29metals Limited · ASX:29M
29metals — Macquarie Australia Conference 2023
22 slides from 29metals's conference presentation, May 1, 2023
Slide 1: Macquarie Australia Conference 2023 Investor Presentation
ASX ANNOUNCEMENT Monday, 1 May 2023 Macquarie Australia Conference 2023 Investor Presentation 29Metals Limited (‘29Metals’ or, the ‘Company’) Managing Director & CEO, Peter Albert, will be presenting and meeting with investors at the Macquarie Australia Conference 2023, being held in Sydney on 2-4 M
Slide 2: 2023 Macquarie Australia Conference
2023 Macquarie Australia Conference 2 – 4 May 2023 Peter Albert Managing Director & CEO
Slide 3: Important Information
Important Information This presentation comprises summary information provided for the purposes of general information regarding 29Metals Limited (the ‘Company’) and its subsidiaries (together with the Company, ‘29Metals‘). Material information in this presentation has been derived from information
Slide 4: Overview
Overview Our Vision is to be a leading ASX-listed copper producer, developer and explorer, offering investors exposure to attractive market dynamics for copper and other metals critical to the global energy transition Our assets: Capricorn Copper Golden Grove Copper, silver Copper, zinc, precious me
Slide 5: 29Metals snapshot
29Metals snapshot Copper focused long-life assets with growth potential ▪ Group TRIFR reduced for the fifth consecutive quarter to 8.1/mwhrs 1 Safety ▪ Capricorn Copper five-months recordable injury-free to end March 2023 first ▪ Two long-life operations in Australia – 73kt Cu-eq 2 production in 202
Slide 6: Sustainability & ESG
Sustainability & ESG Sustainability & ESG is not something we do, it must be part of everything we do ▪ 2022 Sustainability & ESG Report released 28 April 2023 ▪ 29Metals’ 2023 Sustainability & ESG priorities ➢ Continuing focus on quality and use of data to inform targets and performance priorities
Slide 7: Capricorn Copper recovery planning
Capricorn Coppery recovery planning A safe return to operations as soon as possible following an extreme weather event Queensland Weekly Rainfall for the week ending 10 March 2023 1 Impact of the extreme weather event ▪ Extreme rain event resulted in approximately 1.5 GL of additional water on site,
Slide 8: Key performance drivers
Key performance drivers Development rates ▪ Mar-Qtr development at Golden Grove, overall, continued improved development rates from late 2022 ▪ Improving Xantho Extended (‘XE’) development rates is a key driver, linked to improvements in ventilation (refer below) ▪ Development activity during the Ma
Slide 9: Key performance drivers
Key performance drivers Regulatory approvals Golden Grove ▪ Post Mar-Qtr end, the key approvals for the proposed TSF3 tailing lift have been confirmed ▪ Civil construction tender awarded and contractor mobilized ▪ Work towards new LOM TSF continues; now entering final design phase in advance of appr
Slide 10: Mineral Resources & Ore Reserves
Mineral Resources & Ore Reserves 1 Continued replacement and growth, building on history of exploration success Golden Grove Ore Reserves estimates Ore Reserves (Mt) Contained Cu (kt) Contained Zn (kt) Group Ore Reserves estimates tonnes up 23%; increase in estimated tonnes and metal at both opera
Slide 11: Golden Grove – Discovery Timeline
Golden Grove – Discovery Timeline History of discovery and Mineral Resources replacement and growth Golden Grove Mineral Resources estimates at Dec-22 2022: 61.4Mt @ Mineral Resources Discoveries 1.7% Cu, 4.0% Zn, 0.7g/t Au, 28g/t Ag 2 Production Scuddles starts Growth Opportunities Amity and Xantho
Slide 12: Gossan Valley
Gossan Valley Outline of 31-Dec-22 Mineral Resources estimates for Gossan Valley - Long-section View 3 ▪ Gossan Valley 31-Dec-22 Mineral Resources estimates of 6.3Mt @ 1.1% Cu, 6.1% Zn, 0.5g/t Au, 18g/t Ag 1 ▪ Golden Grove 31-Dec-22 Ore Reserves estimates include Gossan Valley: 1 Gossan Valley Felix
Slide 13: Cervantes
Cervantes Long-section View Increase in Mineral Resources estimates for Cervantes relative to PFS 1, 2 Outline of 31-Dec-21 Mineral Outline of 31-Dec-22 Mineral Resources estimates for Cervantes 3 Resources estimates for Cervantes 3 ▪ 31-Dec-22 Mineral Resources estimates tonnes increased by 13% to
Slide 14: Future exploration opportunities
Future exploration opportunities Golden Grove VHMS system controls well understood after decades of drilling Good spatial definition of feeder zones and favourable stratigraphic units allows high probability targeting Priority target areas for repeat mineralisation: ▪ North Cervantes – Gossan Hill L
Slide 15: Esperanza South
Esperanza South Long-section 3 ▪ 31-Dec-22 Mineral Resources and Reserve estimates for Esperanza South: 1 – Resources 18.8Mt at 2.0% Cu – Reserves 10.8Mt at 1.6% Cu ▪ Recent drilling results: 2 – SDESS22_003_W3A: 70.0m @ 2.8% Cu, 26g/t Ag, 1083ppm Co, from 821m – SDESS22_003_W2: 48.1m @ 2.7% Cu, 23g
Slide 16: Mammoth and Greenstone
Mammoth and Greenstone 2 A sizeable exploration opportunity ▪ Historically untested area east of the Portal fault now presents a sizeable exploration opportunity ▪ Two-hole program, ~200 metres apart, with returned assays confirming broad intersections of high-grade copper: 1 – 34.8m @ 1.7% Cu, 7g/t
Slide 17: Appendix
APPENDIX A
Slide 18: Net Drawn Debt
Net Drawn Debt 1 Strong balance sheet and liquidity to support recovery ▪ Drawn Debt 1 of $197m post US$6m principal repayments in the Mar-Qtr ▪ Balance sheet strength with Net Drawn Debt 1 of $34m, including cash and cash equivalents of $163m 2 ▪ Provision for stamp duty of $26m maintained ▪ Total
Slide 19: Definitions of Non-IFRS Financial Information Metrics
Definitions of Non-IFRS Financial Information Metrics METRIC DEFINITION is copper equivalent contained metal. Cu-eq converts zinc, gold, silver and lead metal produced (contained metal-in-concentrate) to copper equivalent metal on an economic basis. Cu-eq is calculated by applying metal prices and a
Slide 20: Group Mineral Resources 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 2022 and are rep
Slide 21: Group 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 2022 and are reported as at that date 2022 20
Slide 22: Unlocking value to empower the future
Unlocking value to empower the future