Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Q2 2024 Earnings Presentation
15 slides from Aurelia Metals's earnings presentation, Jan 30, 2024
Slide 1: December 2023 Quarterly Update and Outlook
ASX Code: AMI DECEMBER 2023 QUARTERLY UPDATE AND OUTLOOK 30 JANUARY 2024
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation has been prepared by Aurelia Metals Limited (‘AMI’ or the ‘Company’). It should not By its very nature, production and exploration for gold and base metals is a high risk business and is be considered as an offer or invitation to subscribe for or purchase
Slide 3: December 2023 Quarter Highlights
DECEMBER 2023 QUARTER HIGHLIGHTS Progressing execution of our Cobar region strategy Strong operating cash flow Further improvements funding growth delivered at Peak Federation remains on Exploration continues to track for first stope ore deliver exciting results DECEMBER 2023 QUARTERLY UPDATE AND OU
Slide 4: Group Production and Costs
GROUP PRODUCTION AND COSTS Sep Q Dec Q Dec YTD FY24 Group output • Planned high grade stopes at Peak re- FY24 FY24 FY24 Guidance1 sequenced to the second half of FY24 Gold produced (koz) 16.8 14.9 31.7 60.0 – 65.0 • The updated production outlook relative to FY24 guidance is: 2.0 – 2.3 Copper produc
Slide 5: Safety and Environment
SAFETY AND ENVIRONMENT Preventing injuries remains a priority Group Total Recordable Injury Frequency Rate (TRIFR) - 12 month moving average 15 10 • Majority of injuries have been slips, trips and hand injuries 5 0 • Key actions ongoing to Dec-23 Aug-23 Sep-23 Feb-23 Jul-23 Nov-23 May-23 Apr-23 Oct-
Slide 6: Peak
PEAK Progressing operational turnaround Development metres • Development rates increased to 743 metres providing 743 723 optionality and contingency for production 257 352 Mar 23 Qtr Jun 23 Qtr Sep 23 Qtr Dec 23 Qtr • Ore mined increased for a fourth consecutive quarter Ore mined (kt) • Mining unit
Slide 7: Peak: Development completed for high-grade South Mine stopes
PEAK Development completed to deliver high-grade South Mine stopes in second half South Mine long section looking West Upper Chronos long section Lower Chronos long section 19Kt 16% PbZn 29.5Kt 27% PbZn Kairos long section Q3 FY24 activity Q4 FY24 activity 37Kt Completed stopes 11.5% PbZn Completed
Slide 8: Dargues
DARGUES Dargues long section looking North showing remaining stopes Maximise cash for remaining mine life • Significant cash generation of A$13.5M (SepQ: A$3.4M) • Hedges lock in high gold price for remaining production • All mine development now complete • Stoping now retreating from lowest mining
Slide 9: Federation
FEDERATION Remain on track for first stope ore in Q1 FY25 • Mine development of 675m (SepQ: 405m) First egress rise successfully reamed in January • Wet weather has impacted development progress in January Infill drilling • All three surface raisebore concrete collar foundations poured platform now
Slide 10: Exploration
EXPLORATION Continues to deliver exciting results close to existing infrastructure • Strong copper exploration results at Chesney North • Peak programs continue to highlight Upper Blue Lens the prospectivity around Peak Mine Chesney North Chesney South Jubilee North • Visually exciting Mt Pleasant r
Slide 11: Exploration Chesney North
EXPLORATION CHESNEY NORTH Successful program enhancing the Peak Mine • All 6 holes completed delivered significant intersections of copper • Enhances optionality on Peak transition to copper dominant ore feed See ASX Announcement dated 18 January 2024 ‘Peak Mine: Chesney Exploration Update’ DECEMBER
Slide 12: Balance Sheet
BALANCE SHEET Operations fully funded growth capital and exploration Group cash A$M2 • Cash on hand of A$108.7M ~36 ~163 • Liquidity over A$160M with addition of tax 17.8 refund1 A$17.8M and undrawn loan note (~A$36M) • Peak cash flow in second half to benefit from higher base metals production • He
Slide 13: Key Focus Areas
KEY FOCUS AREAS Safely deliver our FY24 guidance and growth agenda Deliver mining sequence and lower costs at Peak Maximise cash generation at Dargues First stope ore at Federation in Q1 FY25 Progressing optimisation of the Cobar Region Exploration to deliver growth options Photo: Federation core At
Slide 14: 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 Photo: Sealing of Burthong Road near Federation on 21 December 2023.
Slide 15: Appendix: FY24 Guidance
APPENDIX FY24 GUIDANCE FY24 GROUP OUTPUT Metric Guidance Outlook: Guidance1 Gold koz 60.0 – 65.0 • Planned high grade stopes at Peak re-sequenced 2.0 – 2.3 to the second half of FY24 Copper kt (Previously 2.8 – 3.1) Zinc kt 17.5 – 20.0 • The updated production outlook relative to FY24 guidance is: L