Energy Resources Of Australia Ltd. Class A · ASX:ERA
Energy Resources Of Australia Ltd. Class A — FY2020 Earnings Presentation
13 slides from Energy Resources Of Australia Ltd. Class A's earnings presentation, Feb 24, 2021
Slide 1: 2020 Full Year Results
2020 Full Year Results Additional Information for the Financial Community February 2021 www.energyres.com.au
Slide 2: Forward-looking statements
Forward-looking statements This presentation has been prepared by Energy Resources of Australia Ltd (“ERA”) and consists of the slides for a presentation concerning ERA. By reviewing/attending this presentation you agree to be bound by the following conditions. Forward-looking statements This presen
Slide 3: Acknowledgement of Traditional Owners
Acknowledgement of Traditional Owners The operations of Energy Resources of Australia Ltd (ERA) are located on Aboriginal land and are surrounded by, but separate from, Kakadu National Park ERA respectfully acknowledges the Mirarr, Traditional Owners of the land on which the Ranger mine is situated
Slide 4: Health and safety
Health and safety Demonstrated commitment to the health and safety of our teams, community and environment in which we operate – ERA continues to implement programs with the objective of Zero Harm, whereby all employees and contractors return to their home and families injury-free after each shift –
Slide 5: Full Year Summary
Full Year Summary • Successful ongoing management through the COVID-19 global pandemic, prioritising the health and wellbeing of our communities, employees and contractors • Production of 1,574 tonnes of uranium oxide • Revenue of $242 million and operating cash outflow of $19 million1 for the full
Slide 6: ERA continued to deliver on strategic priorities in 2020
ERA continued to deliver on strategic priorities in 2020 Near term strategic priority 2020 outcomes Continue the progressive rehabilitation1 – Bulk backfill of Pit 1 completed of the Ranger Project Area – Continued dredging of the Tailings Storage Facility (bulk dredging practically complete in Febr
Slide 7: Operational performance
Operational performance Mill Operation 2020 2019 Ore milled (‘000 tonnes) 2,495 2,484 Recovery (%) 84.9% 86.8% Mill head grade (% U3O8 ) 0.07 0.08 Tonnes produced (U3O8 ) 1,574 1,751 Pounds (‘000 lbs) produced (U3O8 ) 3,470 3,860 – Strong plant performance with favourable ore milled tonnes – all-tim
Slide 8: Full year financial performance
Full year financial performance Ranger continues to generate positive margins from the sale of U3O8 Cash resources increased in the year A$ million 2020 2019 – ERA continued to generate a positive cash margin from Revenue from sales 242 210 the production and sale of uranium oxide – Achieved average
Slide 9: Progressive rehabilitation ongoing with complex and interdependent schedule
Progressive rehabilitation ongoing with complex and interdependent schedule • Approximately $685 million spent on rehabilitation and water management projects since 20121 • Rehabilitation project progress: Dredging continued to transfer tailings from the Tailings Storage Facility to Pit 3 with bul
Slide 10: Rehabilitation progress: Pit 1 and 3
Rehabilitation progress: Pit 1 and 3 Pit 1 1992 Pit 1 bulk backfill completed 17 August 2020 Pit 3 September 2014 Bulk tailings transfer complete in February, Pit 3 February 2021 supporting wicking activities to be initiated in late 2021 10 www.energyres.com.au
Slide 11: Rehabilitation progress
Rehabilitation progress Close monitoring of Stage 13 Stage 13 planted and irrigated Revegetation – Seed germination and propagation Tailings Storage Facility January 2021 flowering / fruiting (bulk tailings transfer completed in February, with floor cleaning to 11 progress) www.energyres.com.au
Slide 12: Regular engagement with key stakeholders
Regular engagement with key stakeholders ERA’s operations are located on Aboriginal land, are surrounded by Kakadu National Park and support the regional economy. Regular engagement with key stakeholders is an important, ongoing part of our business. • Ranger Rehabilitation – Mine Closure Plan was a
Slide 13: Outlook
Outlook • On 8 January 2021, production at the Ranger mine ceased in line with the Ranger Authority • ERA retains drummed inventory to fulfill a number of marketing contracts through 2021. Residual uncontracted sales will continue to be opportunistically sold into the spot market • Execution of the
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