Atalaya Mining Copper Sa · LSE:ATYM
Atalaya Mining Copper Sa — Atalaya Mining — Shareholder Meeting (June 2023)
31 slides from Atalaya Mining Copper Sa's shareholder meeting presentation, Jun 28, 2023
Slide 1: European copper producer with operations in Spain
European copper producer with operations in Spain 2023 Annual General Meeting 28 June 2023
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by Atalaya Mining Plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers
Slide 3: Disclaimer – Technical Disclosure
Disclaimer – Technical Disclosure Technical Disclosure – Proyecto Riotinto Unless otherwise noted, all scientific and technical information relating to Proyecto Riotinto is based on and derived from a technical report entitled “Technical Report On the Riotinto Copper Project” dated September 2022, p
Slide 4: Today’s Presenters
Today’s Presenters Roger Alberto Davey Lavandeira Non-Executive Chief Executive Officer Chairman Director 4
Slide 5: AGM Agenda
AGM Agenda ▪ Chairman’s Letter and Opening Remarks ▪ Resolutions: ‒ Resolution 1: To receive and consider the financial statements for 2022 ‒ Resolution 2: To re-elect Mr. Roger Owen Davey as a Director ‒ Resolution 3: To re-elect Mr. Alberto Arsenio Lavandeira Adan as a Director ‒ Resolution 4: To
Slide 6: 2023 AGM Presentation
ATALAYA MINING > 2023 AGM Presentation
Slide 7: 2022 Accomplishments
2022 Accomplishments Resilient performance despite unprecedented energy prices Operations & Financial Assets ▪ Announced new Mineral Resource Estimates for Production: Ore processed: San Dionisio, San Antonio and Proyecto Masa 52,269 tonnes Cu 15.4 Mt Valverde Cash costs: AISC: ▪ Published new NI 43
Slide 8: Highlights for 2023 to Date
Highlights for 2023 to Date On track to meet full year outlook following positive start to 2023 Operations & Financial Assets ▪ Q1 2023 copper production of 12.1 kt at AISC of ▪ Announced results of a new Riotinto PEA and $3.12/lb Cu, despite rescheduled plant filed supporting technical report maint
Slide 9: Production Outlook for 2023
Production Outlook for 2023 On track to deliver another year of solid production Throughput (Mt) Copper Production (kt) 9
Slide 10: Electricity Prices in Spain
Electricity Prices in Spain Market electricity prices in 2023 have moderated from the extreme levels in 2022 Spot Market + Adjustment in Spanish System (€/MWh)(1)(2) 1. Source: OMI, Polo Español S.A. (OMIE), day-ahead operations program 2. Since 15-Jun-2022, includes daily adjustment mechanism relat
Slide 11: 50 MW Solar Plant
50 MW Solar Plant Expected to provide stable, low cost and carbon free energy Solar panels on site 11
Slide 12: E-LIX Phase I Plant
E-LIX Phase I Plant Construction progressing; expected to unlock significant value 12
Slide 13: E-LIX Phase I Plant
E-LIX Phase I Plant Electrowinning cells 13
Slide 14: E-LIX Phase I Plant
E-LIX Phase I Plant Motor control centres 14
Slide 15: New Riotinto PEA
New Riotinto PEA Contemplates an integrated mine plan that leverages Riotinto’s 15 Mtpa plant Cerro Colorado San Antonio Open pit: 200.7 Mt Underground: 11.8 Mt Riotinto Processing Plant (M&I) 0.37% Cu (Inferred) 1.32% Cu, 1.79% Zn Capacity: 15 Mtpa San Dionisio Open pit: 56.1 Mt (M&I) 0.91% Cu, 1.1
Slide 16: Riotinto Deposits
Riotinto Deposits PEA contemplates that the adjacent deposits are mined concurrently Long Section San Dionisio Cerro Colorado San Antonio CuSW Mineralised material PolyMS CuSW PolyMS Open pit Mining method Underground Open pit Underground Legend Copper grade 0.00 – 0.139% 0.14 – 0.199% 0.20 – 0.499%
Slide 17: New Riotinto PEA: Production & NPV
New Riotinto PEA: Production & NPV Demonstrates the potential for strong economics and production growth Production Profile(1)(2) NPV After-Tax ($m) Sensitivity to Copper Price ($/lb) and Discount Rate (3) Copper Price ($/lb) 2.80 2.98 3.15 3.33 3.50 3.68 3.85 4.03 4.20 0% 928 1,240 1,545 1,848 2,15
Slide 18: Proyecto Touro
Proyecto Touro Past producing mine and currently operating as an aggregate quarry 18
Slide 19: Proyecto Touro
Proyecto Touro Addressing legacy water runoff issues 19
Slide 20: Proyecto Touro
Proyecto Touro Ongoing river restoration August 2021 – Lañas River May 2023 – Lañas River 20
Slide 21: Proyecto Touro
Proyecto Touro Increasing support from the local communities 21
Slide 22: Conclusion
ATALAYA MINING > Conclusion
Slide 23: Illustrative Production Potential
Illustrative Production Potential Growth driven by higher grades at Riotinto and potential Touro development Copper Equivalent Production (kt)(1)(2) 1. Recovered metal in concentrate. 2. Copper Equivalent production is calculated from results presented in the PEA and based on $3.50/lb Cu, $1.20/lb Z
Slide 24: Strong Outlook for Copper
Strong Outlook for Copper Copper demand is accelerating, but building new mines is increasingly difficult Growing Global Copper Consumption (Mt)(1) Falling Production from Legacy Mines(2) ▪ 5x CODELCO’s 2022 to 2030 ▪ 6.5x Escondida mines CODELCO Copper Production Outlook demand growth is ▪ 19x Cobr
Slide 25: Scarcity of Copper “Pure Plays”
Scarcity of Copper “Pure Plays” Atalaya is the 2nd largest copper “pure play” listed in London LSE Miners by Market Capitalisation (£bn) and Copper Contribution to Revenue Source: London Stock Exchange, company filings Note: Copper revenue contribution based on last reported financial or trading sta
Slide 26: Question & Answer Session
Question & Answer Session
Slide 27: Appendix
ATALAYA MINING > Appendix
Slide 28: Key Information
Key Information Capitalisation Share Price Performance (GBp) Ticker - LSE: AIM ATYM Share price (20-Jun-23) GBp 304 Basic shares m 139.9 Fully-diluted shares m 144.7 Market capitalisation (basic) £m 425 Market capitalisation (basic) US$m $544 Cash (at 31-Mar) €m 119 Debt (at 31-Mar) €m 64 Enterprise
Slide 29: 2022 Sustainability Report
2022 Sustainability Report Highlights Atalaya's commitment to enhancing its disclosure and performance 2022 Sustainability Report ▪ In May 2023, Atalaya published its second annual sustainability report ‒ Statistics and data are for the year ended 31 December 2022 ‒ Represents a core component of At
Slide 30: Safe Tailings Management
Safe Tailings Management Atalaya applies industry best practice standards to its tailings facility 2023 TSF Report ▪ In March 2023, Atalaya published a standalone document that summarises the Company’s approach to safe tailings management ▪ The report includes details on the history of the tailings
Slide 31: Atalaya Mining plc Investor Relations
Contacts: Atalaya Mining plc Alberto Lavandeira, CEO +34 959 59 28 50 info@atalayamining.com Investor Relations Carina Corbett, 4C Communications Ltd +44 20 3170 7973 corbett@4ccommunications.com