Aic Mines Limited · ASX:A1M
Aic Mines — Investor Presentation (February 2022)
23 slides from Aic Mines's investor presentation, Feb 8, 2022
Slide 1: Investor Presentation February 2022
For personal use only Investor Presentation February 2022
Slide 2: Important information
Important information This presentation has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) to provide summary information about AIC Mines and its activities at the date of this presentation. The information contained in this For personal use only presentation doe
Slide 3: Company overview
Company overview An experienced Board and Management team building a new Australian mid- For personal use only tier copper and gold miner through exploration, development and acquisition ASX Code A1M Board of Directors Share Price 1 $0.60 Josef El-Raghy Chairman Shares on Issue 308.7M Aaron Colleran
Slide 4: Macro environment
Macro environment A great time to be one of the few junior copper producers listed on the ASX with strong demand and price outlook for copper For personal use only Net additional demand in a zero carbon scenario Decarbonisation – a new paradigm Mt for copper demand Rapid electrification of grid ad
Slide 5: AIC Mines
AIC Mines A growth company leveraged to the copper price and exploration For personal use only success Mt Isa Lamil Project Eloise Copper Mine All assets located in mining friendly jurisdictions. Operating foothold established in Marymia the Mt Isa – Cloncurry region, one Project of the most sig
Slide 6: Mining and Processing
Eloise Copper Mine Mining and Processing For personal use only AIC acquired Eloise from private company FMR Investments on 1 November 2021. An exceptional first two months of ownership – produced 2,306t of payable copper at an AISC of A$3.05/lb and AIC of A$3.29/lb for November and December 2021
Slide 7: Ore Reserves and Mineral Resources
Eloise Copper Mine Ore Reserves and Mineral Resources For personal use only Current Ore Reserves contain 30,300t of copper and 26,700oz of gold1. The orebody is remarkably consistent and continuous. The previous owner did not drill-out a large resource inventory ahead of production and success
Slide 8: Ore Reserves and Mineral Resources
Eloise Copper Mine Ore Reserves and Mineral Resources For personal use only Currently drilling in the Deeps area – upgrading Inferred Resources to Indicated. Drilling has returned excellent results1 – confirming the grade and width estimates in the resource model: ED162 – 12.9m (12.2m ETW ) gr
Slide 9: Development
Eloise Copper Mine Development For personal use only Development in the Deeps z305 Level, currently the deepest level of the mine, correlates well with the Mineral Resource estimate1. Production from the Deeps Z305 sub-level cave to commence in March 2022. Massive chalcopyrite in z305mRL ore dev
Slide 10: Significant exploration upside
Eloise Copper Mine Significant exploration upside For personal use only AIC’s exploration strategy for Eloise will target both extensions to the known resource areas and the discovery of new lodes. Outside of the defined Mineral Resource area, there are 10 zones identified as priority drilling t
Slide 11: Significant exploration upside
Eloise Copper Mine Significant exploration upside For personal use only Currently drilling the Levuka area – extending the resource. Step-out results confirm that the resource is open along strike and at depth. ES139 – 2.8m (2.8m ETW) @ 1.96% Cu and 0.6g/t Au ES141 – 6.5m (4.6m ETW) @ 2.83%
Slide 12: Significant exploration upside
Eloise Copper Mine Significant exploration upside For personal use only The exploration potential of the Eloise tenement holding was one of the main features that attracted AIC to the acquisition. AIC is planning to increase both surface and underground drilling and is confident of significantly
Slide 13: Exploration projects
Exploration projects Exploring for gold and copper For personal use only Lamil Joint Venture 1,280km2 tenement package located 30km west of the world-class Telfer Gold-Copper Mine. Displays all the ingredients required to host a Telfer-style deposit. Marymia Project 3,600km2 tenement package –
Slide 14: Lamil Project
Lamil Project Drilling program recently completed For personal use only Maiden drilling program1 in 2020 confirmed: − Presence of prospective basement lithologies including metasedimentary rocks and mafic intrusives (gabbro and dolerite). Above: NQ2 core from diamond drillhole − Sulphide minerals
Slide 15: Marymia Project
Marymia Project Drilling program recently completed For personal use only Drilling programs at Copper Hills, Middle Island, DeGrussa North and Hermes North completed in November 2021 Copper Hills Considered to be a preserved portion of Paleoproterozoic basin, equivalent to that hosting the DeGru
Slide 16: Delamerian Project
Delamerian Project Belt-scale exploration opportunity For personal use only The Delamerian Orogen represents a largely under- explored cratonic margin setting analogous to other highly endowed provinces in Australia, such as the Paterson Orogen and Albany-Fraser Orogen. Prospective for multiple
Slide 17: Growth strategy
Growth strategy A disciplined acquisition strategy For personal use only Build a portfolio of mines through exploration, development and acquisition Our strategy is to target late-stage Australian gold and copper projects where we can add value through exploration and development. Portfolio approa
Slide 18: Investment thesis
For personal use only Investment thesis Highly credentialed and heavily invested team A new junior copper miner with strong free cashflow to add value through exploration success, resource growth, operational reliability and regional consolidation A great time to be a copper producer – strong demand
Slide 19: Appendix
For personal use only Appendix Eloise Overview Geology Mineral Resource & Ore Reserve 19
Slide 20: Overview
Eloise Copper Mine Overview For personal use only Location 60km SE of Cloncurry and 155km ESE of Mt Isa Tenements Mining leases covering 505.9 ha Mineralisation Iron Sulphide Copper Gold (ISCG). Commissioned in 1996. Has mined approximately 12.5Mt of ore grading 2.8% Cu History and 0.8g/t Au to prod
Slide 21: Geology
Eloise Copper Mine Geology For personal use only The Eloise deposit is hosted by a sequence of Proterozoic basement lithologies concealed beneath 60 m of flat-lying Mesozoic sediments. The host rocks predominantly comprise arenitic metasediments and amphibolites. The main copper-bearing sulphi
Slide 22: Mineral Resource and Ore Reserve
Eloise Mineral Resource and Ore Reserve Eloise Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). For personal use only Further information is provided in the ASX announcement released by AIC Mines “Transformational Acquisition - AIC to Acquire th
Slide 23: For personal use only
For personal use only P: +61 (8) 6269 0110 E: info@aicmines.com.au A: A8, 435 Roberts Rd, Subiaco, WA, 6008 www.aicmines.com.au 23