Slide 1: Dargues Life-of-Mine Update
DARGUES LIFE-OF-MINE UPDATE 24 March 2022 ASX Code: AMI
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation has been prepared by Aurelia Metals Limited (“AMI” or the By its very nature, production and exploration for gold and base metals is a high “Company”). It should not be considered as an offer or invitation to subscribe for risk business and is not suitabl
Slide 3: Dargues Life-of-Mine (LOM) Update
3 DARGUES LIFE-OF-MINE (LOM) UPDATE UPDATE DARGUES LOM Technical drivers Timing Recover and unlock upside 24 March 2022
Slide 4: Dargues Technical Drivers
4 DARGUES TECHNICAL DRIVERS
Slide 5: Dargues Acquisition
5 DARGUES ACQUISITION Investment thesis • On-strategy acquisition – addition of a third strategic asset, reweighted portfolio further towards gold, and aimed to improve group AISC profile • Expected to produce an average of 45 - 55koz gold p.a. at AISC of A$1,150 - 1,350/oz over the next 5 years • S
Slide 6: Dargues Revised LOM Plan
6 DARGUES REVISED LOM PLAN Expected revised plan and impairment • An extensive drilling program since acquisition has uncovered complexity at depth impacting mainly grade • As a result, the Dargues June 2021 Mineral Resource, Ore Reserve and Production Target is expected to be revised downwards from
Slide 7: Dargues LOM Phase Infill Drilling
7 PHASE 2 INFILL DRILLING Remnant Mining UPDATE DARGUES LOM Conducted from 385 and 425 levels Ruby Lode • Geological interpretation and model updated with FY22 infill and extensional drill program, geological mapping and sampling data • New information shows that some mineralised lodes are discontin
Slide 8: Geological Interpretation from New Data
8 GEOLOGICAL INTEPRETATION FROM NEW DATA Block model cross-section comparisons between 2021 and 2022 LOM plans Data Sources Data Sources 242 drill holes 192 drill holes (50 new) 2022 LIFE OF MINE PLAN 2021 LIFE OF MINE PLAN 630 face samples 337 face samples and sludge holes and sludge holes (~300 ne
Slide 9: Localised Variance to Mineralised Zone 8B
9 LOCALISED VARIANCE TO MINERALISED ZONE 8B Modelling Modelling Zone 8B Zone 8B Upper Infill drilling and mineralisation mapping in upper interpreted zone indicate no between surface continuity drill holes between surface (140m vertical drill holes distance) 2022 LOM PLAN 2021 LOM PLAN Further holes
Slide 10: Timing
10 TIMING 2 Me aurelia
Slide 11: Annual Planning Cycle
11 ANNUAL PLANNING CYCLE 2021 MROR & 2022 MROR & Production Target Production released Target released Dargues LOM plan finalised QUARTER 1 QUARTER 2 QUARTER 3 QUARTER 4 PLANNING ACTIVITIES JUL AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUN Phase 1 drilling – infill and extensional Phase 2 drilling St
Slide 12: Recover and Unlock Upside
12 RECOVER AND UNLOCK UPSIDE auretia “>
Slide 13: Priority Actions
13 PRIORITY ACTIONS • Prioritise infill drill program and assay returns to improve definition of mineralised strike and depth extents and increase estimation confidence • Complete logging of 3600m of outstanding core from underground infill drilling and 250m of surface exploration drilling to inform
Slide 14: Accessing Further Upside
14 ACCESSING FURTHER UPSIDE UPDATE DARGUES LOM • Dargues possesses significant further resource growth and life extension potential • Current extensional drilling activities target prospective areas of potential gold 385 RAW 425 STP mineralisation along strike, between and down- Drill program Curren
Slide 15: Contact
CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com.au