Austral Resources Australia Limited · ASX:AR1
Austral Resources Australia — RIU Sydney 2022
20 slides from Austral Resources Australia's conference presentation, May 4, 2022
Slide 1: Austral Resources Company Presentation
For personal use only AUSTRAL RESOURCES COMPANY PRESENTATION BOOTH #34 RIU Sydney 4 May 2022
Slide 2: Disclaimer & Competent Persons Statement
DISCLAIMER & COMPETENT PERSONS STATEMENT Important Notice and Disclaimer Financial Information and Modelling You must read this notice before reading or making any use of this Presentation (defined below) or any information contained in this Presentation. By continuing to read, use or otherwise act
Slide 3: AR1 Investment Overview
AR1 INVESTMENT OVERVIEW Infrastructure • We are a Mt Isa region copper cathode producer. 10,000tpa For personal use only ~A$160M replacement of metal production for the next four years value • Our new Anthill Mine is de-risked and in full production Producing • Copper prices are at historic highs as
Slide 4: Anthill Mine in Full Production
ANTHILL MINE IN FULL PRODUCTION • First ore crushed in April 2022 For personal use only • First Anthill ore to plate copper cathode Anthill scheduled May 2022 mine is in production • On target to hit 1,000t per month of copper cathode from July 2022 • 9,300t production in 2022, 12,000t in 2023 • 40,
Slide 5: Copper Production Schedule
COPPER PRODUCTION SCHEDULE • First copper cathode from Anthill Copper mine to be plated May 2022 For personal use only • Anthill production 1,000t/month from July 2023 • 9,300t planned production for 2022, 12,000t for 2023 …We are here Thiess mining Anthill east pit – April 2022 5
Slide 6: Corporate Overview
CORPORATE OVERVIEW Key Points: For personal use only • AR1 market cap ~A$95.7M • Received Glencore US$15M prepayment facility 18 March 2022 • AR1 cashflows scheduled to increase substantially from May 2022 as Copper production from Anthill comes online: • A$15M/month gross revenue from August 2022 •
Slide 7: Current Site Activity
CURRENT SITE ACTIVITY: For personal use only Backloading 55t of copper cathode to Townsville Port, 24 April 2022. Crushing Anthill ore, 28 April 2022. Taking new cathode bundle to be sampled, strapped and wrapped for shipment. Stacking new copper cathodes 24 April 2022. 7
Slide 8: AR1 Exploration Upside
For personal use only AR1 Exploration Upside
Slide 9: Exploration Upside Potential
EXPLORATION UPSIDE POTENTIAL Simple Exploration And Growth Strategy – Funded By Pre-payment and Anthill Cashflow For personal use only 1. Anthill 2.0 • Minimal historic exploration completed within 10km of Anthill 2. Oxide ore within 50km of Mt Kelly • 2,100km2 of AR1 tenements • >20 priority target
Slide 10: Prospect Timeline
PROSPECT TIMELINE For personal use only 30,000 planned drill metres over 12 months 10
Slide 11: Phase – Anthill 2.0
PHASE 1 – ANTHILL 2.0 • Surrounding Anthill area has the best potential to quickly increase oxide resources. Mt Kelly has the capacity to process more ore For personal use only Additional mapping, geochemistry and drilling proposed • Drilling planned for Sept Qtr 2022 1. Start at pit shell boundarie
Slide 12: Phase – Oxide Exploration to Extend Mine Life
PHASE 2 – OXIDE EXPLORATION TO EXTEND MINE LIFE For personal use only • Granted Exploration Leases 2,100km2 of contiguous ground in western Current succession Tenements • 53km2 of Mining Leases covering all operations Reserves & • JORC Mineral Resource Estimate (oxide mineralisation): 16.7Mt @ 0.59%
Slide 13: Near Term Drill Targets
NEAR TERM DRILL TARGETS Current focus on McLeod Hill, Dividend and Drifter: • For personal use only Mcleod Hill. 1.42Mt@ 0.49% JORC Mineral Resource Estimate. Open to the south (Undrilled) 1,500m initial RC drilling • Dividend. Large 1,500m x 500m copper anomalous footprint close to plant. 2,000m in
Slide 14: Phase 3: Copper Sulphides
PHASE 3: COPPER SULPHIDES Deposit Total Mt Cu% Ca%* Mg%* Anthill 13.80 0.70 2.3 1.4 Austral has 210,000t of contained copper in sulphide Flying Horse 14.20 0.77 4.9 2.9 For personal use only mineralisation as a JORC Mineral Resource Estimate Lady Annie 12.16 0.76 7.5 4.6 Lady Brenda • Most sulphides
Slide 15: Phase – JVs and Transactions
PHASE 4 - JVs AND TRANSACTIONS For personal use only Austral has received expressions of interest to JV/sell portions of its 2,100km2 tenement holdings from large and junior companies – This is validation of AR1’s tenure potential • Reviewing opportunities to monetise ‘stranded’ oxide copper resourc
Slide 16: Board of Directors and Management
Phillip Thomas Non • Significant experience in the roles of CEO and Chairman of several ASX and TSX mining companies, geologist with expertise in exploration, mine feasibility, processing, BOARD OF DIRECTORS AND MANAGEMENT Executive operations, mineral trading, corporate strategy and valuation Chair
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS “Austral Resources is strategically positioned as a producing, pure play Copper Company For personal use only - in a tier 1 jurisdiction” ✓ • Anthill Mine in Production. At 10,000tpa planned cathode production, Austral generates ~AUD$140,000,000pa In Production, revenue funded,
Slide 18: Contacts
For personal use only BOOTH #34 CONTACTS Dan Jauncey Executive Director dan@australres.com +61 427 199 621 Steve Tambanis Chief Executive Officer steve@australres.com +61 407 689 231 www.australres.com Level 9, 60 Edwards Street Brisbane 4000 07 3520 2500
Slide 19: Mineral Resource & Ore Reserves
MINERAL RESOURCE & ORE RESERVES* For personal use only Austral holds 15 Mining Leases and 14 Exploration Permits (Lady Annie Project only). Mineral Resources, Ore Reserves and all mining and processing infrastructure are located on the Mining Leases. • Global JORC compliant Mineral Resource Estimate
Slide 20: JORC Mineral Resource Estimated by Deposit
JORC MINERAL RESOURCE ESTIMATED BY DEPOSIT Measured Indicated Inferred Total Deposit Material Type Mt Cu% Ca%* Mg%* Mt Cu% Ca%* Mg%* Mt Cu% Ca%* Mg%* Mt Cu% Ca%* Mg%* Oxide 2.70 0.77 0.3 0.2 6.10 0.71 0.3 0.3 0.10 0.37 0.3 0.3 8.90 0.73 0.3 0.3 For personal use only Transition 0.30 0.90 5.8 3.3 1.80