non-IFRS Financial Information Metrics METRIC DEFINITION Adjusted EPS is adjusted earnings per share, and is calculated using adjusted NPAT divided by the weighting average number of ordinary shares outstanding for the period. is net profit after tax attributable to members, adjusted
Slide 24: Reconciliation of Non-IFRS Financial Information Metrics
Reconciliation of Non-IFRS Financial Information Metrics Reconciliation of Adjusted NPAT to NPAT Unit 2021A 2021P VAR NPAT $m $121 – $121 Add: Transaction costs (post-tax) $m $39 – $39 Less: Income tax benefit associated with the IPO transactions $m ($119) – ($119) Add: Increase in net assets attrib
Slide 25: Group Mineral Resources and Ore Reserves Estimates
Group Mineral Resources and Ore Reserves Estimates 1 Mineral Resources Mineral Resources estimates at the Group level are the aggregation of Mineral Resources estimates for Golden Grove, Capricorn Copper and Redhill. Mineral Resources have been depleted for production to 31 December 2021 and are rep
Slide 26: Group Mineral Resources and Ore Reserves Estimates
Group Mineral Resources and Ore Reserves Estimates 1 Ore Reserves Ore Reserves estimates at the Group level are the aggregation of Ore Reserves estimates for Golden Grove and Capricorn Copper. Ore Reserves have been depleted for production to 31 December 2021 and are reported as at that date 2021 20
Slide 27: Unlocking value to empower the future.
Unlocking value to empower the future. 26
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